Good Afternoon Dave,
Just wanted to check in and see what mess I wrote last night. I had been up for 2 days straight, was focused on my granddaughter and wanted to answer your post.
The market is doing a little worse than I expected this morning, especially in the optic area, but nothing like yesterday -- thank goodness.
I still can't decide what to sell. We do not margin and can't - Our money is in a retirement IRA.
When I listed all my possible stocks to sell, the total Market Value was $25K greater than the total loss (including paper gains) of those stocks. With a total loss around 55% on the group I am really anxious about what to sell. I was hoping to have a direct sell/buy; selling something with pps close to or at the price of what I buy. If JDSU comes in with great earnings with nothing the analysts can find fault with, this hammering on the optical sector should end. Couple that with a good GNP report tomorrow morning and we should have seen a bottom (what do I know).
You made great choices yesterday, all are at the top of my "best to buy" list and all with a fantastic business outlook. Tuesday, 80% of the sells were large block trades. Most of the sellers, IMO, are still the professionals and institutions; but with the drop today many investors are probably getting margin calls.
Unfortunately, we can't trade after hours and if JDSU blows away the street, the whole sector will soar before the bell tomorrow. Good for you, unfortunate for us.
Good luck.
Merry |
