Comments on Fund My Mutual Fund: Bookkeeping: Adding to Sequenom (SQNM) Lennar (LEN...

Link,Well there's been a big drop across the board...

2008-09-17T16:08:00.000-04:00

Link,

Well there's been a big drop across the board so you could start looking for 'value' in companies that have good fundamentals. I've been doing that and have been taking it on the chin in the short term. Unless we are in an end of world scenario fundamentals will eventually rule the day again.

I could be wrong but it sounds like the basis is: ...

2008-09-17T15:51:00.000-04:00

I could be wrong but it sounds like the basis is: a big drop leads to somewhat of a correction. I'm going to write a book on that strategy and make lots of money - until people decide that fundamentals actually matter.

Well we've had two 4% down days in a week. The wo...

2008-09-17T15:47:00.000-04:00

Well we've had two 4% down days in a week. The world could be ending. But that's still the low probability outcome. Even for a pessimist like me.

By next Tuesday the short sellers will have to locate their stocks so it will be interesting to see where we are a week from now. I expect a lot of small caps to lift. Maybe not tomorrow but within a week.

Ballsy move! Good luck. I also like UYG here.

2008-09-17T15:44:00.000-04:00

Ballsy move! Good luck. I also like UYG here.

if it were that simple we'd all be millionaires.I ...

2008-09-17T15:41:00.000-04:00

if it were that simple we'd all be millionaires.

I like the charts of the former two and the latter is just a contrary play

I suppose if Morgan and WaMu and Goldman go out of business in the next 3 days it could be a bad move. We'll see. UYG is only 16 points away from zero so the downside is limited ;)

Does everything that tanks one day somehow reverse...

2008-09-17T15:24:00.000-04:00

Does everything that tanks one day somehow reverse on the next (and visa-versa). I'm beginning to play with my "investments" based on that strategy.

Is this the same reasoning you are using for buying uyg?

Thanks