Friday, January 18, 2008

I CAN'T TAKE IT ANYMORE!!

I'm back to cash.

I thought I'd take advantage of a bounce this morning, so I took a few positions in stocks that had been beaten down over the last week. Apparently, I'm an idiot, because every stock that I had tanked. And then the whole market tanked--again.

It's time to get out and re-evaluate. I should have done that at a 6% loss, but I held on thinking that things would turn around. Maybe they will, but right now I'm making some foolish mistakes in a desperate move to make up my losses.

Maybe this time I'll wait for a real confirmation that the tide has changed. Until then, I'll just lick my wounds and try to figure out why I was so stupid.

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