Fortunately I had to gather a down payment for a new hugely over priced house so I got up a ton of cash from 3/8-3/16. Couldn't resist testing the waters two days ago on NTAP, VERT and CREE. Lost a high percentage on a thankfully small testing of the waters. Spent about 6% of the cash I had hoarded and lost about 12% of that.Still holding them and expecting a near term bounce to recoup most of my losses. Held some LPTHA, NATS, ONSS, CICI,UIS and a few rats. Added CICI at 5 1/8 the other day. Hoping Nats will get back into double digits. All of these I am happy to hold patiently for a while longer. Even if they went to zero, I would lose only about a quarter of my gains for the last two months. I wouldn't like it, but I shouldn't jump out a window either. Should have created a bit more cash for the bargain sale I guess. Picked up some WIND in mid-30's. Looks like a good story there with MSFT troubles. Looking at LBRT, CHY, OPTV, SFA etc for NAB next week
Rande--I am a little unclear on your strategy with so-called long-term core holdings. You said you liquidated them all last Spring, and should have done the same this Spring, liquidating even the little bit that you held. I am in the same boat. Very fat and happy with my gains, but sorry that I didn't unload the 15% of my holdings that I held onto. How can you call these LT core holdings when you dump them in the Spring and snatch them back up in the late Summer? My worst mistake is that I fool myself into thinking that I can stand some pain and losses on my LT holdings, only to regret that I didn't let go of them in the end.
One more thing...I do feel that if I was skittish enough to siccessfully dump 100% of my holdings as quickly as that, then I would have dumped more in early January and late January during those minor corrections. |
