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Created on: 3/16/2011 5:42:33 AM Last Update: 3/28/2011 7:03:49 PM Posted by: RTT
WARNING: This entry is 5626 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.
1 POST
Be greedy when others are fearful, Warren Buffett
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 Remember the brake scandal that sent Toyota shares down hard in 2010. Has history repeated, or rhymed again. Once again Toyota motors (ADR:TM) are plunging, plant disruptions from the earthquake are costing millions each day. We are watching TM very closely, hoping the solid blue 1x1 line holds around $78 and forms a nice base of support. We do suspect that prices will fall further as we expect no Goldilocks recovery. It is on the watch list, you can never say never.
Trying to be greedy while others are fearful is an art not a science, and best done with no debt (margin) as well. Deep in the money options may be the safest play. Thinking !
Previous post discussing brake scandal and the Toyota sell off and recovery: BP and Toyota Motors bad stocks of 2010, maybe not !
Watching...
UPDATE: In the word of Marc Faber 2011-03-17.."If there is a melt down all bets are off".. You cant argue with that. Any sharp fall like we are seeing with TM requires a base before reversal so 'watch list' only.
UPDATE: I am fearful the N225 will have another plunge down as news continues to be bad, and TM wont be imune. The 1x1 must hold, if it fails, then short TM maybe the trade. Bulls maybe better off waiting for a base to form. Price action will lead us. (March 29 2011)
NOTE: Posts here are the lite version, more depth on each subject can be found via our RTT Plus membership.
Changes in the world is the source of all market moves, to catch and ride the change we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to ride the change, after all these methods have been used successfully for 70+ years.
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Investing Quote...
..“Stocks, like atoms, are really centers of energies.Therefore they are controlled mathematically"…."There is no chance in nature because mathematical principles of the highest order lie at the foundation of all things”..
William D Gann
..“If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong.”..
Bernard Baruch
.."Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected"..
George Soros
.."When I bet big .. I have a mind to own a position for years .. Yet you must have a ruthless objectiveness and open mindedness as to when the facts change to exit the position, if so within hours or days .. I have not used a stop loss in 40 years"..
Stanley Druckenmiller
.."Socialism in general has a record of failure so blatant that only an intellectual could ignore or evade it"..
Thomas Sowell
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We at readtheticker.com hold the view that a mix of stock chart technical analysis, Richard Wyckoff, William Gann and Jim Hurst methods plus market fundamentals allows the investor to formulate a very sound market opinion. These attributes are mutually inclusive and must be weighted equally before investing or trading in any Stock, ETF, Currency, Bond, Commodity, CFD or Mutual Fund
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