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Sunday, July 28, 2013

Somewhat of a Change of Heart

Well, I was wrong. I admit it. Kind of.

The thing is, the market is still booming.

I've decided to play it safer now though, as although all kinds of companies are beating estimated earnings and consumer sentiment is the highest it has been since 2007, we could be going straight into another trap.

I bought shares of PDFS,


A high growth company that stands out to me because of its EPS growth, PEG of less than one and absolutely no debt to equity.

I believe that there is a bright future for this company.

But to even out the fact that I just chose a small cap stock, I picked a large conglomerate to even out my risk.

I also bought shares of Berkshire Hathaway.


So that's about it.

I'm looking to exit out of my position at least after a month. I want to see how much the economy heats up as time goes on.

And I want some of that action.


Feel free to comment.

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Friday, July 12, 2013

Update

Well, the market obviously hasn't gone to the hell I thought it would be going to... yet.

Right now it is fair to say that the market was on a bit of downtrend, but has very obviously come back in spectacular fashion.


I'm expecting for the upturn to continue as the daily chart for the average shows that the averages were down on midday but have come back due to investor's bullish opinions. The MACD has also very recently crossed into bullish territory, so I don't expect things to come crashing down.

I am still all in cash right now.

Which is somewhat good, somewhat bad.

I have avoided much of the volatility that I may have undergone because of staying in the market.

But as I have said before, from July to now, the market has roared back into good standing.

I won't be buying back in though, because that would be stupid to buy back into the craze of the market coming back. I would may as well find that this is the turning point again.

My strategy for the near and long term future is to wait.

I'm going to try and stay with cash right now and hope to find more hidden gems like I did with REGI and BBSI.

I don't want to go into large cap stocks because I only bet on things I am completely sure on.

I am not (and no one is) completely sure on the market direction.

-Kevin

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