Relentless Selling… It's OK to Dip, Not DIVE!

Posted by Howard
on October 3rd, 2008

I dipped and I am covered in losses.

The speed of descent is as bad as I have ever seen. It makes sense because the news is as bad as I have ever heard.

It’s chaos.

History says the center will hold. I am sticking to my favorite ideas right now for continued growth as it will occur one day again. Amazon, Apple, Google, Amex, Federal express and Visa remain my go to companies as survivors and thrivers when things get better.

I won’t go down with the ship though. I have my limits.

Not a fun day or fun week. I covered most of my shorts and I TRULY AM ‘The Naked Putz’. But dont; say you were not warned back in November by Mr. Naked and his attorney about this coming meltdown:

I will widen by buys now as I own enough at good average that a rally puts me way ahead. I don’t want to trade, but I break my rules when the fear and loathing is thick.

Nanu, Nanu – Off to Portland with family and back in Phoenix for Kol Nidre next Wednesday and the fast. Than back to New York. Will be taking the weekend off the blog.

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