good!
I slowly started unloading some ETF's I bought recently, and keep buying those which keep on going down
(interest rates sensetive, income producing)
Today I got from my broker analysts recomendation dated March1 and this is what I wrote him back:
Mark,
did you see the date it was published?
March 1, 2004
whoever bought on their recommendations basically bought on the top!!!
(as you recall I was SELLING everything I possibly could in this time frame, CD's, FNMA's, bonds,. etc)
which is why I "listen" to CNBC with a volume turned off (except the government reports)
TIMING is EVERYTHING in investments and I feel sorry for the folks who put money into this recommendation when it came out....they were probably the ones who sold it it to me at the prices 15-20% below from where they were from March 1st 'til they just fell off the cliff lately
(I'm sure you don't need the chart and seen it all yourself)
;-)))
but as always, some people's losses are some people' gains
;-))
with exception of EAD,
I was playing all those funds last year (and some this year) long before those "ANALysis discovered them.
How much is the job of UBS ANALyst pays? I can't do worse, please keep my resume on file
;-)))
Serge
P.S. for the future, let's keep this modus operandi and let's make sure I get ANALysts recommendations 5-6 weeks AFTER they come out and become public
;-)))
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