Gottfried/Dabum:
The ARMS Index is still unscathed. Let the rally commence! Still, don't know if it is a Bear market rally or a new Bull, as Don Hays anticipates. But, I'm guessing were good for at least a month of gains. Washouts like we've experienced this summer just do not produce a puny one week rally and die. I'd had been holding out the hope for a retest of the market lows, but this time it looks like a "V", based on this weeks action.
I've got lots of tech positions in my IRA, some (QLGC) were up 30%, several others up 20%+. Today represented the largest dollar increase that I've ever experienced. That said, most of my purchases were at much higher levels, and I've got another 24% to make up before reaching breakeven YTD. Damn, had only I listened to Dabum's technicals before buying. The best thing I can do is try to learn from it.
But I'm with Gottfried with my taxable port. As I've mentioned before, I'm in the market for a house, and I have little tolerance for risk with this short term money. My courage to buy is weak. That said, I picked up some PHTN and ever-popular MERX today. Both are "catchup" stocks.
Warp |
