Thanks for the compliment-- I try to keep things fresh ... that said, I'm happy I wasn't holding anything on margin going into today-- this has to be one of the most dramatic corrections I've seen, ever...!
Anyway, if the price of commodities are going to zero-- at the very least, the perception of zero-- I'd better focus on trading elsewhere, and leaving what I haven't sold as long-term positions. No point in panicking with everyone else-- I have yet to make money doing that.
Bot a few tech names this morning after the seeing the 20% move in Freescale on buyout speculation. Who knows? Maybe the consolidation in mining was calling the top, and the consolidation in semis is calling the bottom...?
Nortel (that total piece of crap) finished up 5-1/2%
This morning I bought a three names-- BRCM, GLW and FDRY-- I'm up on all three as of the close-- will increase the size of my positions once there's confirmation of a new upmove.
BUT...!!!
I will ditch every last one of my tech stocks to raise cash when I start smelling a bottom in commodities.
FP........................................................
