Monday, March 21, 2011

U Bullish?

I am not sure whether I am or not.  But they taught me in stock trading wiseguy school that you buy when people are puking and knee jerking.  This is sort of like a mini version of the hurl fest that took place in the precious metals stocks in Q4, 2008.

I don't need to know whether I am bullish on the U's because I bought these on a reaction low.  All are very profitable and I have not yet decided what I am going to do.  Maybe sell a few, keep a few?  Regardless, the lesson is to always try to have dry powder and always try not to be part of the herd.  That is harder than it sounds. 

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