Yesterday's action in Image Entertainment (DISK) proves that, whatever you do in the stock market, it turns out wrong. Every investor should keep a shadow account where they do exactly the opposite of what they do in their real account.
Only--my tip--put the real money in the shadow account.
We didn't buy DISK when Mr. C told us to at $1.20. We didn't buy when it went to $1.80. Or $2.03. I figure, I will finally pull the trigger on this puppy when it tops out at $3.50.
Buy high, sell low, that's our motto here at Carr Securities.