Saturday, May 12, 2007

Buy when blood is running on the street

John Davison Rockefeller once said: "The way to make money is to buy when blood is running in the streets."

When you saw DNDN trading @ 4.9, you knew that is blood on the street.
When you saw FFHL trading @ 7.1, you knew that is blood on the street.

Does that mean you have to buy it when people are selling panically? and catch the falling knife? heck no

keep your dry powder, wait until the panic sale is done, buy in the uptrend not the downtrend.

So trading idea for monday is actually FFHL bottom momentum.

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