As the market wavered, then dropped, then climbed, then held steady, then fell down, then popped up....I decided to sell that little stock referred to in my previous posting. Made a nice profit, not a huge profit, but a nice profit. Of course, as soon as I sold it, it went up another 30%. Emotions of lost opportunity wash over me like a sickness. But I hold to the old maxim that you'll never go broke taking a profit. This has been a good exercise and has reinforced these two beliefs:
1. Fear and greed are overwhelming strong emotions and nearly impossible to control once you let them out of the box
2. Active market trading takes a lot of time and energy, and is generally a losers game.
The market has been climbing steadily as I watch. Job losses mount and the news is mostly bad, except for real estate whose descent has somehow slowed. I still fully expect the market to tumble again and present new buying opportunities. I'm thinking by June there will be carnage once again.
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