We’ve worked long and hard to build our portfolio so that we…
The markets and most stocks are down. But they’ve bounced from their morning lows and aren’t panicked any more. Still more than half the trading day left though, and I’d imagine we’ll have some more intraday swings and volatility before the fat lady sings…er, the bell rings.
And even as the markets and most stocks are down indeed, they’re not down as low as they were recently when we were more aggressive about scaling in a couple weeks ago during those crashes. And that’s got me waiting for now. I’ve shot some bullets at these levels already and we’ve worked long and hard to build our portfolio so that we don’t have to force, panic or chase when the markets are down like this. We’re down little overall in the portfolio today, as we’ve got a couple longs like Sandisk and Apple in the green along with some of our shorts working well too. For now though, I continue to hold my positions steady and let the markets throw some new pitches.