I have been adding (accumulating<g>) on weakness. I know damn good and well that in a year I'm gonna AT LEAST double my money.
I haven't been doing much trading at all, ALTHOUGH I HAD considered pulling a Spread or a Straddle on Assend after looking at the chart on Sunday. Woulda, Shoulda, Coulda........:-(
I could tell it was gonna make a big move, BUT I couldn't figure which direction. I've been using my cash to buy shares and LEAPS though, so didn't go for the trade. Oh Well.
I've gone more FUNDAMENTAL lately. With all the negativity and whining I'm hearing, I figure we must be making a bottom. Could even be seeing a "selling climax" this week. Keep an eye on the volume.
ALL the networkers are so damn cheap right now. I don't think you can go wrong buying ANY of them. I'm making a "basket" of them...Picking my favorites and holding on for the long run (6mnths-5yrs). I have LOTS of RoboCom, A good amount of FORE, and little bits of CSCO, ASND.
I will add to some of these positions when they show more strength. Looking at the 20DayXMA as the best indicator. When they close above the 20DayXMA for two consecutive days, I'll probably pile in BIG. |
