- We may get SAIA yet with 1 or 2 more days of weakness.
- 61% of NYSE stocks declined. A very weak market today even after markets tried to make a rally early.
- This is setting up a perfect scenario to make some nice returns. A few more days to weeks of weakness and we can get some good deals. Remember, summer weakness is not rare, just sets up even nicer returns for those who do not get scared away. Stick with it. Remember, we have managed positions through a few weak patterns in market (March most memorable), and this is the first summer for The Limit Order.
- Portfolio Psychology: Don't check you portfolio more than once a day and you will stand less of a chance of pscyhing yourself into selling in weak markets.
- We have some great new picks setting up and have already triggered, but we think there will be a bit more weakness, then we will alert.
- If there is another point or two of NYX weakness we will Average Down. It has been a while since we have done that, but that is our favorite thing to do. When the stock eventually turns around and heads where we think it will, our returns ($ wise) will be just that much higher.
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