Posted by: ll_ll February 4, 2010
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The only important thing on a day like this: Capital preservation!!
Maybe there is still more than few percentage point left in this correction but time to buy again is just right around the corner. I had half my money invested at -5% a week ago, thanks to ~200 points gain in last few days, I am still a couple of percentage points up. I think my portfolio can still sustain a couple more points to break-even at which point I would be going all in.
I know days like this are hard for everyone but lets keep our chin up and discuss some stocks that got hammered unfairly and are a bargain at current prices...
Maybe there is still more than few percentage point left in this correction but time to buy again is just right around the corner. I had half my money invested at -5% a week ago, thanks to ~200 points gain in last few days, I am still a couple of percentage points up. I think my portfolio can still sustain a couple more points to break-even at which point I would be going all in.
I know days like this are hard for everyone but lets keep our chin up and discuss some stocks that got hammered unfairly and are a bargain at current prices...