Yeah, Baby, Yeah!
Oh, what a day! I have been very nervous that the market was much too sanguine about the FOMC decision -- if they raise, they're showing good forward diligence; if they maintain, yippee! time to rock. Win-win! As a contrarian sort of perspective, I was thinking a sell-off (short term) regardless of the decision. So.. I unloaded most of my trading portfolio, except for MFNX, GLBX, VRTY, and EXDS and a few recent IPO's (JPTR, QNTS)at about 2:00pm EST.
Oops, I was wrong! Market seemingly shrugged it off as conventional wisdom expected. I bought back into HLIT, HIFN, and COVD.
Buying in August and holding would've been a great tactical move.. NTAP 44 to 113; SEBL 50 to 124, VRTY at 44 to 95, etc. But, this is an ex post retrospective.
My thinking is getting more concentrated on the following: ASP, CRM, B2B and the infrastructure hardware to do it.
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