With wild volatility whipping stocks around, it is a very difficult environment to make any moves. The best bet for now is to wait for the market to settle down, establish a trend, and wait for leadership to strut its stuff. The charts above of failed breakouts illustrate this point well.
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Jan.6,2009
Hey, Peter! Nice talking with you last week. I did get a hold of Dave, & he mentioned you were online; didn't realize you were investing full-time on your own now. Great! /// Shorted WuMu last June, crude oil in July but couldn't ride it down since I was in Japan for 3 months; returned the end of Oct. I placed a short postion on USO yesterday; maybe a day early. We'll see. /// If we leave for Japan out of LAX in April, I'll give you a call. Otherwise, come visit us in Seattle. Peace, Tom Y.
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