Unloaded…
I unloaded it all, except for the market short. The markets have not seen its capitulation yet, as such has not bottomed. I believe this capitulation will take place by the next few months. So I am maintaining a short, and will add as the market gets overbought.
I did keep a few hundred shares of ERII… simply because I told friends it is probably the best water play on the market, and it will be a great long-term stock. Because of this I felt too guilty to sell it all, so I will continue to ride it with them. Despite it being a one product company at the moment (and that product is a great one), I truly believe their management is great, and will make this company a interesting one. Subsequently, adding serious value to its stock. (But the trader in me does not like to hope for the best, and that is basically what you do when holding a stock for the long-term… its an internal struggle I constantly deal with when investing.)
I will be posting the list of stocks I will closely follow, and plan on getting really long when things begin to turn. (And just an early heads up on POT today… they announced a serious buy back. On a pull back, I will probably trade it.)
