MG, Everyone is tucked into bed and it's play time.
Wow, what a whacky Friday! However, its hard to ignore that we had a break-out on both the S&P and the OEX. So, fellow dudes, what do you think. Was it a break-out or a fake-out?
Personally, I "feel" that it is probably a fake-out. However, it's hard for me to ignore that we are entering into seasonal strength (i.e., the first week of the month is generally bullish). I can't be the only one looking a potential break-out this weekend.
Well, I'm only about 5% cash now. However, a 67% concentration in one stock would probably violate the rules of diversification. <GG> We'll see Monday if it was an intelligent decision. As noted previously, I'm turning into an all or nothing kind of guy. However, if all goes according to plan, I will shortly be 72% cash.
TB |
