I'd like to say a few words here so I'll address this to all.
My read on the markets right now is it's set up for a fall. Dow, S&P , Nas mid cap and small cap are rolling at the 50 mark .Vix is about as low as it can go. For those that trade this is a big factor to us. We have the start of earnings reports starting next week and the markets, {if I can get away with grouping like this} have the "you better show me something real " dog and pony days are done look to them. Again not over sold or over bought, but dead center in between. Some us that have been doing this awhile call it alignment. Lets hope for the good earning reports here. If so, it will break the back of the bear. If not it wouldn't be much longer anyway. There is no projecting this, as the reports will be the driver. The quicker the read the better the results, either up or down.
IDCC is also at the 50, btw when I say 50 I'm talking about relative strength index.
Which bring me to my point of posting. I have been running across many posters, emails asking is this a good time to trade? I hope this comes across as friendly as I mean it to be.
If you haven't traded before, now is not the time to learn. I mean this nicely.
Hold the shares.
If the minute you sell you start looking for a lower price to buy right back in. Or get nervous waiting for the price to drop.
Hold the shares.
If you don't know with reasonable certainty which direction the share price is going and the likely area of where it will wind up.
Hold the shares.
If you think your going to make a fortune in trading, but haven't lost a fortune by trading yet.
Hold the shares.
It takes a long time to get good at learning how to trade. It is not easy. And it's a time consumer to get it right. If you think you're going to become brilliant over night.
Hold the shares.
Right now if you're already holding there is no need to trade. No law says you have to get greedy.
Hold the shares.
I would guess you would have a very happy Christmas if you do.
But maybe you prefer trade, perhaps you get in right, or not. If not, you will not doubt chase it back up putting more money in that you didn't plan on, just about then it will correct back down for a brief time, you unfortunately just took a big loss by not getting it right the first time, can't afford to take another so you sell again, and at that point the market will own you. You will no doubt blame the MM's or the other traders, the street, the big boys or perhaps some one on this board. But the true is you thought you were smarter than those people and you decided to become brilliant overnight. You placed the orders. Not them.
There is an old saying, not necessarily true ,but, the market doesn't make any money, every time somebody makes a buck, and somebody loses one. That's especially true with trading as the better ones are taking from the poorer ones. The longs are just holding.
In this case with IDCC I would add " a bird in the hand"
All this above is just an opinion, but if you haven't traded before you may wish to put some thought to it.
Anyway just a few words, nothing more.
BTW It doesn't mean IDCC has to go down or up. Absent of news it should follow the market however. This is not a negative things here, if fact the best thing to do with this one is close your eyes and walk away for a while with whatever you can hold or add.
AI
