iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,433 Blog Posts

Resist the Temptation

I am not offering advice, but speaking to myself.

All I can do is wait for some of my favorite names to cheap, names like WETF, BX and USG. Sure enough, they’ll come down and it will be scary to buy when I decide to buy them. But there aren’t many pullbacks in this perpetually bullish market, so you might as well take advantage of the pullbacks when you can.

We’ve been sharply lower in May for the past three years. Some might say “it’s time for a change. May will be up.” But everything points to the continuation of this trend. In the big scheme of things, one month is a very small amount of time to wait for cheaper stock prices. Instead of risking 20-30% of your holdings, based upon the caprices of the Fed and our beloved policy makers, might I suggest taking a month for holiday?

Top picks: GTAT, HDGE

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8 comments

  1. The_Real_Fly

    Trying to avoid making my situation worse, the oath of any good doctor.

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  2. uniondude2

    lookin at POT.

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  3. JB

    You decided to try Disqus again.. Good choice .. Is the result an increase in page views?

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  4. ROB CARL THE GREAT
    ROB CARL THE GREAT

    USG. I’d bury my my lage, black, and fat portfolio so deep into that stock that whoever could pull it out shall be crowned king arthur. real talk.

    Also, very nice posting platform. Very sleek and clean looking.

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  5. DumbedAss

    You are better off taking this entire year off.

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