Friday, May 19, 2006
Small Investors have no shot
We really don't. All we can do is buy shares of companies that are solid and have good fundimentals, or are a great deal. I've said it before and I stand by it with all my heart. Right now, Sirius stock is an amazing buy. It was at 6, it was at 5 and now that it's below 4 you would be an idiot not to buy some. Most investors are amazed that every day, with no bad news, analist downgrades or insider trading, the stock continues to decline. Most believe that it is all due to the huge hedge funds shorting Sirus stock so they can make insane long term gains. That should tell you that in todays market, as a small investor, you are so out of the loop, you should just give up trying to time the market. You can't. Oh.. and I just bought another 150 shares so now I've got 1000. Some day when Sirius is as big as HBO I'll be laughing my way to the bank.