Friday, May 21, 2010

It's official, stocks are on sale!

In light of the recent stock market volatility it's time to say stocks are officially on sale! Strange though how people will flock to retail stores to buy items at a discounted price, yet when it comes to stocks, most fear when they go down and will only consider investing after prices have risen.
So, where is the balance? The balance comes from identifying companies that you like to do business with, perhaps you like their products (apple computer comes to my mind) and then look at their stock prices. Charting stock prices is easy to do when utilizing bloomberg or other financial internet sites. Pick charts that are long term and that show a clearly defined trend line, buying above the trend line is helpful but not at the peak. The market's recent pull back of 10% signals a buying opportunity to me.
Wealth & Wisdom blessings to you,
Jaden Sterling

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