Yeah, we could have made a buck, twice, on that QQQQ. Now is losing 1.60 when GOOG pseudo-warned in AH. It is a shame not to use stop loss and not to cut it when market bounces never stuck. At least it is a 3% position only.
QQQQ is husband's pick. I dont do QQQQ. I prefer the tech companies with 1/3 cash in their stock prices - there are quite a bunch of names in this situation, including CSCO, ALTR and other semis, as well as the wellknown AAPL.
Forget about biotechs - with Obama's policy, all healthcares are killed.
1/2 of our 4% CDs from Wachovia last year matured. Luckily we dont have to rely on CD income to live. We survived the previous 1% year (forgot which year 2002, 3 or 4?). It just means we would not have much surplus when no CD income.
All people I talked to about CDs in 2007, did not listen to me at all... I am sure they all wish they have at least some of their wealth put into CDs.
What? brokerage CDs still yield 5%? You did not buy it recently, did you?
I dont look for fun in doing small trading portfolio - I look to make some pocket changes - but that requires some disciplines and realize what type of market we are in. In bear market, you buy slow and sell quick. We got caught this time because we did not sell quick - wishful thinking for a bounce as market seems so oversold, and at one point did show some positive divergences. However, this is not a garden variety bear market, and with all the news constantly coming out from Washington, it is very difficult to trade.
I should have stuck with what we have been doing - doing trips to keep life interesting and not got tempted by the market.
Talk about trips, we did a Mexico Riviera cruise in first week of Feb, have a trip to Bay Area in 3rd week of March, and a 6 weeks trip to Asia Pacific between May and July. Last year we spent 75 days out of home. This year before August we would have reached that amount, and I know for sure, there would be some trips between August and December. Husband wants to take a trip to Galapago Island when he saw a good sale a few days ago. So we are keeping life quite interesting, but the greed still sucks us in to play the trading game! |
