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What a ride the last few days have been. A little bit frustrating from my perspective, having gone from a $10.02 valuation down to $9.66 in two and a half days. So what are my current thoughts?
My worst performer has been CROX, down over 17% since I picked it up. When I bought it, I had written that time would tell if they had finally hit a wall, well it looks like they have, but I'm not jumping out of the ship on them yet, let's see what Monday looks like.
On to TBSI, they'd been moving up, and had been a good performer for me up until the current slide, and I should have taken my gains and gotten out. Instead I waited until today, they've been giving up ground and all the indicator's have turned on them. I'm not saying that I might not get in on them again before the contest is over, but I'm out for now.
I've taken some other hits recently, but I'm starting to see some changes. Both LMT and GD had been down since I bought them, but have been up nicely today. CAG, GYMB, and HSY have all lost ground since I've bought them, but I still like them and expect to see a turnaround soon. SBUX and WBD are still in the positive column, although WBD has been giving up serious ground, I'll be watching that one closely.
ICE is down about 3% from when I bought it, and I don't like the signals I'm seeing on it right now. This may be a candidate for a Monday sale.
Overall, I'm 63% invested now, with 37% cash available. I'll be doing my homework over the weekend, watching how the asian markets do, catching the euro's before Monday's start, and seeing if all the central banker's actions have had a stabilizing effect on the markets.
Watch the trends and plan to be moving appropriately.
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