Gone almost all cash again ... that's it for January.
Never since I've been investing have I had so many up months in a row. It absolutely, positively cannot last. What goes up must come down. The next time I'm buying will be when the board is a sea of red, and I don't expect to have to wait long.
One of Tim's biggest disservices to those who believe in him (and there is certainly nothing personal in this) was his blind-spot toward the Internets. I could make a great living just playing EPNY, VIGN, KANA, CMRC, FMKT, ICGE, PPRO, and a few chosen others. Up and down, up and down. In fact, from now on I may just play the NAZ biggest dollar losers each day among the Internet thoroughbreds. Even though you don't catch the absolute bottom, you are guaranteed to be rewarded within a day, or two, or three, as they go back up again. This is guaranteed instant gratification. Maybe someday CS will really do something, but it will probably amount to less for all those months than you can make on the Nets in a day or two ($70 today on VERT! Bye, see ya on the way down).
I am not trying to boast here, because this is far from being rocket science. Duhhhh. If I can do it, anyone can. It just seems to me to be the easiest living one could imagine. But your do have to dodge the periodic NAZ and overall net corrections. I feel one in my bones right now.
J.C. |
