It turns out I got out of Toll Brothers (TOL) at a decent time. It spiked a couple bucks just before they reported earnings, but it's gone nowhere but down ever since. It's down to $46.41 after sliding another 34 cents today (I sold at $48-ish). Cramer says it may be a buy again at $41 or $42. Probably won't buy back in, though -- I'm moving away from Cramer-style trading and back to buy-and-hold style investing. I still have some XLK (technology SPDR) that's underwater a bit and am holding it in hopes Cramer's right about a tech rally, but I think I'm through with his individual picks for the time being. I still like his show, and I could have had a nice profit with TOL if I'd spotted the top better, but for now I think I'd rather buy Hidden Gems and hold them. Maybe in a year or two I'll feel more like speculating.
I've got a couple chunks sitting in cash waiting for opportunity, and I think I'm going to double down on New York & Co (NWY), which is down close to 9% from where I bought in. Today was another down day for that stock, and I hope there are a few more down days this week so I can get an even better price when I do finally buy. Retail's really getting battered.
For the other chunk, I'm considering the new iShares micro-cap ETF, IWC, or perhaps the PowerShares one, PZI. Need to do a bit more research on those. Of course there are also plenty of Hidden Gems that are down sharply with the market -- some of them are quite the bargains now.
Posted by kindall at August 29, 2005 08:44 PM