I wouldn’t flinch at a decline to 15,500 on the Dow, approximately 10% from the high. In fact I am taking a good hard look at my portfolio and raising cash from a few positions so that I have some capital available in that scenario.
DJSK,
I agree and am doing the same.
I’m doing rather well in this market (though I am posting this on 8/9, not 8/3) and I have 16 stocks out of 72 that come from or are associated in some way with this board.
But the stocks I have are less than half the story. The other and more valuable part is the camaraderie, expert advice, vision, transparency and honest evaluations that go on here. I wouldn’t miss it if all my micro stocks went south.
I wouldn’t sell SZYM until it was close to $8 and on justifiable news. Same with all the other developing stocks like CALL, PFIE, KRED, AEYE and AIOCF.
My top 17 largest positions (includes 4 from this board) are all in the black except for BOFI and UBNT (which are just barely losing a few points) but you can bet I am NOT worried about those two and once they catch afire, I should have a Saul type year. Once I get used to Saul’s style, ie, good size positions in growth stocks, I should do even better than I have ever done. Can’t beat that.
No complaints here and I only wish I had jumped harder on some of the great stocks represented here, like PSIX, SYNA & CELG.
Mykie
Caveat: I am an eternal optimist but so far, so very good.