Wednesday, January 23, 2008

Buying opportunities...

Hey, how are ya??

Got my truck back. Looks good. It's frozen right now, but it's nicely repaired...

Well, the markets are down... And do you know what that means?? That means the stuff you want is ON SALE!!!

THIS is when you buy!!!

Look, lets say I looked at a Harley, and they wanted $13,000 for it... And I said "Naaah" and went home. They call me the following week and say "Hey, how about $11,800??"

It's the same bike. In the same place. Same. Just cheaper.

Maybe you like Microsoft. Maybe you like The Amex Gold Bugs Index. Maybe you like Gold and Silver coins, and oil stocks (and if you do, I like how you think...)

Maybe you like Mobil. Whatever. Look, in these "general market corrections", Mobil may go down, but again, Mobil hasn't changed! It's the same Company, with the same properties, same wells, same fleet of trucks.... same. Just like that Harley that went on sale. Same company. Just cheaper. You're always trying to buy food, clothes, computers, big screen TV's, and cars when they're on sale.... why not your stocks??

Do you know what the HUI INdex is?? Better known as the AMEX Gold Bugs Index... a basket of decent gold mining stocks.



As you can see, this thing goes up and down, especially lately. Now, back in August, it was down to below 300 briefly. That was clearly the time to buy. When this thing is downtrodden, and everyone hates it, jump in. There was another point there in December at 380.... that would have been a decent entry point too.

Look, usual disclaimer: I'm a small doggie. Do not take any advice from a small doggie. My primary advice is to get a bacon cheeseburger and give it to me!!! I am not a financial analyst. I hate suits, and I hate double talk. I'm just throwing out ideas. But I would urge everyone to examine your beliefs, read, read some more... subscribe to a newsletter! Whatever! But do SOMETHING, find something YOU believe in, and don't be afraid to be a little bit of a contrarian...

These dips in the market, these are your buying opportunities....

If you wanna watch "Mad Money" on CNBC, go ahead. But keep in mind, that's a cross between entertainment television, and sports gambling "Tout" services, selling their football picks on a 900 line.... Cramer is no different than "Joe Diamond's Ten Star lock of the year".... use caution.

Also, the Internet is really a great tool.... back when I was at the Daisy Hill Puppy Farm School of Business, it was really really hard (and expensive) to get your hands on the data... nowadays, any one of a dozen websites has charts, moving averages, whatever. It's all out there. It's free and easy. Read! When you're done, read some more!! We could only DREAM of access & info like this back in the day.... I found that chart in 2 seconds. Uploaded it in 30 seconds. Boom. Just like that.

So, good luck. Many of these companies & Commodities are the buy of a generation right now....

No comments: