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09.16.2009, 01:54 PM
You never know with these stocks. I've been bouncing all over the place, but have a good run going. Almost one month ago (8/17) I was in 15th place w/ barely over a Mil (maybe less than,) by the end of the week I was in 5th. Standing over 1.7M right now, if not 1.8M on a couple little nudges.
The stocks I have are pretty volitile (not as much as some as the OTCs) but everything has been on a tear since July (and really since Mar.) The people who sold out of their 401ks in the begining of the year are going to be hurting later, so much has come back to reasonable levels. Luckily I had alot in cash in my (real) accts and I was able to move a lot into equities at the right time. There are things I wish I would have done a bit different, but its really hard to have not make money this summer. I'm not making crazy returns like I'm sure more daring and more experienced people are right now, but I've more than made up for any loses suffered last fall while not getting too risky. Some people are going to walk away from this like bandits. You gotta be a bit wary w/ the run ups, but so much was oversold it can come back along way before even coming close to where it was in 2008.
My PNX has been taking off like a raped ape today, and so has some of the oils and others I've had. The trouble right now if figuring out what is the best ride on up. Way more opportunites than $$, OTOH I don't want to blunder into something too high on euphoria.
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