Well, I have to admit that I had a no-lose situation last night. I'm from Michigan and have rooted for the Lions for decades. But I prefer the 49ers now (they went 13-2 my first year here, when can the Lions say that?) and they needed the game more last night. I'm holding out hope that they can catch the Falcons as I'd like to avoid the Packers as long as possible in the playoffs.
In the same sense, I felt that THQ was a no-lose situation for me the past few days. If it goes up, I win, if it goes down I can buy more and replace shares I sold in the thirties. I've been buying again today though another of my orders at 27 1/16 was too pessimistic.
As far as the market goes, my pessimism is waning and for the first time in a month I have no shorts and am 200% long. One reason is that stocks have come down a lot, another is that I think the Clinton thing is overdone. Another reason is the latest study that shows the biggest gains of the year have come during options expiration week. In fact, if you take out all twelve of those weeks, the markets are flat for the year.
But the biggest reason I'm mega-long right now is my overweighting in the video game sector. The companies are having a great season, plus the PC Data and TRSTS reports come out very soon. I'm heavy in the companies that I think are going to grade highly. Particularly THQ.
My thoughts,
Marc
PS--the nice thing about the Lions going 4-0 on national tv before last night is that those were the only games I've been able to watch! |
