Thursday, April 3, 2008

Nervous about SNE but still buying

I bought another 3% block of SNE today at $42.25.

In case you are considering following me on SNE, make sure you look before you leap. This chart really scares me.
http://finance.yahoo.com/q/ta?s=SNE&t=1y&l=on&z=m&q=l&p=m50&a=&c=

This article should give you pause as well. I don't agree with his view on the playstation, but I do agree on the walkman issue. The fact that he didn't even mention blue ray makes me think he is incompetent.
http://www.marketwatch.com/news/story/tech-strategies-gain-ibm-bullish/story.aspx?guid=%7B1348FB57%2DC81D%2D4C9A%2D8D5F%2D665828D751BC%7D

Feel free to call me completely insane if I buy any more before the price crosses the 50 day moving average. I'm not sure the 3% purchase this morning was a good idea. I think I should have waited for it to cross the moving average.

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