Use access key #2 to skip to page content.

Roshamboed, and liking it!



May 16, 2012 – Comments (5) | RELATED TICKERS: SLW , LUK

I feel really good about being in my current position. At the present my holdings are being roshamboed but I don't mind. In fact I like it. For the first time I have cash on hand, five months worth, and see some excellent deals amongst my holdings due to the worrisome market.

Right now I am not looking to pull the trigger. I think it is best to wait a while longer to see how things shake out as the mess in Europe takes shape. Unless I see an opportunity I can't refuse I'll hold out until the middle of June, maybe as long as August, before I make any purchases.

I wish I had been in this position just before the crash in 2008. I've learned my lesson.

Are you in a similar position? What is your take on the mess in Europe? How has it effected your investment strategy?

- Cato


5 Comments – Post Your Own

#1) On May 16, 2012 at 1:02 PM, Frankydontfailme (29.49) wrote:

I'm in the same position although I'm not waiting as long as August. By June this will all have shaken out.

I don't care about Europe yet. The western developed world is a train wreck in slow motion, emerging markets aren't much better. All priced into the s & p though. A couple years from now when everyone strongly believes central banks have permanently saved the day we'll have the real unravelling. 

Report this comment
#2) On May 16, 2012 at 1:09 PM, dragonLZ (76.20) wrote:

What mess in Europe?

Report this comment
#3) On May 16, 2012 at 6:57 PM, walt373 (99.88) wrote:

Net short right now. Not betting against the S&P though.

Report this comment
#4) On May 16, 2012 at 11:36 PM, HarryCaraysGhost (62.11) wrote:

HA,HA,HA lovin' the title.

I sold a bit at dow 13,000. Not large by any means, but I've got close to a grand to deploy at my leisure.

Report this comment
#5) On May 16, 2012 at 11:55 PM, HarryCaraysGhost (62.11) wrote:

^ note- what I sold was not viewed as long term holdings. Just a cash grab. (felt the need to clarify :)

Report this comment

Featured Broker Partners