Comments on Fund My Mutual Fund: Adding to Foster Wheeler on Earnings Miss

Thats too bad... I was hoping they would miss so I...

2008-02-26T17:16:00.000-05:00

Thats too bad... I was hoping they would miss so I can buy it at a lower price!!

Actually, you used a far better word, guidelines, ...

2008-02-26T16:06:00.000-05:00

Actually, you used a far better word, guidelines, than the one I've been using rules.

Or maybe rules is correct and I need to use the caveat that rules are meant to be broken!

I do have a general framework and patterns... but I think investing is more art than science. Anyone who sticks to things 100% is very rigid and I think destined to underperform. But I'd say for 80% of the time I do try to stick to some general guidelines which you picked out, but then bend those at time. Such in theory now that FWLT is below 50 day I should be selling, but in fact I bought more in the $66s. So I could just be a sucker for punishment, or like to break rules.

One more thing I remembered about the post on DBA - one great thing I like about DBA Is there is no earnings report! Heaven!

Common now, aren't these rules more like "guidelin...

2008-02-26T15:01:00.000-05:00

Common now, aren't these rules more like "guidelines"? Since they seem so flexible depending on the situation ;)

Speaking of which, have you ever made a dedicated post toward your trading guidelines (entries, exits)? We all know about your investing thesis, but the short term moves (trades) are slightly ambiguous. From reading your postings I've kind of gotten of an idea what they are; buy on pull backs to 50, *cough* don't buy ahead of earnings *cough*, > 200 MA, etc, etc. That is of course until you make random exceptions and rant about making breaking them afterwards :)