I agree with #168; I have been thinking along those lines for a while. (Damn, a caller on CNBC said he had about 20K in the market and something like about 200K in cash. Gopher it dude, bargains galore, cuz he is only 29.)I'm not sure yet if I will sell everything, but I raised some cash in March and again when I bailed out of LU at 55, thank you very much. In theory, I had a number of positions which were going to bring me cash for Oct., but they didn't move during the summer. Oh, well, I'll lengthen the time frame for the trading. I don't think GBLX is a core holding for me, at this point.
I think the biggest thing for me is to get more confident in my gut feelings and follow them more. I saw some signs in March (besides the usual market oscillations)...my totally lifelong market naive uncle wanting to flip IPOs, and an article on daytrading for housewives in Good Housekeeping had the voice saying "bail, bail", and I didn't. Ditto when I was thinking that INTC had become too overweighted, like 15% of my port; too many people were probably accurately saying where it will be in a year or too, so I didn't take a profit on some like the voice said to do at 75.
Gotta listen to your guides, Kid
Getting ready for the rains...bring in the firewood, had to stain the new deck, was able to do some road work after the first rains, when holes would pack in nicely. Some erosion control stuff on the creek, and the road association is repairing our bridge which was rotting out...railroad flatcar with rotting timbers, so we are going to concrete in the steel framework. You know, that sort of stuff.
Hang in.
Wharfie |
