Price Is King
Listen to price, not to hype. In this age of information, it is actually too easy to find the information you are looking for. Let's say you are bullish on Facebook (FB) and struggling. How hard is it to go out on the Web and find five or 10 articles that support your bullish case? You point to those articles and say, "See? I'm right. It's going much higher. Facebook is doing all these great things, etc." You can probably find 25 articles like that. These are probably the same 25 authors who were bullish on the stock before the initial public offering and called for prices in the $50s and $60s.
If you are bearish on FB but didn't really get aggressive until it was under $30, you may find yourself hunting articles about how terrible FB is or how it won't be around in a few years. The bear amasses 25 articles all saying the exact opposite of what the bull holds. In fact, I saw several FB bears leaning on the fact FB changed all user emails addresses universally to a new default Facebook email address. How dare they? The stock is going to zero because they do things like this. Blah, blah, blah. They changed my email and it took me about 10 seconds to change it back. And as this news is making its rounds today, I see the price going higher. Traders don't care....445 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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