Glenn,
You had a post this weekend where you stated that apparently you are the only one who is ever wrong. Allow me to join the club. I overbought in the days leading into the June 1 bottom, and have spent the last 30 minutes selling about 35% of my net shares into this small bounce. I was up 500% since last October,(after a compounding 50% per year for the previous 10 years), and 250% since January 1, but have slipped to 100% for the year, taking a brutal beating on aol, athm, ebay, rnwk, vert and cmgi in the past two weeks. That is enough. FWIW, I now have about 20,000 shares of various nets but am off margin. Time for a break from this level of speculation, and to just go into buy and hold mode.I cannot throw away the chance to retire within a couple years.
And I will be ecstatic if this marks the bottom. and it really should be, with interest rates stupid high, sentiment so negative and the nets set up for the pre e run. But I can't afford to be wrong, holding as much as I did. |
