Tuesday, October 19, 2004

10/19/2004 - Notes

EPD - In a trading range.
PIR - $16.33 stop price. Down today but some big buying at the end of the day.

There was an interesting article in the WSJ last week. Peter Lynch had bought into a stock recently that "tanked." Some individuals piggybacked Lynch and bought too. However, this stock lost much of its value because of a scandal. So, some of the individuals are broke because they followed PL blindly. This should serve as a reminder that there is no easy way to make money in the capital markets. Think for yourself. You may be impressed with the results!

I am keeping an eye on a few individual stocks. There have been some sell offs but nothing moving up fast. Be patient, an opportunity will come.

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