It Hurts!
Friday, June 9th, 2006The market has been tanking lately, and hard. I must have lost half of the gain that I made earlier this year! It hurts!
Lesson learned: do not resist to sell in order to save tax! USG went from 60s to almost 120 and now is back to 70s. I should have sold it in 90s when it clearly broke down the uptrend.
Lesson two: always stick to the winning strategy. No second guessing. Especially when it comes to selling.
On the other hand, UTSI is looking good relative to the broad market. Loading it up, heavily. Hopefully it will pay off.