Buy Advice!

Well, the markets have kept on falling...

They've made a bit of a comeback this week, but finished on an off note. The last update, on 8/22, showed we now have a buy signal in the buy/sell advice column, which doesn't mean we are now buying any stock. There's a ways to go before we actually would get an actual buy signal. It is pretty significant, though. The last time the buy/sell advice column was on the buy side was June 2009.

This happened real quick, too. In July, the value of my account was within 85 bucks of selling off more stock. It lost over $500 from that update to this last month's. Cathy's lost over $1000. Her account went from almost selling stock one month to real close to buying some this last month. That is really unusual for AIM. An account has to move a bunch to switch around like that.

It seems Cathy's group is quite a bit more volatile than my AIM for Dogs account is. Her account was within $100 of actually buying stock in August last year. My account didn't even come close to getting a buy signal in that column. If this market comes under much more duress at all, I'll bet Cathy will be buying some stock - most likely some HP or Sony. Those two are really down.

If I was a betting man, I would bet that this is not the end of this downward slide. There is way too much volatility for this to be a simple correction. I believe we have quite a ways to go on the downside. Possibly come Halloween or Thanksgiving, I'm pretty sure we will have spent a bit of our cash on some new stock. Guess we'll have to wait and see...