DannyUpshaw > Blogs

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As of: 12/02/08

Member since: May 07

geez...

I don't know about the rest of you guys, but my meager  holdings are getting hammered this morning.  I'm glad that I freed up some cash yesterday.  Might try averaging down more.  I think my small caps are especially vulnerable to the market instability.  They seem to be dropping for no explainable reason.  CRNT, for example, is down 8% this morning.  No bad news has been released, so either bad news is coming or institutions are bailing on small caps for more secure investments.  (??)  Who knows...as I've said before, when the market is bad, lots of good stocks get beaten up for no good reason.  Whatever the case, I view the current market as having lots of bargains, so I'm gonna just be patient and wait a little while...freeing up cash on rallies and buying back in on the big dips. 

 

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Edited by DannyUpshaw at 10/07/08 10:20 PM
1 user tagged it: CRNT
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Will Profit

Member since: Mar 07

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retired
Age: 90's
UNITED STATES
Will Profit
I may have to buy more cartons of Marlboro and cases of Miller beer to help prop up my MO holding.
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boca_bobby

Member since: Jan 08

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Age: 40's
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boca_bobby
I think we're all in that boat with ya! It's tough out there.
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ReformedPatriot

Member since: Feb 08

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ReformedPatriot
Yes, I feel your pain bro. I put it to my roommate like this: The market is a bi-polar 2 year old.
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ReformedPatriot

Member since: Feb 08

5 Day 13.09%
15 Day -7.99%
1 Month -24.14%
3 Month -54.86%
6 Month -35.14%
As of: 12/02/08
Trades 19
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Blog Posts 11
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Age: 20's
KY
ReformedPatriot

Wanted to add that my most stable stock is the one that is worth the least. SOYO which has been holding at 70-72 cents for pretty much a week now.

Danny you should check that company out. I think it's a solid company. Earnings are coming out on the 27th I think. 

http://studentstocks.blogspot.com/search/label/SOYO 

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