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*AV*--A short message on some recent mistakes and events. We all dislike admitting to our mistakes or errors of opportunity. Since there is nothing to report worthy of note except that the "dip back into the pool" somment was timed real well on some of the stocks today. Anywhere from 2-5% was made, legitimately, if you got in on thwe open on some of these stocks.
However, I want to mention some mistakes and to alert certain investors. As can be seen on the list I published yesterday, I screwed up on IPEC and QCOM, both 3s (took the money and ran). Well, they ran real well today. For those that had the patience, which I did not (I wanted more CYMI and needed to cover ESLTF) you should consider taking your profits or locking them in with a loss limit, if possible. DO NOT GIVE THESE GAINS BACK. The third mistake seems to be taking VTSS out of rotation since it took a real good pop today. OH WELL!!!!! All I can say is that a healthy profit is better than a loss but a REAL HEALTHY profit would have been preferred(GGG).
For those that are not in the loop on MTZ, its big drop today might have something to do with its CEO being hospitalized and in ICU. He is one of the wealthiest Latin Americans and most likely the democratic heir apparent to Cuba should Castro get ousted. I wish him a speedy recovery but believe the 4+ point drop in the price today was an overreaction. He will get better and things will go back to normal. I think there is a 10% gift hanging around this stock within the next week as his condition improves and the market worriers are appeased.
The company is solid and so is the service they provide. The drop looks as if it had nothing to do with anything of substance except for the hospitalization of the CEO. Whatta you think, BOI???
Andrew |
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