- Howie Town
- Posts
- Buying for Bounces...Tough Game!
Buying for Bounces...Tough Game!
I have been lucky a few times with SPY. I did not buy a share of anything today. Too many of my good stocks are trading down levels.
The bounces have been sold off way too fast.
It’s sort of like waiting for a bus, in a really bad ghetto—always a bad idea.
As I wrote this weekend. The great growth stocks are just up too much for how the general market behaves. Since I don’t dip my toes in crap (just Starbucks), I don’t have much too choose from, so I do less. I advise the same for you.
Reply