Quote:
Originally Posted by GregWeld
Not pointing at you Lance --- but I've always wondered why people are afraid of the very thing they want ---- rising prices.
I've bought many a share(s) paying higher and higher prices -- and they've gone up from there. That's why I refer to the long term charts -- I want them to be going higher OVER TIME. If you're always waiting for something to go down -- you'll miss out on the ups.
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I hear ya.. I personally think its a psychological battle. The old adage "what goes up must come down".. Translating into something like "i want to buy MCD, but its up 10% this year, its got to come back down. so i'll wait. Otherwise, as soon as i buy it, it will drop that 10% the next few weeks" lol
But, as you mentioned plenty of times in the past. You dont get paid to wait when the cash is sitting on the sidelines. At least if your IN, and it does go down, your getting paid to wait - at a discount none the less.