Personally, I'm setting it out until end of January. If Fidelity feels good about 18% (I think) in cash, then why should I rush out any buy anything next week. I have a limited amount of money to invest and if I buy now, what will I do if we have a correction. I am far from an expert on the market, especially the way this one is acting on earnings reports. If a few bad reports come out this month it for sure won't help the market, if some good earnings come out then, we'll have an opportunity to do some shopping.
This budget deal is starting to bother me. The market does not like uncertainty and it looks like there's still no deal in Washington, what a crock.
I've been doing very little buying since around November, I'd been following a stock for a couple of years (WNDR) and believe in their products and personally think they have a wide open opportunity to expand with almost no competition. When they took a hit in December I bought on three different occasions, I think its a good company but they have had some management changes and thats the risk. If I hadn't the money to get in on what I thought was a good deal I wouldn't have been able to buy. After all look at Micron, I thought 38 would be a bottom, 33 is better, should I buy now, average down if they drop or wait ? I'm waiting. |
