ANOTHER ONE BITES THE DUST....

Hiya everyone who missed reading my blog. I am back after a long sojourn -did the virus get me or was it the bear:?

It is indeed dangerous to kid yourself that being long this market is without worry- or consequence. Financials will eventually settle down as all the losses are taken and all the bad ones bailed out. But who's to tell which are the good ones? Bear Stearns is the latest one in disaster zone- calling for funds from JP Morgan and the Fed is bravely going to help them. A crisis more deeper than this where the Fed has to be in front of every victim... I cannot fathom.

Everyone's a victim if he is long this market. The jaws of the bear are too wide for comfort but its still a traders market if you have capital to play with. Instead of wondering who will succumb next or who will save the day- watching the price action in stocks that are `decoupled' say an international stock or one less exposed to finance.... can help to stay in the game.

Being all cash in such a market which can recover in a second any day- is also foolish- so in that case keeping a long term horizon makes sense.

I am lookin at technology for long term- like CSCO, EMC, INTC, NVDA. And refiners -VLO and TSO -at 52 week lows- as they are suffering with the hike in oil prices- once oil settles down to peaking out somewhere in the $110-115.... (we hope) refiners will come back. VLO we bought at 49 and sold at 60 in the last run. It did go upto 63- at which time I did not think it would revisit 49 again. Well, we could do it again. Its at 48.50 -and I am a buyer today.

AM also going with LOWES at 20.75- and INFY at 34 and ICICI bank- IBN at 40. Downside looks like LOW 20, INFY 32, IBN 36! Got to buy on dips and sell on rallies- thats the only way to go. The market is not far from the bottom- I thought it bottomed last week. Maybe it does next week- but the ones on the sidelines will come in- once the fear is out. Patience is a virtue though it sucks sometimes!

Cheers. Lets vote for a DOW down double digits - after a horrendous start- of down 300 points. Its still down 270 at 3pm and I am brave to ask for so much- but it has happened before.

Last but not the least- remember the dry goods sector- where we caught DRYS at 50 before anyone else. It went as high as 88 - before the market stumbled again. And its down to 60- second chances like these are great opportunities and dont come often. Got some DRYS at 59 today. Good luck... all. And welcome back to monas blog and remember panic selling never made anyone any money- because getting back in is tricky to say the least. When you sell at lows- and the market starts to recover you may buy back at higher prices and then not sell and go down once more- its a nasty cycle- so its better to hang in there in troubled times and wait for your prices.