Jim
"If I buy Friday we can be assured the market will have capitulation the next day." Exactly what I was thinking, and posted, when I bought back in Tues. pm after being in cash for the past 2 mo. And was convinced of my bad mo jo Wed, am when Tweeter warned and dragged down one of my buys, BBY--along with another negative opening. It, and my others, actually did ok by the end of the day, led by JNPR. Manana will be veeery interesting.
I know I should have a firm sell strategy, already in place, but I'm conflicted. My problem is that I believe that BBY, SNDK, ESST are positioned to make a sustained upward move over a longer period of time than I've been typically playing. Plus, I also got in now on the basis of my belief that it's time for a relief rally, which might be relatively intense, albeit perhaps shorlived. JNPR, OTOH, looks to me like more of a ST play, and I'm up over 10 %. Still, got to try to remember--singles, singles. .
Jim |
