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Subject:  Re: Time for a Few Small Repairs Date:  2/11/2008  2:25 PM
Author:  Blindnomore Number:  29813 of 533

Some of the best advice I've seen anywhere up to now I saw only a few weeks ago, and it ties into the analogy you give for catching a falling knife.  It goes like this:  When taking long positions, only invest in stocks that are rising and are undervalued.  When they are rising it shows they are allready moving in the direction you want them to and have momentum to continue.  If a stock is going down, who is to say where the bottom is.  Plus it will have its momentum to the down side.  In a nutshell, don't try to catch falling knives, you'll probalby get hurt and regret it.  Mainly advice for the long term investor, not a day trader who can't hold a stock longer than it takes to say "hi".
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