I'll keep my eye on the stock, but last week it was like watching paint dry. That's OK, because I didn't go short and buy any of those expensive puts, on which I'd be down several hundred right now. I was prepared to try to make a little money on the upside, but the Christmas rally seems to lack conviction. There may be another little rally around inauguation time, but I now think the market will grind lower for a couple of weeks. Yeaterday I looked over some stocks to find candidates for shorting this week at less cost.
Sometimes you just can't be sure which way the market is going to move and one has to wait patiently for more compeliing indications in order to feel 60 to 70 percent confidence in a decision. Like Chuck Norris, I don't sleep, I wait.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment