I took small positions in two junk stocks, (Iom and Indi), this week to feed my cravings for action. I have decided that I will no longer try to time the market by trading in and out of the high quality issues that I own.(Cpq, Intc, Msft, Sap, Lu, Csco, Ge and Sch) I left a lot of money on the table by playing around and lost positions in Txn and Dell recently. No more will that happen. Long and strong those big guys from now on.
My plan is to trade Iom in a flash with any earnings run up. With Indi, I will sell 1/2 my position to get my investment out and let the free $ ride. Psql, another one of my speculative holdings, is a keeper. I'm going to hold that one.
See Uncle El...I think for myself:) |
