Wednesday, February 13, 2008

Buyers waking to reality of overcorrection? Or just another bear rally?

My gut has told me for the last month that the sell-off of tech was overdone. Hence my willingness to hold onto most of my long position in such brands. But just to be honest and fair, I don't know any better than the guy on the corner whether today's action was a sign of a wakeup call or just another short rally going into options exp day tomorrow.

I came >>this<< close to selling off a small chunk of Apple this afternoon, but then decided to go ride a stationary bike for an hour and see if the urge would pass. It did. We'll see what tomorrow brings.

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