If this is your first visit, be sure to
check out the FAQ by clicking the
link above. You may have to register
before you can post: click the register link above to proceed. To start viewing messages,
select the forum that you want to visit from the selection below.
Well...I have traded 14 from the CwH list the past 2 weeks...only real screwup was adding to VOLC this morn...SWSI was a cutesy type trade too...But overall a nice 2 weeks
"Trade What Is Happening...Not What You Think Is Gonna Happen"
This is the same week that we started tanking last year...If the NDX goes down 10% I'm in great shape
Had some decent profits in January...then I hardly traded until recently and have done pretty good...But I own QID and am down over 8 bux on it...but if we tank I'll be sittin' pretty
"Trade What Is Happening...Not What You Think Is Gonna Happen"
I know that Runner did not like what I had to say about his Foreclosure Investment Idea a few months ago...I hope my statements were not contributory to his quitting the Forum...But, I was telling it like it is...Take it or leave it...Believe me or not...That is anyone's perogative.
My recommendation to anyone who thinks they can buy low and sell high in Real Estate is...Wait another 12-18 months...And even then you may have to wait up to 7 yrs before your investment REALLY pays off.
Housing prices are not a bargain...yet...But they will be once the inventory overloads...like it did in '94-'95.
I'm no expert in every geographical area...But patience (and timing) will pay off once again IMO.
Now, if you just have to get in now...I recommend looking into apartment buildings...Those Foreclosed people have to go somewhere...IMO, that will keep rents fairly stable(in L.A. anyway)...and then they will go up later...Rent Controls are being eased now and the Landlord may once again be King or Queen out West anyway.
Comment