Kovich, that was an edumacation whose bill almost came due. Snappy crappy thoughts of seeing 20 before 40, danced through my mind yesterday, & like many, last nites sleep came in fits, when at all. We were in for mayhem, but... which way? How in the heck are you supposed to play in a market that is trading on pure emotion? Myopicly focused on anticipated stellar earnings, resolute & focused on MRV fundamentals, I did nothing & walked straight into the market quicksand. Yesterday I felt as if a zombie being delivered to some macabe' Halloween sacrifice. Lastnite was a real gut check, an economic equivalent of 'the dark nite of the soul'. A bit o'prayer superseeded a bit o'panic, & I basically decided that the best action, was nonaction, doing nothing. Todays midmorning calvary charge, led by Big Blue(bless their kahunas),along w/the gazillions of individual investors, was beautiful.
Sounds as if the internet was a nightmare way to trade/purchase today for many, the 1 time I logged into Schwab, it was slow, did not accurately portray my acct. info. ect...without adequate info. it would have been hard to act/react responsibly.
The more I think of it, having MRV release on such a day allowed my to doublely stay focused on the fundamentals & not get caught in the muck! That may have kept me out of trouble. Great conference call & looking forward to some very strong earnings in the 4th. This babies gonna be rockin by Jan 98'.;-)
Congrats to Sector on his 'cherry' day trade!;-)
Regis |
