Taking a loss on Yahoo today of a point. It was a good gain gone bad (was 29 and I though headed to 40). That would be a good country song about stocks :) .
“Mama dont let your good gains go on to be losssses…”
Such is life. Too many good ideas to waste my time and precious capital waiting for that turnaround because that is what it has become. My bottom fishing reciord remains spotty at best and I apologize for those that traded on my opinions, but get over it already! I will revisit when the trend turns and the stock passes 30 (maybe).
Market is soft and I think should and could pause for a while – maybe most of October. If I was way long I would be looking at hedges.
Instead I am writing shows for Wallstrip (daily plug). We should have some great outtakes and tidbits showing up daily, so just subscribe because I only have 15 more days to keep reminding you. Juyst get the damn show in your feedreader already!
PS – A quick seasonal technical roundup from Lehman’s Degraaf for you market gamers. PDF click below:
degraaf – october.pdf
I was thinking about yahoo the other day. It seems the only thing they that works is finance, mail and my yahoo. What do think about this scenario: myspace killing my yahoo, google killing mail and finance doing just fine. Yahoo is linked to Microsoft. I have a hard time accessing their stuff on my mac. could be trouble if the trend keeps up?