Back in this morning full bore. Looks like yesterdays irrational sell off put some easy money on the table ( I hope ). Most likely out again by the end of the day. ( Got it at 26 7/8, but not seeing the strength I expected here. We'll see.)
pk, I agree with what Patrick said here. I'm as bullish as ever on this stock, just trying to keep it in perspective in regards to the very shaky world situation. If I were a long term investor (ie day job, talks to broker once a day, uses Paine Weber and pays high commissions, only knows whats going on by next days WSJ, etc) I would be sitting tight and riding this out. However, I have time now I can play at my computer ten hours a day, trade with E*Trade for only 19.95 a trade, and watch the trade almost tick by tick. I have decided I can do much better than just riding out the ups and down of this stock. I sold out everything the other day at 29 1/2 as it became pretty obvious to me we weren't going to break 30 and I felt a drop to 26ish was pretty likely. Doesn't mean I got less bullish, but I've gotta take what the market is going to give me. Feel it is only prudent to play this market conservatively and take some profits when you get them. I've waited for the takeover news for a year now, so not holding my breath any longer. Besides, I still think we'll see early signs.
Still bullish as ever,
Steve |
