Friday’s sell-off did not happen like I thought it would, but I have not changed my strategy.
I think the market still will go lower and I have orders in for some stocks about 5% and 10% below their current levels.
This is the hardest part of investing as you wonder if stocks will fall to your levels or whether they have already bottomed and that you are about to miss a huge rally.
When all this hedge fund selling is done, and I dn’t think it is yet, I think we will ahve a big rally becuase their is a lot of cash on the sidelines waiting to be invested in stocks.
I just need another 5%-10% drop in the market before the buying crescendo begins!
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