T206 cards poised for largest 2 yr. percentage price increase.

[SetBuilder]

Originally Posted by Peter_Spaeth

No, corrections are always inevitable, but rule no. 1 has always been don't try to time the market or you'll get burned, no?

Don't try to time the market, but don't buy at the top either. There is a subtle difference between the two.

[Peter_Spaeth]

Originally Posted by SetBuilder

Don't try to time the market, but don't buy at the top either. There is a subtle difference between the two.

That's the whole point, you can't tell a top without hindsight. People thought Dow 10K was a top.

[SetBuilder]

Originally Posted by Peter_Spaeth

That's the whole point, you can't tell a top without hindsight. People thought Dow 10K was a top.

You can sort of tell. When the price of something goes up 500% in a relatively short period of time it's probably not wise to buy and bet on another 500% rise.

Gravity.

[Peter_Spaeth]

Originally Posted by SetBuilder

You can sort of tell. When the price of something goes up 500% in a relatively short period of time it's probably not wise to buy and bet on another 500% rise.

Gravity.

Mebbe. I thought about buying a few shares of AMZN just for fun at 1000. Then I said to myself, this is madness, the numbers make no sense based on its earnings, not even for fun. Not long after that it was at 1300 and I did it just to spite myself. And now it's close to 1900. So you just don't know and crystal balls, IMO, are useless.

[SetBuilder]

Originally Posted by Peter_Spaeth

Mebbe. I thought about buying a few shares of AMZN just for fun at 1000. Then I said to myself, this is madness, the numbers make no sense based on its earnings, not even for fun. Not long after that it was at 1300 and I did it just to spite myself. And now it's close to 1900. So you just don't know and crystal balls, IMO, are useless.

Amazon is almost a monopoly. If they're not already, they probably will be soon.

You're cherry picking.

[Peter_Spaeth]

Originally Posted by SetBuilder

Amazon is almost a monopoly. If they're not already, they probably will be soon.

You're cherry picking.

And wishing I had picked many more cherries. But anyone can buy it, they have the same information I do.