Originally posted by Bretsky
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In the last few days I had added to what I held of Ryder, Sketchers and AEO. Last Friday, I bought HUN and TGT. I will keep those but may sell most of my other holdings and look seriously at putting it all into AAPL amd/or the other five.
I wish I had a pile of new investment cash available. There are some very good buys available. It's a somewhat hollow victory cycling money from big losers into the good buys, but that is what I will be doing to hasten my recovery. It has been a bit brutal on the IRAs the past month!
I made a huge mistake with JOY. I bought some when it dropped quickly a few weeks ago, thinking it was just an odd sell-off. Then, the China stuff hit. Now JOY's COO abruptly resigned. I was way too early buying JOY. They are at the bottom of a cycle, but I thought they should recover from around $30 to mid $40s, even during the depths of the mining cycle. Now, I think they might languish in the mid $20s for a while, but when their cycle starts to recover, I will buy again.


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