Wednesday, August 16, 2006
Relentless Buying
This is the type of tape that catches everyone by surprise. The bulls are up and don't know whether to take profits or buy more. The shorts, after hibernating all summer in their short positions, wake up to blood and guts all over their position sheets and are forced to cover. And, the guy with 70% cash is worried about buying-- after such an explosive move to the upside.
I have learned, through years of careful money management, to never second guess my instincts. My gut, along with the voices in my head, are telling me: "Broker A, the freakin' market is going higher---jump in head first."
So, I will continue to put my cash to work-- cause that voice in my head is never wrong.
If you can't figure out why the market is exploding, don't try to figure it out. Bottoms are never clear or announced when they happen-- they just happen.
My game plan is simple: milk the rally... then move to cash...re-evaluate.
Enjoy
I have learned, through years of careful money management, to never second guess my instincts. My gut, along with the voices in my head, are telling me: "Broker A, the freakin' market is going higher---jump in head first."
So, I will continue to put my cash to work-- cause that voice in my head is never wrong.
If you can't figure out why the market is exploding, don't try to figure it out. Bottoms are never clear or announced when they happen-- they just happen.
My game plan is simple: milk the rally... then move to cash...re-evaluate.
Enjoy