The big boy at the Fed speaks once again. Let us see if there is another increase in volatility. Remember, irrational decisions by others can be buying opportunities for you. Right now I am still maintaining my wait-and-see attitude. Best of luck all.
Yes, but here is the whole story. I had sold out my entire position in May (was up about 100%) but then got back with a much smaller position in June (@$42.70). My current state of mind is that I will not add further to my position until it is below 40, but even then not back to my full position unless total panic selling sets in (low 30's? upper 20s?). I will not bail however since I am well into the black, sitting on the cash, and would still be in the black even if I sold my current (small) position at zero. Bulls make money, bears make mone, pigs get slaughtered.