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Strategies & Market Trends : Value Investing

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To: Madharry who wrote (32097)9/19/2008 4:28:49 PM
From: Grommit  Read Replies (2) of 78650
 
I was very nervous recently and I don't think that this is over. I got nervous and made few bad sales over the past week, but made some wonderful buys too. I sold some ACAS yesterday and today, and left money on the table. But I owned just too many shares so I do not feel bad about it. I still own more than a full position.

I was so convinced I was right about things in general (i.e. all my PE's were hat sizes) that I went a bit too much on margin. That is all over now and I am ready to buy again on a pull back next week.

My accounts were down 15% YTD two days ago, and now only -1.2%. It is great to be (essentially) at break even.

Like the gambler's prayer, usually mumbled as he heads into the casino, "lord, please let me break even today.... because I need the money."
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