Thanks for a great post, Blue. my SI is real slow this morning, it took me about 15 minutes to log in, get to your post, read it, and write back. Ordinarily i'd read Bill before writing back about what he said; but it would take too long this morning! Got a feeling lots of people are on SI right now, doing DD, scribbling tickers down, drawing beads. Many wondering what's to happen next, same as we are.
Yep Blue, sitting in the catbird seat is a nice comfortable perch! Got the longterms riding and plenty powder waiting like you say, doubleplusgood! Kicking back, watching, waiting to push the button at the first fading of the BoomShakaLakaLaka. Right now sure isn't the right time to be on margin, gambling on how soon the next move will be going my way. I got all out of xaolx earlier this year in exchange for xgnetx, xlcosx, xcmgix, xinspx, etc.; "It took me to the dance" and i'd planned to get some more after this split, but not right after it! xaol'sx best price is the higher 60's after a lower dip IMHO, and that's what i'm waiting for. That's a more sensible way to trade it than buying it now in the 80's guessing on whether it'll go up or down from this point a little with twice as many shares again. But if i'd kept it for long term i'd be holding onto most of it. Yeah, agree right now it looks like it's sitting on the rail. It used to be one of The Big 3 Indicators along with xyhoox and xamznx; it's not anymore and of that group, xyhoox is the only real directional left. And that one's down 4 Friday on half avg. volume for the half day; others went up Friday on 1/3 or 1/4 volume, many were doing shenanigans like going up after sells and moving 3-4 points on nothing happening. Friday would've been a day when many of The Real Pros weren't around to gauge 'em, so Monday'll be a day to watch if some "corrections" have to be made around the WS workplace... yep "just say boo", like you say - that might be the boo, or if it's not then boo will be coming from something else before The Big M, If We're Lucky.
This year has been good, it's been a real edge-of-the-chair experience. Time to figger it up a bit early, yep, and have a relaxed holiday (very next phrase?). Being cautious whenever it moves south has been hard work with expectations lowered and many frustrations/disappointments, but over time that's given a nice percentage and what nice shares i got left have a solid safety moat around the capital inside.
Win/Win is cautiously playing the percentages, missing some extremes & getting others = the price of safety.
Stocks aren't vegas, even internet stocks aren't. Hedgers of shorts or TA or from "expert" advisements won't do it.
So thanks again for the coat-pull, Blue.
As you say, when it happens it'll be fast.
909s2All,
Joan
ps. that newslink was interesting but not a surprise, i still only place orders over the phone. It's good to know i could be at my brokers office in 10 minutes from here, just in case. |
