Originally Posted By: Warstud
Is everyone sitting on there hands or what?
I was thinking the same. I've only had one dud in the last little stretch. Naturally all my energy plays are doing killer. My little investments in Canadian tar sands are cleaning up.
More or less yes. Doing well on the energy and other fronts. Did buy Weatherford on the dip due to accounting tax error. Just trying to play hype/fear there versus fundamentals... will see if it helps or hurts.
Dow futures down about 225 points now. Cash is king at the moment IMO. There will be some nice buying opportunities once the selling stops and the pros start buying again.
I took a decent chunk of cash off the table the last two days. Sold any energy stock that was up 25+%, and some other stocks that were up over 15%. I may lay low for a bit - kinda like this thread. Need a break from the market.