I often buy stocks going into all-time high price levels. Nice being where there isn't any overhead supply getting dumped on the market! Volume picked up and I might add more next week, earnings estimates look decent. Who thinks I should pyramid the position every point up like Bill O'Neil did with Price Club shares (PCLB)? Not me, I don't need the risk.
A couple names had to be eliminated. I don't fall in love with stocks and am good at cutting losses. I have honed that skill over 45 years! They weren't doing what I had wanted them to do. Not that they care what I think, the stocks don't know I own them and wouldn't behave any differently if they did.
In the markets, pain is essential, and so is having a plan. My plan is to have my portfolio at an all-time high when the market is at an all-time high. I am comfortable that my plan is working.
I always have a plan, often my plan is NOT the market's plan.
Overall it was a good week. A solid week.
I had a funny thing happen the other day. I was on the phone with American Express talking to a customer service person who just happened to be living in the Philippines. She had no idea I could hear the loudest rooster crowing in the background. I told her there was a mighty loud rooster out her window!
We both had a giggle. It's refreshing to see our President, yours and mine, off to such a powerful start to his term. Thankful for his attitude and desire to make America a better nation.
If you feel so inclined, get in the mood and move your feet to this music.
Have a great weekend. Do something fun, get off your phone, read something interesting, eat healthy, and enjoy some exercise!
No comments:
Post a Comment