damn it nosedived from your suggestion for 180 points, are you just saying this to hold face? granted it bounced but can you show me on a chart why it is a buy? and not just a hunch? thx
You seem to forget how equity markets work. You don't get rewarded for staying out. You only get rewarded for staying in.
When you have decided you want "in" on a stock or ETF, there's no reason to go with a "hunch" or charts. You simply invest(on a regular basis). What happens on a crappy December afternoon should only matter if you're cashing out on that particular day, otherwise it's a total nonevent or an actual buying opportunity.
Why a stock may be a "buy" or "sell" is completely different for every individual. For example, Amazon, even at its current price is a mega buying opportunity considering what it can and should be in 20 years. For shorter investment outlooks it's a hold. My original comment about December lows being a fantastic buying opportunity was indeed my personal view which turned out to be absolutely true. I was not trying to save face. I was trying to express my delight at a dip in a market that I wanted to invest more money in.
While you were busy posting comments and links here during that period warning me about karma or asking for charts, I made minimal adjustments to my portfolio weightings and invested a few thousand dollars in some ETFs that I thought had dipped beyond reason. I had no idea what the future may hold, but I gave myself the opportunity to get rewarded in case the market bounced back. The rewards have been in line with what I was hoping (some of them more, some of them less).
I don't pick individual stocks btw. I'm not knowledgeable enough about individual companies to risk my money like that. ETFs give me the chance to own those stocks with reasonable diversity.