scstocks,
Unfortunately I hadn't hedged a thing. I was simply expecting a pull back since dow 8000 and nothing of the sort ever came. I had a wish list of stocks I was going to enter on such a pullback and it never came so I hung onto my shorts and played the bear etf's expecting the inevitable. Again, nothing that makes sense seems to prevail these days. The only real hedge I had was the that of the thought of an improving economy would ultimately increase my daily retail cash flow. Unfortunately this has not been the case either. As of late, I seem to be in a cut throat retail market with ever increasing costs.
My mistakes have come from giant risk taking over the past several years. One of those risks ending in a massive loss was in Cortex. I've lived and died by the sword since the dot com era and am too stubborn to think those type of jewels no longer exist. I had so much luck playing high risk empty companies back then, I thought I could continue that same mentality playing bio tech and energy. I've had no luck what so ever over the past several years. At some point I will reenter the staples and maybe dabble a bit in some high risk, high reward arenas but as for now I am simply waiting for a correction and praying somehow Cortex can get out of its own way and make something happen for its shareholders sometime soon. Any type of buyout 50 cents and up would offer me a nice chunk of dry powder to reenter the market during a time of crisis. So it's become a waiting game for me.
AI
