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#4 |
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Prostate Examiner
I quoff fine wine at corkd.com
Join Date: Oct 2002
Location: good 'ole USA
Posts: 21,018
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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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