Wednesday, May 17, 2006

Still waiting

It feels good to be sitting on cash while the market collapses around us.
I'm playing a game of cherrypicking - trying to pick some stocks closer to their bottom. I'll never get the lowest price - the market could turn positive any minute, a stock could go lower after I buy it, etc.

I am confident that many of the companies I've identified (as well as a few others) will experience strong stock price appreciation. This is a major pullback and it's ongoing - weaker hands are being shaken. We will bottom fish to our heart's delight.

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