No offense Rande, but just to stop future accusations of bending the rules, the original post,
Message 12443573
created a more balanced portfolio with $10,000 in each stock. The gain on that is 14.7% so far this year... Not bad... 5.8% today...
Having a similar day myself. NATS is my only laggard, but I am staying with my core position. However, I have sold into this rally, ICGE, CMRC, LQID, HEAR. All of the swingers I have picked recently. Holding some swing WIND...yesterdays press release was very exciting
biz.yahoo.com
Added some LU, UIS, ANCR to long portfolio yesterday.
Going to take some profits and put them into FUSMX, FUSSX.
I am getting defensive as this all reminds me of April 1999. Quick sharp selloff followed by quick rebound to old highs and then a slower more nasty selloff that had some legs. Not saying that this is for certain. Just have a sinking feeling so far.
William has noted that NITE is a good indicator. I was really disappointed in NITE this week. Great news both Tuesday and Wednesday led to nothing. Is all good news priced into the market? Is market just waiting for some bad news to catalyze a nice correction. I might add to the old adage Profit Often that you can never lose with cash. I plan to have some around for any bargains. |
