“Theres never good reason for holding onto a stock for sentimental purposes.” This is like the biggest DUH I have ever heard. Business and pleasure don’t mix unless you’re a…well, we wont go there. But never did I think I would be a prime offender of this little mantra. I’ve been caught red handed. I just can’t seem to find the words to break up with SIRI XM. I made a T-chart with a list of the pro’s and con’s of our relationship and it came out a tie! So what’s a girl to do? All my friends say I should dump you. Cramer has been telling me for weeks to drop it like it’s hot. I’m holding on just…a…little…longer…. Besides, CEO Mel promised a press release after this Labor Day weekend so I’ll deal with you next week.
Speaking of dropping it like its hot, General Motors (GM) is up today, but sentiment has slowly fallen according to PredictWallStreet. While GM was experiencing a few weeks of bullish sentiment, I don’t see any breaks in the declining auto industry soon, so I’ve decided to cut my losses and short my GM shares. There’s no use sitting on a lost investment. I think sometimes the hardest part of investing is being able to admit you just blew it.
I ended up buying some Middleby Corp. (MIDD) shares yesterday which looks like was a good idea!
The hands down winners of my pseudo portfolio right now are FSLR and LDK. Yet, there is something about this alternative energy sector that is making me nervous, it seems to good to be true. I almost want to keep these little gems a secret, but once more people find out, I’d expect to see some drops in these stocks. Wait, what a perfect opportunity! I will monitor the sentiment for FSLR and LDK on the widget. If sentiment begins to drop pretty consistently, this will signal to me that maybe its time to get out because the price will most likely follow. Viola!
Hope everyone has a fantastic, lazy Labor Day Weekend! Stay safe, ride a bike, watch out for parked cars, get to the beach, and eat some BBQ food. Ciao.
Stumble It!
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