The Deipnosophist

Where the science of investing becomes an art of living

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Location: Summerlin, Nevada, United States

A private investor for 20+ years, I manage private portfolios and write about investing. You can read my market musings on three different sites: 1) The Deipnosophist, dedicated to teaching the market's processes and mechanics; 2) Investment Poetry, a subscription site dedicated to real time investment recommendations; and 3) Seeking Alpha, a combination of the other two sites with a mix of reprints from this site and all-original content. See you here, there, or the other site!

30 May 2006

Quickly, briefly...

This sell-off in the markets not only re-asserts itself, but it worsens and thus likely deepens the location for the ultimate low. I retreated to cash weeks ago, and remain there. Trading positions prove ephemeral: AAPL, MRVL, and SNDK were each sold long ago; RACK likely soon. (It will most probably double-bottom, assuming the bullish resolution of this budding pattern.) Investment positions linger, as always.

New and interesting opportunities repeatedly crop up; however, the market is in buzz-saw mode -- it chops down everything within sight. Do not allow the market's many (bullish) feints to gull you; continue to trade carefully, diligently, and with close stops - as I warned ~3 weeks ago. Who knows how low, 'low' truly is...?

-- David M Gordon / The Deipnosophist

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