Wednesday, January 19, 2005

A Red Day

What a difference a day makes! Just about everyone of my holdings is in the red. Looks like tomorrow is shaping up to be another down day with Ebay's miss. But this is just a little storm and we'll get over it. A company like Ebay was priced to perfection, that's why I tend to avoid company's with very high P/E's. If they miss, it's over... Ebay's going to go down more - the institutions will get any chance to unload. I like to use these corrections to scan for possible new buys. Stocks that hold up well in a correction tend to be the new leaders. I'm glad I have a little cash on hand.


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