I dunno, my market-timing ability is pathetic. For example, last February, I expected a huge dip, so I pulled back some. No big correction really came even though I think March was slightly rough, but essentially I pulled out a bad time.
So then March & April I put back enough to get to where I was. Luckily, I pulled out a lot (but not enough) before the summer crash - so many factors made it obvious (new shares were flooding the market, easing supply/demand imbalance, entering a slow newsbite period, summer swoons are a pastime for tech stocks, and all the free $ made early in the year had to disappear sometime).
I've been only buying since September (yeah, I was 2 months too early). My crystal ball is always foggy but I don't want to be so heavy in Nets come February. Until then, there might be a catastrophe to blindside but if so, it would blindside me, so I'm not gonna worry too much till the bell tolls in February.(?)
Nevertheless I took enough off the table today (but I trade infrequently, maybe 5 times per quarter) in a fell swoop this mornings I lightened on INSP, USIX, and EBAY (1/3 of my position in each because I couldn't bring myself to totally divest any one of my children entirely). Just a small part of my full position, but I want more cash (buying a computer + DSL @ $200 + $80 monthly too) but I still think these are great companies so I'm not going to sell all of it (USIX at P/S over 100 and making $-3.74 next year is a bit of a stretch now, but my cost basis is low - a 3.5-bagger for me so far).
- Netconductor.com |
