Me, too. Sold my ST long trading position today, and still have pending limit orders to sell, at 50 and 55, what I bought last Fall at 30. I'd buy it all back, in the 40-44 area.
Although I think the bottom is in, and the fundamentals get better from here on out, I also think that, at the end of a 2-year-long Bear Market, investors have become conditioned to Sell The Rally. Which means there will be lots of backing and filling.
Also, at these valuations, I really can't see the stock taking off (I mean really taking off, like it did in 1999). Since the valuations never got that low, the upside is limited, in this upturn. Which gives me some confidence that I'll be able to buy back, at significantly better prices.
And we still haven't seen an upturn in bookings. |
