Wednesday, April 3, 2013
Recent market strength puzzles me. I expected a slow spring and summer with bullishness returning in the fall or next year. Clearly I am lousy at market prediction, need to adhere to a cohesive intelligent strategy. I have not done this well the past couple months though it has not been destructive. The number of mutual funds holding ecar stock has grown to 242. It has gone north of 40 for the first time on great strength. I ADDED higher than where we are now 41.56. I subscribed to IBD again but dislike the salesmanship. They have a new 2013 book out from their meetup representative. Basically it rehashes everything ever said, profiles those that have used the "system". Lots of small players seem to hold for short periods, scare off easy, perhaps churn accounts. They do not talk about overall returns. The book seems to be a sales tool for many of the things that IBD sells, generally monthly charges for products that likely wont help me do better.
Posted by nursebee at 10:32 AM