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calm and peaceful during this market crash

(2010-02-04 11:34:05) 下一個
Even though I have margin positions, but I am so calm this time. The beauty of investment is invest and wait, this kind of mentality will calm you down. Trading and guessing, back and forth will ruin your thought process, that is if you have a serious thought process. Investing in stocks, you need to distinguish luck and skills. For that, you need to engage in critical thinking (looking at how you come about a conclusion, and examining the thought process that brought you to your mental destination).

Last time I said it is a buy for mbi when it is at 3.7, today I will say it is time to buy fmd. Now it is at 2.1, right on 200 MVA. fmd is my largest holding now.

Loop is going to report on 2/10. I sold majority of my holding at 9.9x. I am looking to buy some of them back before ER. I am not betting on that this coming ER would be definitely good, I am thinking a good business will have good ERs, it is a thing sooner or later. I just do not want to miss it in case it is a good one. Just like I want to be with my good friends through good or bad times, The final reward would be huge if it is really indeed a good friend.

Promising business: TASR and NUAN.
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