You are not alone. The market is not moving anywhere lately,
and the boyz are just feeding off the traders in a very narrow
trading range. They get spreads and commissions. Better to
stay out than be sorry. Today they had the bulls, Yesterday
the bears. I'm getting tired of being had, so I am out
currently, but overall my sense is that we go lower, this is
distribution. With gold I hold a reduced position in stocks,
full in the metal. Having some cash, waiting for a reasonable
dip to buy if one is coming. I think it should, but if not, I'll
just buy a breakout. One of these Fed meetings they will
probably announce an expansion of QE, and gold will run ... a
lot. It may even happen in June. Kinda what I am afraid of...
missing da train. It's supposed to trade down during the Summer,
but the Fed may as well screw up the dip. Oh, and I would stay
away from PALM, but that's just me. Was looking at it as
a possible short, if and when. Rally on new product, very
indebted with negative book, banking on sales in a market
dominated by Apple and Rimm. Most importantly, increasing
losses. -g- |
