[GregWeld]

I hope everyone is ready with a little cash for the big sale that's on!

No question the market has been a little "hot" --- I've not bought anything of note for awhile now... and was sitting on quite a bit of cash....

I put in some limit orders today that got filled.

I put SOME money to work -- I did not rush in.... and I had predicted early this morning that the selling would accelerate at the end of the day. The market is subject to program trading -- and MARGIN CALLS which come at the end of the day.... Oh yeah buddy -- you trading out on margin -- it's going to be real painful as these folks are forced to sell at any price. I've watched this a zillion times..... I NEVER am on margin. You're just asking to get hammered.

REMEMBER ----- you'll never buy at the bottom --- it just won't happen because nobody knows what the bottom is and when to finally put your orders in. Just be selective -- use your best judgement - and if the price is higher than when the dust finally settles -- so what....

My advice is usually --- WAIT --- wait until the market stops going down and begins to flatten out or turn up. You're not going to get the rock bottom price anyway -- so waiting and paying up a little doesn't hurt the long term investor. I bought some stuff today more for flipping than for "investment" - but I bought stuff I'd buy anyway..... and I have my eye on a few more names that I'll just kick back and watch a bit.... and nibble at.

The stuff that's been the hottest - is most likely going to be the stuff falling the hardest on the way down..... Think about it -- some stuff is up 50% in a year or less.... lots of people are going to want to try to capture that gain.... and ALSO REMEMBER that for every seller --- there's someone buying... the stuff doesn't just fall in to a black hole. The market was down 1600 points and came back to close down 1175..... so money came in to scoop up those stocks.