OT: Jo Teng on the 'smart move' -
THE smart move for 2010 is tending to buy and hold more than in 2009. Those times 2 - 4 moves where you can cash out on a stock and move to another times 2 - 4 are harder to find if not impossible. Looks to me that selecting the ones that are going to go up 50% in 2010 and spreading your money around is the way to go now. Sure the day traders will try to make hay and whiplash our stocks, but we will waste our time trying to match them.
Of course if Iran blows, or other major events occur, we need to react as always. But other than that, hold, constantly reevaluate, and hold some more.
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