Friday January 23, 2008

At the end of 2008 the market was "scaring" people out. In 2009 it seems like the market is trying to "wear " people out! Rest assured that when the opportunity presents itself, we will buy (or sell!) only the best of the best stocks. Unfortunately now is not that time, so sit tight just as Edwin Lefevre said in the trading classic Reminiscences of a Stock Operator:

"It never was my thinking that made the big money for me. It always was my sitting."

Summary: Patience is the key
Market: Trying to rally
Sector: Schools
Stocks: ESI, CPLA, DV
Positions: None

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