More trouble in Dodge, SFAM getting killed..."oh well".
Lots of crazy talk on the MRVC thread from Mr. Pink, who I didn't think was a phony. Claims they're cooking the books, sales force jumping ship, etc. etc. Sustained FUD assault, probably unfounded.
More cool stuff from FCSE!! Buy more??
biz.yahoo.com
Fortunately, the portfolio is about 30% in cash right now (assuming imminent sale of IFM.T)...a good place to be in this market.
I'll be away for awhile, and have now got the portfolio updated and plan to send out the e-mail update to all who have requested it, probably tomorrow.
I'd like to sell MPACT Immedia to clean things up a bit, hope I can do so today...but waiting to see what develops.
This is an important time to watch the markets for signs of strength or resilience in stocks you like...but when it comes to the momentum stocks "buy on dips" is the wrong move. If I liked a stock like XCIT or GNET I'd just wait until all of the speculation was knocked out of the price. Possible buy ranges would be: $30's for XCIT; $12 for GNET.
When the dust settles, LATER, one can look at some stocks that showed signs of support (possible examples: FDX, CPQ, APCC) and buy some for long-term growth. APCC is one of my favorite companies. Their little power box protects my computer! |
