Thursday, July 31, 2008

Limping Home

My policy on gifts: don't return them. So after having bought a big fat chunk of MOT yesterday and turning on my laptop this morning and seeing it up 8%, well, you can guess. Sold it quick. Took the 8% gain instead of waiting for the 12% gain. Fuck it.

Also sold LLL too quick before it ramped another buck. As much as I try to hold my winners sometimes I lack the discipline to do so. What is there to say? I love to take profits and in the current market environment gains vanish quickly.

July has been a roller coaster. Up huge until this week when I got hammered, I'm now limping toward the finish line. The (somewhat premature) final result: I win again (in unspectacular fashion). Fine. I'm just hanging in until I get that fat pitch right down the middle.

UPDATE: MOT up 13%.

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