Waiting and watching

I'm still here, I've just been letting my account ride for a while. I go through trading spurts and the most recent two months was one of the biggest I can remember. Right now I'm happing with the holdings. The account reached a high of 11.2% up for the year and dropped back down to 7.9% at the beginning of the week. It is currently sitting at 9.2% so all seems well. The biggest swings are currently caused by Activision since it is my biggest holding.

I still have to decide what to do with the cash from the GE sale. I just don't have any ideas right now and like to have some cash available when I do have an idea.

Looks like I'll have to give a monthly update tomorrow after the market close. As of today it has been a very good month.

GE stop triggered

My stop on GE triggered today at 31.79 and I sold the entire amount. It closed at 31.72. It ends as an 8.5% loss for me and could have been a lot worse. I think the credit crisis (GE Capital) is effecting them a lot more than anyone is letting be known. This was something I didn't think through when I invested in it last year as a hedge against inflation. I now have 6.7% in cash to figure out what to do with. I don't have any solid ideas, but I may make another 1% purchase of EIX. I tried to make this a few weeks ago, but didn't realize that my cash had gone into the USG purchase.

As for GE, I do think it will recover, I'm just not willing to take any more chances with it. Anyone involved in credit, that hasn't corrected is suspect at this point.

Over all, my account has pulled back a little bit from the most recent gain, but it is holding most of it pretty well. The GE loss is hopefully just a footnote since it wasn't a big holding.