<<Started reading the posts this evening. About the two steps forward and one step back dance. To me if feels that i am taking these same steps, but doing so while riding on a downward riding escalator. I keep wondering where this Labor Day went to. Seem like one of those pay per view fights where you go and get a quick drink from the fridge only to return and find that the rally ended in the interum.
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I agree. Holding good stocks, I watched the rally from 3200-4200, then took a look at my "portfolio value" and didnt see squat...maybe even a loss. Then we dropped again down to 3500 or so I think, and I got completely whacked again. Then we made a nice little move back to 4200 or so, and my personal portfolio showed mixed results. A couple of winners bought during that time...lpth...ssti, but other, larger holdings got hit...like rmbs, sndk, intc, sunw...and pooof!!!....the gains from 3500 - 4200 were knocked out in 2 days. Bottom line is this...I currently stand portfolio wise at about the same point I was when we hit the low for the year in the 3200 range. We may be almost 100 points, or 30%, but my portfolio certainly does not reflect that. Somehow, someway, I just keep buying and selling at the wrong times.
Anyway, hopefully better times are ahead.
keith@patiencepatiencepatiencepatiencepatience.com |
