Hello Steve,
Sorry to hear about Amgen, hope it turns around for you. I have been trading, and very slowly stepping into long call positions in 2003 and 2004 leaps on what I believe are techs sure to rebound nicely over the next year or two. There has been a few opportunities like this before and I have always kicked myself for not doing this.
From the trading standpoint I have learned a lot from Michail, especially regarding shorting. I like the concept of managing my account like a hedge fund with a mix of value longs and overextended, overvalued shorts. If you are interested in following along...
Subject 51138
...I've been following along for about six weeks now and have made some decent cash, mostly on his short picks. He posts his picks real time and posts daily recaps of his trading and portfolio standings. Nothing left to the imagination. Have learned a lot about shorting and am so impressed I am going to sign up for the two-month trial of his pay site for $75.00. Assuming things continue as they have, I wil likely become a permanent subscriber. As you might guess:~), other than Bernie Shaffers newsletter I have never paid for investment advice.
As for the stocks you still hold, I like many of them, problem is I do not see what will prevent US markets from retesting lows soon and would assume if they do Brazilian stocks will go down further. If you have the patience to stay with them, I would think most would pay off handsomely over the next year or so, but I got tired of watching these things drag my account down. I still hold a few shares of EMT (only because I thought it wouldn't take out it's all time low which it has) and miniscule amounts of some of the babies, but with my general concerns and the political situation in Brazil and threat from Argentina, I may sell them and buy back in after the dust starts to settle in late fall. I will trade TNE and a cellular or two periodically in the meantime. That's just my opinion and I hate to influence anyone these days as the minute I do, things go in the opposite direction. Stocks are pretty beaten down...perhaps the Argentina thing gets resolved and these stocks rally regardless of the US.
What do you think?
Great hearing from you Steve!
Best regards,
Steve |
