You knew this was coming. DS discussed it a number of times in March and the collective opinion was to ride through it.
Unless you're on margin, why let it bother you? Seriously.
Frank,
I did know it was coming, but it's one thing to know and another to experience it...it was unnerving to see the Nasdaq down 575 points in ONE day! And NTAP down to 45...for a moment, it made me wonder if all of those valuation naysayers were right. Actually, though, I've been serving the role of calming friends down who've called...telling them not to worry, to read the FM, that we're in for the long term. And, I'm not on margin anymore and have been relatively calm. It's just kind of fun to complain about it! Today was quite a ride.
Dr Id
p.s. I am thinking of buying more NTAP and QCOM on another pullback, but have a number of outstanding put positions...(i.e. sold some JDSU Apr 100 puts today), and it could mean going back on margin...think I'll wait it out. |
