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Buy Buy Buy

By E-man   Follow   Fri, 1 Jun 2012, 10:23am   534 views   2 comments
In San Jose CA 95131   Watch (1)   Share   Quote   Permalink   Like   Dislike  

If you believe in technical analysis mumbo jumbo, here it is.

We're approaching support at about 1,275 on S&P. This happens to be around the 200-DMA and the previous broke out point, which serves as support now. So if you believe in this TA mumbo jumbo, this is a good buying point.

If the S&P broke 1,250, I'm going 50% cash no questions asked. I'm not likely buying back in until S&P reaches 1,040......

If the support holds, I expect the market will head up to 1,450 to 1,500 and that's when I will raise some cash & wait for a consolidation.

My two RE acquisitions in early April & early May turned out to be a win-win. These were pure luck in terms of market timing because my partner & I had to sell a lot of stocks to pay all cash for these two acquisitions. To top it off, we got lucky with these RE deals & got them for below auction prices.

So what's your game plan for this market or markets.

Profitable landlording & investing to all. :)

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1. kimtitu Follow Befriend 39 threads 92 comments

   1   11:48am Fri 1 Jun 2012   Share   Quote   Permalink   Like   Dislike   Anybody sees QE3 in sight? Current development shows the first 2 QEs did not really work well. Will the Fed keep dosing the market with more morphine?

2. NickJohnson12 Follow Befriend (3) 19 threads 12 comments

   2   12:34pm Fri 1 Jun 2012   Share   Quote   Permalink   Like   Dislike   Hey good news! Thanks for sharing!