While I value technical analysis, and use it quite extensively (as everyone knows), I ultimately guide myself on fundamentals and my understanding of them.
Right now, my understanding of macro-events is such that we will probably have a slow down. But, certain stock are being priced for a credit-freeze like situation, and that is not going to happen.
So I can not back away. Not with such extremes baked it. Not with such oversold conditions. Not with such value present.
I am heavily invested now. Do not plan on buying anything more unless I see certain conditions that make the hairs on my ears perk up :)
Happy 4th everyone.
No comments:
Post a Comment