I have made a decision that, in my IRA account, I am going to load up on a large quantity of small positions that have been completely battered this year. This isn't based on………..
- Any particular pattern……….
- Fibonacci levels…………
- Wave analysis……….
It's based on three simple premises:
- Generally speaking, over the next several months, I think we're going to stumble our way higher to the "ultimate" peak of this countertrend;
- During that time, the majority of these little stocks (most of which are around one or two bucks) are going to have very substantial percentage moves higher;
- A few of them will have significant percentage moves lower; one or two may even go flat-out belly-up, but the percentage gains on the winners will dwarf the losers;
Here are just a few of the items I am buying; make no mistake, I will be getting out of every single one of these early in 2009, but I think the percentage gains could be substantial:
For me, these are going to be "long term holds" which, in Tim-land, means a couple or three months.
