Excellent post...or rather, story. Thanks again.
FWIW, take a step back from the market and get some bearings on the weeks ahead.
The overall market is in for some rough sailing...both historic trends and immediate
factors. Lots of uncertainty out there about a lot of things, and the recent run will
probably have a tough time staying even through May. The disaster in the Gulf is
going to get worse and worse and worse and it's going to weigh on EVERYTHING. This
isn't the Exxon Valdez, thousands of miles away in Alaska. This thing in the Gulf could
end up coating every inch of shorline from the Yucatan to the Florida Keys...the
potential impacts are off the scale, and as the days go by without a solution, the
despair is going to grow.
Strangely enough, pinks are a very nice place to be when the proverbial s*** hits
the fan. We'll see some bumps, but we'll probably be pretty much immune from
the market swings. We've got a huge winner here, and time will prove this to be
a very very wise investment...which is how I see it. My position in Citibank was
speculation, but this is an investment...
So keep the expectations low for the short term, and just hang in there. We're
going to be just dandy in the long run...
the fade
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