Mike,
I responded to your post of Saturday but my browser crashed and I was too pissed to write it all in again. Basically, I agreed with some of what you said. You figure out which part <g>. Anyway, did a lot of DD over the weekend found more value not less in the market. Buying like mad this morning, quality DOES matter, or at least being in the right speculative play.
LSCP up 30%, Thanks I needed that Mr. Market. My RAMP is ramping back. Dumped several recent gainers to dive into GLIA and TGEN, missed the cheapest stuff, but will do OK. And I'm looking at wireless and optical networks, and some electronics stuff too, but not buying much yet.
Calls haven't come down for GLIA, sometimes I think options investors are smarter than longs, as they need to predict both direction and time for the market and issue. Me, I've just been very lucky in having a sense of what wanted to tank and selling off at least a portion of it. I'm buying some back cheaper this morning. I've limited losses to nearly flat in this rout by some surgical trading and rotating through other sectors and with a few Canadian wins. So trading does work for me, my "unmanaged portfolio" would be down about 20%.
Courage LTAB! Buy on the cannons! At least until you are out of money.<g>
RWR |
