Sunday, March 25, 2007

EEI?

Business world research recommended EEI as trading buy. Looking at MACD indicators however will point out that the EEI stock has gone up by so much. Sure the up lines are going ahead of the red lines, indicating an upward trend. But, by this time, one should have already purchased EEI, and is only preparing to dump some or all of it. Best time to have bought it was around mid-June 2006. I missed it then. Trading buy means one is wary of selling the stock at the first onset of trouble or stall. On the contrary, Buffett once said that if you won't own the stock for two years, don't own it in two minutes. I have not really owned a stock for more than a year, except for some really good ones. But I will not trade for risk.

Hence, I am not buying EEI

No comments: