Mark,
I guess you can say that I sure know how to pick em. (g)
However, if you recall when I submitted Intel for the contest it was the last week of January, and Intel was at $76. By the time the contest started on Feb. 3, INTC was up 10 points. Also remember that I originally wanted to enter IBM as a short when it was at $100, but you wouldn't allow shorts to be entered in the contest.
It has been very hard for me lately to make sense of this market. While I have been defensive for the last year, I unfortunately picked IBM and AOL as short positions for a hedge against my profits. As you know both of these have not worked out well for me, YET. The only company that I continue to buy, in recent months, is PTEC. I figure it just can't go below its cash value. But the way my logical mind works, that could be wrong too.
Regards,
Jules |
