A time and place for everything and this isn’t the time or the place…
It’s slippery out there again today and my little “hey, it’s less than 1% today” statement didn’t last through the Ruidoso lunch time. You guys know what my stance is at this point — letting the markets play this phase out a little bit more. I bought more when the markets were lower last week and I don’t like the way they’re trading just now, so I’m not going for force any new trades. I am working on some new ideas for both some new additions and some new hedges. Reading, making notes, looking at charts and analyzing balance sheet data, calling my contacts in the industries and on Wall Street and doing all the little things that hopefully add up to keeping us one step ahead of the trends.
Easy does it for now, at least as far as trading is concerned. A time and place for everything and this isn’t the time or the place for making big changes to my positioning.
