Wednesday, May 24, 2006

Third time is a charm

Another day of pop then drop. An early pop gives way to selling. Market losses are modest and many stocks actually have a positive day. However, the stocks I own were hit relatively hard, so no joy here.

The cliche is never to buy the first rally. What I often observe anecdotally is that the third rally attempt is the one that sticks after the first two fail.

I will be out of town for a few days and I will not be blogging. I'll be back Tuesday. Hopefully there will be more green than red by then. See ya.

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