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.
http://www.biiwii.blogspot.com
http://www.biiwii.com
