Chief,
I actually have sidelined money. Not much, but a lot for someone like me. 1999 (RIP) was very kind to me.
After doubling in the first 2 months 2000 with some very aggressive moves that paid off, I saw it all disappear. It's also ironic that BCE (old bluechip phone company, how droll can that be?) was the one that I timed (both entry and exit) correctly and allowed me to at least say that I'm up 12% this yr.
This is a nasty market, I placed some small bets in the usual companies I like, and they did not turn out the way I expect. After all that, I figured that I'm going to take a small break from heavy buying and selling, to just watch. I still have small positions in two companies. They both did ok today, but I'm 95% cash.
I am ready to jump back in <G> if the bargains become irresistible, or I get confirmation of a true recovery.
...And this time, I swear I'll sell <G> at the peak and go away before the real one comes.
My philosophy of stocks used to be like the theme from "Rocky" but now it is encapsulated by this phrase from this neat song, "You only dance on the surf for a short while.... You know you want to dance forever, you know you never will, (you know you never will).".
:) |
