June 28 is a good time to buy John Deere stock

[Hillbilly]

Thats when my 2 year warranty expires on my JD 4400.
/w3tcompact/icons/laugh.gif

 

[rancar]

In today's stock market, I'm not sure if any equity security is worth purchasing. General stock market technical indicators still overbought by considerable amount.

 

[Hillbilly]

Dollar cost averaging is the way I buy mutual funds,I quit even thinking about the market,it will come back,if it keeps tanking and I keep buying, the more I can buy at a discount before the market ever comes back.

 

[rancar]

Hillbilly...

Dollar cost averaging only works when the market is trending higher. Sure you can buy more shares in a down market but you'll never see a profit if the market continues on its downhill path. Dollar cost averaging will lower your breakeven price...but still, where's the profit in this.

Me thinking dollar cost averaging is the mantra that the financial pumpers used to convince people to buy in a bull market. They still use this mantra but rules have now changed in a bear market and I'm not sure this rule works any longer.

A big question you have to ask yourself is how far down is it going....that is the major stock indexes. I think of poor souls who bought JDSU at $140 2 years ago...now $2. WCOM shareholders same thing...now around a buck. Many of these big techies have gotten cremated and I still remember on CNBC how the 'analysts' (I use this word with extreme reservation) were recommending these issues when they were well in double digits.

Me thinking market timing is the way to go in a bear market until proven otherwise.

Bob

 

[Hillbilly]

True you only win if the market goes up,when you loose is when you sell when it is low(no brainer duh),the market has had major declines down through the years,but it has sooner or later always come back to new highs and it will this time as well.It might be a long rough ride this time,I would not be suprised if it is another 2 years before it gets back to 12000 on the dow as for some of those stocks you mentioned,I know they took a hammering,but your big stocks like GE/RD(Royal Dutch Shell) Coca Cola will always come back and eventually reach new highs.I am in the market for the long haul,I do not worry about the market nor do I trade a lot.I buy some good funds and stick with it,I like to read what Peter Lynch of Fidelity and Warren Buffet have to say...these are the 2 most succesful investors I know of..know what you own and know why you own it.I might look at my portfolio 2 times a year and thats it.Dollar cost averaging has always for me rather than trying to time the market,and I if you read what Peter Lynch says he will tell you the same.

 

[rancar]

I respect your viewpoint on this Hillbilly and have nothing against dollar cost averaging if it works for you. But, I'm more a trader than I am an investor....have always done better with my short-term trades than my long term investments.

<font color=blue>I like to read what Peter Lynch of Fidelity and Warren Buffet have to say...</font color=blue>

I believe Peter Lynch will be on Louis Rukeyser's show on CNBC this coming Friday night. You might want to catch it.

 

[Hillbilly]

Hey,
I respect your view point as well.....I always liked to make a post here,if I am wrong someone will surely tell me and maybe I can benefit from it.

Thanks a million /w3tcompact/icons/laugh.gif