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I agree with Bob. Right now, we're all pretty disgusted with DELL's movement. I thought I was real smart selling mine at 44 1/8, sitting out a few days and then jumping back in near what I thought was the bottom (35 5/16). That was a few points ago. I am, however on margin with a fairly large position (2000 shares). If you read my previous posts, you know that my brokerage decided to change their maintenance requirement to 50%, up from 25% which left me with not enough cash for a margin cushion. Now DELL is an internet stock!! What a laugh!! I told them, "look, it has earnings, it can't be an internet stock" but it was no use. So, in other words, I feel your pain. I do think that we've seen the worst of this correction however. Generally when all the smart guys are on the verge selling out it usually means that we've found the bottom. Reading this thread today convinces me that the faithful are about ready to give up. That's when I bite my tongue till it is ready to bleed and hold. After all, the reason I have DELL on my watch list is because I don't mind holding through a market crash like the one that ended October 8, last year. Of course when everyone is selling, and my equity is shrinking, I have to remind myself of this kind of stuff because I certainly don't have pleasant thoughts regarding the market right now. Here's where the discipline becomes the key ingredient. Stay the course, it's almost over. MLJ |
