Friday, February 1, 2008

Held My Fire - Now it is Buy, Buy, Buy!

I held my fire yesterday in deploying my cash. I decided to wait until the jobs report this morning. With that data point now behind us, I now have a little more certainty about where the market is going.

We got follow through yesterday!!!!!!!!!!!!!!!! In case somebody is not paying attention, I will be clear: I think the bottom has been put in.

Banks, technology, materials, metals, and retail (yes, even them) are now in my sights. I had become lazy - it wasn't worth a ton of research when forward guidance was constantly being revised and slashed. Now I need to start looking hard at stocks on my watch list like UA and getting busy.

I bought more AAPL this morning. I bought ANSS this morning. I bought BOLT this morning and I am thinking about a few more like PCP and UA. Time to deploy the cash.

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