Wikinvest Wire

Friday, October 21, 2005

One Up One Down

As I have been here in NZ a few days now I have to say keeping tabs on the market has been fairly easy.

Since I have arrived I have had two broad holding have big moves in opposite directions. Stryker, the human replacement parts company is down a lot and Google is up a lot. The two come close to canceling each other out. I don't really assign too much emotion to either move. I have hard time thinking the long term demand for new hips and other things is really in jeopardy. I wish the stock weren't down but oh well. I have a hard time thinking the things are so different this week for Google than they were last week. I could see both names undoing some of the most recent moves that came from fear and greed.

This little divergence is a great example of a recurring theme of this site. I don't make decisions based on emotion. I do better using logic and common sense so I try to stick to it. So far so good with Stryker and Google.

1 comments:

tony said...

Relax and enjoy yourself, when google's done running it'll probably pay for your trip. Look at the chart from April 2005, the last time GOOG stunned Wall Street.

NAZ leading the charge, SPX/DOW soon to follow...ur missing the kick-off :)

tony

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