Good words SF, I take a slightly different approach. Basically laddering stock prices and selling as they go up. Now on a sell off like this I'm not selling because of my unique ability to pick a bottom and sell, so there's that.
However, I must agree with the Zen of stock investing. Now is the time to step back and follow your list.
You know I saw this coming, why? Very simply because my trading portfolio was 2% over the March high and I figured looking at the market and the stocks I own figures that since my stock holdings mirror many sectors of the market that it's absolutely inevitable that the market retrenches.
Another reason, I ruminated to no end on Wednesday whether I should bail and cash out my trading account in its entirety- Didn't because of tax concerns. That said, if that portfolio was in my IRA I would have bailed big time. That's a fact Jack.
Good buy on AAPL Elroy. It may retest today or next week, but I was looking for the same reasons perhaps at AAPL for the long term. Looks like if it breaks its downturn past 120.50 it could take a nice consolidating turn and strengthen. We'll see.
Incidentally I have been adding since last post, lower still into MA and others, but later on that info. But it's not time for me to account for those adds. Once I'm situated at my desk I'll report additional buys. Probably tonight.
