Sarmad, True, I am not "too" worried, but the selloff of 18 percent this week ,makes me wonder exactly why so much. It is true that LSI has had a good run since last March, but so have many other stocks in the SOX. The selloff this past week of 18 percent brings it back to the level of 8/15 where it closed at 9.59 - so the past week has basically "wiped out" 5 weeks of gain. If there is anyway to avoid this loss, it would be good to do so.:)
< And the October - the bear killer - is neigh.>
That's true as well, but we still have a couple of weeks to get there. Depending on several factors, of which we are probably not aware of at this point, there may be some more substantial selloff. Let's see - the SOX dropped 8 percent this past week, maybe it can drop another 8 to 10 percent in the next 2 weeks.
I am looking for a "good" entry point to pick up on the expected rise this fall, but I don't think I have to hurry to put my money down tomorrow.:) Maybe in 2 to 3 weeks. If I am wrong, I'll be left behind again, but that's allright - I will just bide my time until I feel comfortable that we have started back up the left side of the bubble again.:)
Don |
