Suddenly stopping…from Belmar, NJ along the way to NYC. A question came up recently from a client… “we invested in the stock recently, and it went up nicely at first. But recently, the stock has started to fall. I’m not sure if we should close this position out… or should we just hang on. What… [Read More] Why Support Line Breaks Matter To Investors
We don’t make predictions at Mullooly Asset Management. And we rarely hold anyone else’s predictions as credible. So keep that in mind with this post. With oil recently trading over $140 a barrel, there is an article from the New York Times — that I think has been circulated all over the Internet — but… [Read More] Current Oil Price Predicted in 1998
Do you remember the television program, “Who wants to be a Millionaire“?The show was actually featured in a terrific book “The Wisdom of Crowds” by James Suriowiecki. If you remember, the contestants were given three “lifelines” to help them. The first lifeline was the “50/50,” where two of the four possible answers were eliminated. So,… [Read More] The Stock Market : Can We Trust the Crowd?
Most Wall Street recommendations to buy are based on projected future revenues and/or projected future earnings. Projected. Or you could say, “predicted”. Ever notice that a stock will begin to drop (many times without any news), and people will begin to ask “why is XYZ dropping?” Then rumors begin to swirl that something might be… [Read More] Cutting Losses Short Is Key For Stock Market Success
It appears that nearly everything written or said on Wall Street has an agenda behind it. This is just a casual observation I’ve made over the past few months. It seems that, in the last few months, the clients that happen to call me on an option expiration day…will often point out some “news” or… [Read More] Option Expiration… Irrelevant?
Is it true that high net worth investors focus only on generating the highest returns? No! The ultra-wealthy focus primarily on risk management. These people are not gamblers. The old line from Mark Twain — you should be more concerned about the return OF your money than the return ON your money — is very… [Read More] Not Losing Money is the Key to Making Money