October 14, 2006 at 12:43 pm
#711812
Inactive
Online gambling will survive … in some form.
But what makes you feel able to pick the publicily listed winners?
Right now public companies are having to leave the US market – and it is private companies who are likely to emerge stronger. Public companies are triming estimates – recalling dividends and basically looking shell-shocked.
Yes – the stock prices are low.
But that’s because people who originally owned them (and who surely studied the situation carefully) still decided that the lower price was a better deal than holding onto them.
I see no reason to try and time the upswing in publicly listed stock prices – wait until you see a material reason to get back into specific stocks.
(just my 2 cents – trying to save your 2 cents)
:popcorn: