Tuesday, March 16, 2010

So where does LMT go from here?

The problem with identifying underperforming dogs that look underpriced is that once they start to run you got to decide whether to stick with 'em as they get to running. You shift from being a prudent contrarian to a momo skirt chaser. It's rough.

So we've made it back to the highs of last summer and the 50% retrace. I'm not really sure what to do with this. I'll let you (the subscriber) know when I figure something out.