Cube,
As far as the overall market...I put my wife's 401K into treasuries 6 weeks ago. She was 100% stocks before then. I stayed with stocks just in case...100%. On Monday, I'm putting my own 401K into treasuries...100% (actually, 40% short term and 60% long term).
As for my brokerage money, I have shifted completely out of short term trading and entirely into long term "buy and hold" mode. I am currently long CADE, TFCE, ELGT, MTON and AAIR. All are NOT for trading. I covered my short on ABTE and, actually, have little desire to establish any new short position (but then again, I haven't done my weekend perusal of the usual 1200 charts I eye each weekend).
Y'know, the strongest recommendation I've made all year has been AMZN. That was when it was a presplit 52. From what I've gathered on the thread, NOBODY here bought it. Sheesh.
When, in the distant future, my grandchildren ask me where all my money came from, I'll tell them, "Once upon a time, there was this $3 stock with the symbol ELGT...".
Telecom is the strongest sector going forward IMO.
Doug R |
