Rushing Down to Beanie Land
My CAPS score has fallen over 80% in the past 6 weeks and at the rate I am falling, I should get my Beanie before the end of the month.
Since I am, for the most part, a small cap investor, I have been hit especially hard by "skittish" traders, in stocks that are easily moved by relatively small numbers of shares.
While I have been taking some advantage of these drops by adding to some of my positions, I have decided that for now, I probably need to just sit back and watch.
Looking at the graph of my score, it looks like I have already "fallen over the fiscal cliff", so will just spread my arms and try to coast for awhile.:)
While some of the companies I have invested in are "semi-speculative", most are not, and if we manage not to go into a full blown depression, I should do fine in the longer term, or maybe I am just whistling in the dark:)
Even profitable companies are being beaten down like they are bankrupt, so maybe we will see 2009 again, so the key is not to "panic sell", and self inflict a fatal wound, like many did then.
Good luck to all of you in your real life picks, and hope to see you later on the "upside".