Yo! BerneyDude!! We're Rollin' in Dough, BigBoy!!! (^_^)
damn! We were doin' just fine in our Babette's BlueChip Feast, now our buy-levels are shot all to hell, and we gotta figger out where the exit will be! Could be tomorrow, for all we know! Between your ValueNose and my MagicLines, we did just fine, thank-you: turtles up +2.45% net today. So much for the death of the Blue Chip Bellwethers. When we rally - even in a down market - it's the BigBoyz who will bounce, you betcha.
Should we trail-stop ? We could dump the equivalent kapital-in, let the profits ride as some odd-lot number of shares, and re-load again on the next downwave; ie., classical accumulation.
>Can't follow CLX and SAP as I'm just following too many now.
Well cut some ugly grrlz outta your harem and let's put in some real comers. CLX has been stupendous, and SAP is the European DELL/LU DAX monster. AAPL will whup DELL this year (%-gain), methinks - and I sold my Jan99 AAPL 30 LEAPS when they went in-the-money in June :-(
This ~10% correction in the OEX - and the little bounce today - reveal those BigBoardBabies that more-or-less held up, and those that will Bounce.
There's no reason for us to follow commodity-based industrials, IMHO - and some of the Mach&Equip stocks... we're just picking bottoms there, and they don't bounce worth a damn - nor are they going sideways - so they're hard to accumulate.
Banks/Insurance/Brokers, Drugz, Retail/Consumer and TechStocks (10 Tech Sectors) - that's all I care about in this environment. When/If kapital equipment, petro-, paper-, metalo- ever turn, I'll put them back on my radar screen.
-Steve |
