... at $15.11, then decided... wait, maybe I shouldn't have done that and bought back a smaller position amounting to 1/3 of the original investment at $15.25. Now, I am waiting for it to potentially retrace and will decide at the 52 week 50% Fibonacci retracement level of around $13.92 whether I want to buy more or wait for an even better price. If we're going to see 2009 levels once again, it's better to be cash heavy rather than live a woeful trading fantasy. One look at the 5-year S&P chart, with its scary looking potential triple top formation, and you'll know what I mean.
As it is, I'm about 82% cash, but since I love buying tops, if a turning point should happen, then tomorrow should be a good indicator and I want to at least be able to ride something if Q4 turns out to be bullish.
Due to an appointment later today, I may not be able to blah in the afternoon, but will be back tomorrow for Non Farm Payeeee Day! You'll have to wait till then for my report card...
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