Monday, October 01, 2007
4th Quarter starts off with a decapitation, now what?
In my experience, the beginning of a quarter is very important, in order to set the tone. Without doubt, today's rally is just the tip of the iceberg, barring a really bad set of economic numbers.
With my money, I have done nothing. Sometimes the best strategy is to do nothing. Let your winners win and hope for your losers to wake up.
Now, don't get me wrong, I do not endorse holding losers indefinitely. However, if you have done some decent research and feel the stock can work, give it a shot. Buy more on declines.
Often times, beaten down stocks, with good fundamentals and high short interest, can turn into major winners, like RIMM, AAPL, EBAY or even MVIS.
All good companies go through periods of duress. The key, of course, is to identify a mistake in how the market is pricing a particular distressed stock.
As you know, "The Fly" has a list.
So, to wrap things up, just chill out. Grab a fucking glass of Scotch and drink yourself into an Irish stupor, instead of over managing your bullshit portfolios.
Methinks SPAR is going to $22 slowly, but surely.
No idea, but I'm not very happy with the volume here, given the general market. Still positive, on balance, but weak.
I lightened up a bit last week, as I think I announced here.
Don't know if you're any good w. the photoshop, so maybe you give this to Danny to do (and maybe he could animate it!).
Can we take that Mr. Belvedere pic you had and do a Robespierre on it?
Links to this post: