Is the market irrational? Is the market bipolar? :) what do you think? We can see it all happening in front of our very eyes! :) the first two trading days of the week the market went up more than 1% each day and then what happens? It drops more than 1% tsktsktsk is that suppose to be rational??? i bumped into my broker the other day and he told me that the market has forgotten the china sell-off and that includes him too hehehe i remember him telling me a few weeks ago to liquidate my shares but i refused to do so. Now do you think im crazy??? hehehe but my broker is a short term trader or a chartist and from his point of view that was the right thing to do and if i look at it from that point of view he gave me the right advice but i look at my shares of stock in a long term perspective thats why i didnt sell them. :) i really admire my broker spyfrat because he is one of the best at what he does. people really have a short memory span after a month they are all at it again!?!?! can anyone please explain to me if thats rational!!!!! anyway it really doesnt matter just always remember to buy low and sell high! :) volatility is your friend! :) i really believe that. As mr. Buffett said investing is like a baseball game but there are no strikes being called. :) meaning you dont have to buy anything that you dont like. :) just buy something when you really like it. :) nobody is forcing you to buy a stock at a certain price so if thats the case then just wait for it to drop to the price that you want. :) when you do that you lessen the chances of making a mistake. As the master investor said investing is about making as little mistakes as possible! :) anyway there are still cheap stocks in the market and one that im going to discuss right now is fil-estate(LND). Trading at the range of 0.80 to 1.00 :) this is a really cheap stock selling at a very big discount right now!!! around 70%-80% imagine that?but still im having doubts of buying the stock. Because i believe that one very important requirement of a good stock and giving you back superior returns is good management. And no offense meant i really dont have a very high regard for its management. So as of the moment even though holy week is over i think im going to abstain from LND. hehehehehe I will quote again my idol warren buffett “i would rather buy a great company for a fair price than buy a good company for a great price.” good luck guys. :) the nba playoffs are now fast approaching!!! :)
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