February 12th, 2010
Hello, everyone. I haven’t added new posts this week because I don’t see anything new happening in the market. This week could have seen an uptick but the trend still appears to me to be down.
Rather than buying stocks long, hoping to pick the bottom is a losing strategy. Step back, make use of the opportunity of higher prices to continue to lighten up, use the short bounce as an opportunity to put on some hedges.
This is when patience pays and haste makes waste.
Check back again and you’ll see an update soon.