Needed some down time and with the early 4:30 Sox game I figured I'd relax a bit, next thing I know 12 innings and i'm half asleep.
Nate, you have every right to be frustrated as it's hard to make money with all the restrictions. But if you can keep your emotions in check it'll help you out greatly.
You're not able to keep averaging down YET so you are either in a holding position, or if you aren't comfortable and think something else has a chance of moving quicker, take the loss and move on. Nothing at all with taking a loss if you make better use of the money somewhere else.
We simply took a major pummelling the morning that I said it was going to be a monster day for us. If things had gone our way, gold would have been back over $990 and we'd all be happy. Now we just have to hope we can get a reversal to get out from underwater, but we all KNOW that eventually we will.
How bout the next couple days you stick it out in your positions and see what the conference call has in store for us. As for loading up in QMNM, I would definitely advise against that. Too many unknowns even though they SEEM to be knowns. How many shares do you have again???
1 comment:
Morning.
GM should take a healthy dive today IMO. Ford came back with horrific earnings as usual, and the dummies who were gobbling up GM shares this past week will probably come to their senses...
Europe down about 1% across the board, so fingers crossed for a bounce up w/ SKF.
Gold looks flat this am so far - would LOVE a bounce in oil and gold - even just an oversold bounce!
Post a Comment