Quote:
Originally Posted by AU Doc
I don't know about everyone else, but right now it feels a little like Black Friday shopping! I feel good about my investments at last weeks prices, so seeing them take a hit over the past two days just feels like a great opportunity to add to my positions.
It's fun to watch your market value go up-up-up, but I enjoy these pull-backs because it gives me an opportunity for some bargains.
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I had raised cash (selling in to strength) to a tad over 2MM ----- and yesterday and today wrote several limit orders to buy. Some got executed and some are open.... and I've bought some stuff at market just because I wanted to add to my holdings and the prices were "fine".
So I bought - over two days - 1MM -- and then sold a tiny bit of a winner and raised my cash back up to 1.44MM -- Because this isn't over.... I prefer to always be ready to seize on an opportunity when presented.
Some of my holdings are SO OLD (20 years - or 10 years - or 5 years) that I've been averaging UP nibbling here and there.... but I have NOT been buying at the top of the market for months now. I was happy with this bit of a blow off to put some dough to work. Interesting market -- but I don't think the selling is done.