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Re: Pennysaver9 post# 11775

Tuesday, 11/15/2011 11:25:09 AM

Tuesday, November 15, 2011 11:25:09 AM

Post# of 221890
Greed is not good. It makes you disregard reality. Instead of using intelligence, you do things you shouldn't. The goal is to be a smart trader. Greed can make you do stupid things. A bunch of people here were greedy and jumped on it when it was way overbought. They are now stuck at 70 cents or more. It is when stocks are beaten down that you get the best deal and most gain. However, the company has to be good and have a future. We don't know about NSAV. Bank of America and Citibank on the other hand are cheap. In 3-5 years, they are almost guaranteed to be much higher. If you are saving for your kid's college fund, that's where you put your money. Buffett did not get where he is by being greedy or stupid.