- So, you have probably figured out by now that we are not a daily stock picking service, or even a swing trader newsletter. We mean what we say in our description, we are trying to do something new. Combining the focused investing approach of Buffet, Graham, Lynch, and others, and some of the technical analysis of trading, we are trying to create a trading method that invests in companies and people. Not rolling dice. Buffet is very clear that 5 yrs+ is the minimum horizon for focused investing, but even he will sell before then if the fundamentals, management or underlyiing basics change. Same here, although if our focused investing approach leads us to a short term gain, great!
- NYX may trend back down now. May be a great opportunity to get in in 90s again sometime in next 10 days. We are holding, but if you want to take some or all of your profits off the table, now may be a good time. No one can predict exactly what will happen in any market btw, but simple trend analysis shows a probability worth observing.
- Some of our open orders are getting close. We love when we are about to get some stocks on sale.
- We are going to sell Palm for a small gain. Long term, the new Treo 680 won't be able to compete with the new iPhone from what we saw today. If you have not checked out the iPhone from Apple, check it out and you will know why we are going to hold this position for a while.
- If you see us exit a lot of our positions, and then go back in a few days later, we are just playing the correction; if it comes, once again no one knows the future. The total yield of the portfolio will be higher this way.
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