be patient, page-6

Latest "concern" is with Companies that have a Large Cash in Bank like CNX.
One is taking "heart" that being in such companies is "reassuring"-My Company doesn't need to Borrow in the foreseeable future so I'll buy,Buy,BUY on dips and weakness.What a Butch,Bull am I"

Problem is What,Where did these companies put their Million$ from previous Placements?
Did they "prudently" place it at High Interest?
Did they "invest" in A rating instruments?
If so,are these still liquid,in existence? or have these clever Financial Officiers believed in Overseas or Investment Banks here "products"?
Cash Reconciliations are due by the end of this Month.These may show any/all effects of what I rabbit on about.

This is not a time to huff yaself up and call sellers sheep and Buyers "courageous".Remember the adage re a Fool and his money.What's so clever and brave in Buying every stage of the way Down?How do you think the Bargain Buyers at 53 cents really feel now?

Anyhow caveat emptor and all that.

Happy Trading.