We've all heard the expression "Bouncing along the bottom" with regard to individual stocks and even portfolio values. In this flat, volatile market I'm sure anyone who's down a bit feels like they've been bouncing along the bottom for many months now.
Me, I'm a little different. My stuff hit a multi-year, in fact, an all time high on April 1 of this year. Since then, it's been down a bit, up a bit, back and forth etc. etc. If I was a TA guy, which I'm not, I might say my portfolio value has been range bound for some time. For my thoughts about about TA guys see my post of March 17, 2010. TA Guys Make Me Crazy!
Like I said, April 1 was the all time high...then, today my stuff reached up once again, surpassed the April 1 mark and hit a new all time high. What I find interesting is that the low point since April 1 was a mere 2.2% off the April 1 high. Now, that's been recovered and then some. All-in-all I can't complain. This tight range, touching a new high now and then is why I refer to my portfolio value as Bouncin' Along The Top!
Me, I'm a little different. My stuff hit a multi-year, in fact, an all time high on April 1 of this year. Since then, it's been down a bit, up a bit, back and forth etc. etc. If I was a TA guy, which I'm not, I might say my portfolio value has been range bound for some time. For my thoughts about about TA guys see my post of March 17, 2010. TA Guys Make Me Crazy!
Like I said, April 1 was the all time high...then, today my stuff reached up once again, surpassed the April 1 mark and hit a new all time high. What I find interesting is that the low point since April 1 was a mere 2.2% off the April 1 high. Now, that's been recovered and then some. All-in-all I can't complain. This tight range, touching a new high now and then is why I refer to my portfolio value as Bouncin' Along The Top!
Good luck and Happy Investing!
No comments:
Post a Comment