Joel,
Agree 100% on the bloated pig theory. Some may come back with the ltb&h theory, but bottom line is I think it's best to at least take profits occasionally for protection. Yes, 5 years from now, qcom may be much higher, but I still think we would all be best if we learned to take some profit occasionally. When Qcom was at 150, cmgi 200 aol 100 and etc, I should have been selling at least some, if even only small amounts. Instead, the greed factor took over and I, like most others bought instead of sold.
I also agree not to sell too soon, but at the same time, I have no idea "what too soon" is anymore. As I said, I am slowly lessening the load. Sold the last of my sndk calls into the rally, sold half my vign calls, sold all my qcom calls except leaps. Everything else I own is covered, except for IARC which I am trying to accumulate. I kind of want o be in a position over the next 2 months where a major drop wont hurt too bad, while at the same time, if we go higher, I am still in the game. So basically, I am staying off margin and staying away from the bloated pigs.
INTCfan - ......can you say that ten times fast ? <ggg> Seriously, it could be that what we get is a series of headfakes, simply because everybody is sitting waiting to sell, and waiting to buy back. Who knows....
Keith@tryingtosurvive.com |
