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Friday, July 2, 2010

can not back away

While I value technical analysis, and use it quite extensively (as everyone knows), I ultimately guide myself on fundamentals and my understanding of them.

Right now, my understanding of macro-events is such that we will probably have a slow down. But, certain stock are being priced for a credit-freeze like situation, and that is not going to happen.

So I can not back away. Not with such extremes baked it. Not with such oversold conditions. Not with such value present.

I am heavily invested now. Do not plan on buying anything more unless I see certain conditions that make the hairs on my ears perk up :)

Happy 4th everyone.

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