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Saturday, June 16, 2007

A bump in the road

I have to admit, I was pretty discouraged by the recent dip in the market. My TTM and GOOG were flying high...both were up about 5-7% in just two weeks...and then it hit. TTM is now down 9% and GOOG is holding on to a +5%. Being an idiot, I had not put a trailing stop in place for either stock ... violating one of my fundamental rules. If I had put the trailing stops in place, I would still own GOOG but I would have sold TTM at breakeven...costing my 9% at this time. I am not worried though...I still like my Indian friend and I have confidence that it will come back. I will definitely put trailing stops on both Monday morning though...enough is enough.

And way to go Intel. Posting an impressive 4.4% gain on Friday and up 25% in the past 3 months....I guess it always helps when your only real competitor falls on their face. The interesting thing is that AMD has done that in the past and INTC stock has gone nowhere....but I guess they are so overdue that people are finally starting to buy again...instead of just holding. Anyway...way to go.

3 comments:

CherkyB said...

Intel stock has been way up ever since you left the country. Coincidence?

Rob said...

Hmmm...maybe it has to do with moving talent to places where they can actually make a difference? You should try it ;-)

CherkyB said...

I keep checking here for insightful analysis of the "Bear Stearns hedge fund meltdown", but I don't see any.