Wednesday, September 30, 2009

Izzy revisited

I think it's getting very close to the time when this C wave should start to accelerate. Many investors and traders are going to lose their positions prematurely as this progresses. In that vein of thought and in an attempt to help everyone avoid this mistake I think it's time we revisit a little Izzy wisdom.

"You can’t make big money, unless you think big money." Others have said it as well – you can’t achieve that which you can’t conceive. In the world of investments, if you can’t imagine something happening, like a stock or a commodity going up many times in value, then it is highly unlikely you would buy and hold such an item if it did, in fact, go up many times.
- Izzy Friedman

Think silver...and miners!