When you are losing badly.....Don't Panic...Sell your losers and buy Hot Mini Caps!!
I got hit massively hard today... Lost as much money this month already that I earned last month.
So? Do I panic? No! I quickly sell off AMAG and BBY (sorry Best Buy, maybe later) and I focus real hard to find some stocks that can recover my losses and have long term potential.
I got 3-4 stocks that I believe will do just that.
It's simple.... When you are losing badly, don't panic, just break out the wolves!
That's why I am going to buy GREY WOLF!
And since I am hurting and in need of a get rich quick scheme... No better scheme that digging for some Gold right? Gold is going up? Why not? Therefore.... I am buying:
GBN Great Basin!
That gives me GOLD and OIL DRILLING which are sectors that are skyrocketing this year and are recession proof. So.... What's next? Did I forget a sector? You bet I did. I forgot Agriculture!
Great Stock Picks for Agriculture are:
This stock is a monster stock but it's a long term monster. You won't earn big bucks quickly but you can't go wrong with PORK prices rising and this company looking to expand in China.
As soon as they find a way to expand in China.... WOW! Look out! It's safe to get in while the water is warm.....
Also for Agrilcuture:
It's fertilizer... Nuff said.. Prices on Fertilizer Chemicals are expected to go up for the near term future. This company dropped from its 52 week low and this DIP is a good opportunity to dive in.