>>>First by no bargain hunters there to pick
up the stock, and then selling by people selling with the
market. After all, at this price, one point drop slashes their
holdings by a large percentage.<<<
You got that right. I felt pretty savvy buying back in at 5.50. Glad I bought lite, thinking to average. Now I'm just thinking, average my ass. I'll save that cash to pay for my extra helping of humble pie.
Wish I'd listened to TTF, who did warn me several times (Thanks for trying.) The next time I precede my analysis with a phrase like, 'this seems kind of crazy, but I'm going to ...' somebody just have me shot before I bet the family farm on a pair of nines.
I kind of wish I had reread my own analysis too, the one where I noted that 6 could be overvalued, not undervalued, especially in crisis (or something more or less like that.) A brief lucid moment, that.
BTW, speaking of insanity, anybody still not think the Fed was insane to keep muttering about raising interest rates with this kind of trouble looming? They are renewing their reputation of yore for doing exactly the wrong thing at exactly the historically most crucial moments. Note to Greenspan: Hey Al, the party's over. Do something.
Cheers,
Chaz |
