The Iconoclastic Investor

To make better than average money in the stock market you have to do something different from the average investor. You have to be an iconoclast--thinking independently and finding the approaches that work for you, not blindly following someone else's program. In this blog I'm refining my own iconoclastic and eclectic ways of thinking. I'm not trying to convert anyone to my opinions or methods--I just hope to provide a useful perspective and inspire some other investors' thinking.

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Location: Albuquerque, New Mexico, United States

Tuesday, May 23, 2006

Bargain-Hunters Finally Emerge

The stock market was up strongly at the open, with the Nasdaq Composite up about 1%. The only stock I felt comfortable buying instantly was Intermagnetics General (IMGC), which has been badly beaten up in the last few months but was showing signs of recovery in the last three days. I bought 100 shares. Now I'll wait anxiously to see if the smart money just takes this as a selling opportunity and snuffs out the rally.

Posted at 10:05 a.m. Eastern time.

posted by Houyhnhnm | 7:05 AM

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