| Oh I agree there is alot of money waiting to hit this market....i just think it's "scared" money right now....but, when we get a real rally, it will be one for the ages. So many shorts, so much money on the sidelines.......the thing is trying to pick the right stocks and right time to buy....we have had many rallies when everybody turned bullish, only to tumble back down....i do agree we eventually turn for the better...maybe that is happening now, maybe this is just another failed rally...only time will tell. I will say this again...if I was in cash, I would be buying select issues right now, not concerned with further short term weakness. Who cares where the stock price is tomorrow, if you feel it will be higher down the road. My whole situation is simply if I buy right now, it will be on margin...I'm not going that route again.As much as I'dlove to buy right now, I will wait. Now, if we continue to drop...if sunw hits $15ish, jdsy lower $20's...ntap lower $20's and etc.....then I will find a way to pick a little of this and a little of that up...but I will not push my margin % too high....I am currently at 27% margin as of yesterdays close in my trading account and zero margin in my full service account and ira's...although there aint much in the full service account or the ira's <ggg>.....have a few aol 03 40 leaps and some speculative stuff with my full service SSB. And SSB allows online trading for about $39 a trade, so I never even speak to my broker anymore....anyway, I am waiting to hear what sunw has to say after the close....part of me wants to hear good things a see a nice pop...the other part of me wants to see naz go down some more...as i said, I am not buying now, but I will if certain stocks keep getting taken down...so half of me wants this nightmare to end, the other half wants some stock on the cheap....as I said yesterday.....maybe my new name should be skitzo boy <ggg> |
