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Follow up on irrational exuberance

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Well, I did get my sell on BKUNA...
However, perhaps I am an irrationally exuberant investor. Why did I feel the need to make those trades? Seems to me that I wanted some action. I could see something about to go on, so I tried to capitalize on it short term.

Imagine, I have a million dollars invested, in just a handful of stocks and I want to go tweaking them. A far more sane approach would have me in like 20+ stocks with longterm prospects of doubling, but I already know that I don't have the time for that kind of research. But I find the time to try and time buys and sells in the middle of the day based on 5-10% gains. Kind of inconsistent, huh?

This is part of why I am an amateur.

Tuesday September 18, 2007 : 05:08 PM

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