JQP,
Yes, selling stocks into this rally may leave a few bucks on the table, but I'm a little more concerned with the abrupt nature and size of these cuts. It's a shocker, to say the least, unless there was somebody hereabouts who predicted it. Are we (the economy) in a deeper pot of kimch'i than we've been told? This business is about 85% art, and no more than 15% science/cogitation/numbers, imho.
I sold ORCL at 31 3/8 today because I'm still of the opinion that I will own it this spring at 18 or 19. Cisco and Sun will be ownable at 25 and 18, respectively. It's just my opinion, but I'd rather own about twice as much ORCL for the same cash for some crazy reason.
The risk is, of course, that this is the big kahuna and I've missed it. Sheeeet, only January 3rd and I missed it already.
Good luck to us all, but most especially to me!! (I believe that's the closing line to "The Investor's Prayer.")
Regards,
Kb |
