Zacks highlights commentary from People and Picks Member «horsedentist».
For more Voice of the People, visit http://at.zacks.com/?id=7872
Except for a Flash Crash Timely Execution is Critical.
Wyatt Earp was not even close to being the fastest gun in the West but he executed flawlessly. I know I’m nearly helpless during a flash crash within seconds thousands of dollars are gone out of my account. Over a longer time, stretches like during the fall of 2008, I was afraid to look at my 401k like others were. That was a very costly mistake.
I’m a much more active trader now and I know losses will come but quick action can reduce the damage. There were a few days during 2011 that within hour’s major damage was done to my account because of events in Europe or an earthquake. I’m retired but sometimes I work as a consultant which means working in the “field” away from my computer.
I took some defensive action this year and became mobile. I’m not good with phones they are too small for me. I bought an IPAD with wireless capabilities. There are other ways to be connected but the most important thing is: more damage is done by doing nothing than making the wrong stock picks.
The most recent picks by «horsedentist» are:
A sell rating on Ann Taylor ([url=http://www.zacks.com/stock/quote/ann]ANN[/url]),
a buy rating on Team, Inc. ([url=http://www.zacks.com/stock/quote/tisi]TISI[/url]) and
a buy rating on YMI BioSciences ([url=http://www.zacks.com/stock/quote/ymi]YMI[/url]).
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