I’m selling off our shares of BGU that we bought a few days ago between 44 and 42 for $49.12. I believe we will have a trendless market for the next several months and that in this environment trading individual stocks is far too difficult. Indexes are the way to go when you have a reliable trading system.
With the trend of the market down I don’t have quite the patience for a bullish trade like the BGU so I’m happy to take the profit and look to go short again in the near future. Making money on a short term bounce is terrific but one must be extra cautious since the prevailing trend is against you.
Like many of you I was saddened by the death of Steve Jobs (reading from Twitter on my Ipad), he has been a true titan of American industry and ingenuity since the time I was in college. I’d have to rank him along with Edison, Ford, Rockefeller…but with a heart. Will Bill Gates, when his time comes be remembered with such appreciation? He had such a unique life made especially extraordinary due his being adopted and the realization he had a sister in his mid 20’s, I can certainly relate.
MNF finally gets some sense and cancels Hank Williams Jr and his “Are you ready for some football?!” What a tired act that was
Sold BGU