Well, Nick, I'd like to agree... but, I'll say this. I believe that I'm well placed in many positions. Those that aren't performing well I'm reinvesting dividends. Those that are performing well above the point of my cost basis, I'm not reinvesting dividends. And, I'm only speculating slightly with small positions in CGC and NIO. But believing that conceptually these stocks represent markets to be invested in, just the way I believed that Facebook and Mastercard and Visa (which I later closed) Northfield Bank and Richmond county Savings Bank (NYCB) were good to purchase at their IPO's. And as I recently opened EQH when it came to market which performed badly for a while and has since added over 14% to my initial investment.
When the markets tail spun in December '18 I waited for the dust to settle and added. I'm a basic returns kinda guy expecting 9-30% back on most investments. Being a chartist I look at a variety of factors, but most simply where the stock has been at its highs and lows then considering and acting.
For example, I like stocks like EPD. Near it's high again and returning over a 6% dividend anyway it's just about ripe again for the third time to reduce or close my position at near a 9% return on a short term investment basis. This one's in my IRA so I'm not really too concerned tax wise with its short term return. The chart is so obviously the best tell for this stock and quite frankly if I get my 8-9% short term return I'm quite content.
AI
