Weather is beeeuutifulll here is Michigan! Sunshine, blue
skies, 80 degrees. If I close my eyes I almost think I am
in California. ;)
Chuck, Andy, LT, and Sweet Julietoo
Chuck...thanks for the CC update! Definetly feel better about my 670k shares. WOW...looks like June 30th has now been set as a drop dead closing date. Mineseekers 900M thats F...ing unbelievable! BTW...definately do not support John's boycott of the candlemans businesses!!! hahahaha...roflmao!
have a little dry powder...may try to pick up another 100-200k shares tomorrow!
Andy...did you survive the winter? Still WAITING ON PICTURES!!!!! hahaha
LT...hope things are going well!
Sweet Julietoo...Where are you going for vacation! Better be somewhere warm!!! Thanks for putting up with us for so long!! LOL
Market is really making me nervous...thinking about taking some off the table and purchasing some real estate...any thoughts? Maybe a couple of rentals, or just a couple of lots!
We have been getting this really ... wimpy, threat of rain for a couple of days now, it's just kind of gloomy, not cold ... just very odd. Not to worry, we will be sniveling about the heat before too long!
Hey, I do have more shares than someone! lol!
Good to hear from you Jeff ...
Some guys on the shrub got the QASP CC up if anyone missed it earlier -
Family doing better...I think!! making some progress...but the road is long and winding!
have a great time in Jersey!
Was the conference call after market hours? Interesting to see what tomorrow holds. Clay does some decent TA, and I noticed he bought on the low point on the 12th. All I saw was heavy down days on really high volume, but he thought the candle for that day was capitulation, and I guess put in a buy with a tight stop loss. Hopefully, it'll explode for you guys.
I actually sold all my blue dog siri, longest I've held a stock in quite a while... was coming up on a year, but that number I kept throwing out, 1.08, was where I took it. I had no clue of the last earnings report at the time, had I, I would have been inclined to get out the night before... anyway, I sold everything in my IRA a little bit ago, and it's nice seeing it stay the same balance while the stuff I was trading has been taking a beating.
So, there's nothing wrong with cutting a little if you want to hold on to what you got.
Put it this way... you won't lose more on whatever you cut out - sure there's the argument that cash won't hold value, but I don't like seeing an account drop 10-20% either.
Now sure you won't gain more on what you cut out, but you won't lose more. It's normal trader psychology to play with losses and ensure profits... which means that people will cut their gains early to keep them, and let losses run wild hoping they'll again become profits.
Only you can decide what you want to do, but lets jsut say siri were to run to 0.70, which I think would kind of be a worst case scenario pull back during some market tankage, how much would you cut from your holdings to make that easier on the gut? If you do have profits, nothing wrong with taking some.
Regarding real estate - I have no friggin' idea, you're talking to a guy that is a postdoc in an expensive area, so that's never even been in my consideration... but I can tell you I wouldn't mind owning something tangible.
If all hell breaks lose, I wouldn't mind owning a bunch of little old toyota pickups that don't break down, I figure I could sell them one by one, lol.
just a market pic, and noting where the last "ban on short selling" was, again brought up by a very good market technician I follow. I also noted the resistance line, so it's kind of obvious why techies would turn around there.
Anyway, though the ban is in germany this time, you can see the effect it had here, or what it did to help a process already in place.
Interesting to see what happens.