I bought (NOT Facebook). Couldnt say no and noone can 'time' the market they say. I'm in at a comfy price. Sit and wait now.
I absolutely detest that advice. That no one can "time" the market.
Professionals do this ALL the time. Sure, often you'll be wrong, sometimes VERY wrong, but experienced investors use the macro economic outlook to help them move in and out of assets at critical points.
If you go back and read this thread, you'll see than even an idiot like me can make some pretty decent calls and be right more than 50% of the time about major market moves.
As an uninterested investor, you probably are better off just averaging in, but by investing 10 hours a week in keeping up with the business/financial press and current political events, you can make some nice calls.
Fire0nice228 wrote:One of my spec biotech stocks has a big FDA thing in July.. hoping it goes fantastically.
I've learned the hard way that biotech is one of the riskiest sectors in the market. Tread VERY carefully.