As of 3;45 PM EST Friday June 5 (today), my portfolio is down a gigantic 5.32%.
I watch the selling.
I can buy on the dip —but the dip keeps dipping, so I’m not doing that.
I can sell. I’m not doing that. Because I feel confident in what I own.
Getting hit the worse are the semis and the memory stocks, especially MU and SNDK.
Here’s today’s chart:
If we plotted these for the year to date (YTD), it looks far less gruesome. We’ve had a huge run this year, especially among the memory stocks. I’m still way up. You should be also.
I”ve been finishing up a long blog. But I wanted to get this out. And say:
Don’t panic. Don’t sell. Don’t buy. It may get cheaper…
Have a great weekend. Hug the kids, the grandkids and all the mothers.
Stay well. — Harry Newton
