Kcap The Investor?

The stock market has provided a nice little rinse. Indeed, the lack of follow through action from Friday has shaken out some of the Mo-Mo Players. From our morning post, readers will know that we are not surprised by this afternoon's weakness. In fact, we have taken this opportunity to add more exposure in the following names to our Portfolio's: Netease.com (NTES), Tellabs (TLAB), iShares Russell 2000 Index (IWM), Motorola (MOT), Emulex (ELX), and General Electric (GE). NASDAQ currently around 2055. The Semiconductors continue to hang tough on a relative basis despite being slightly down. The stock market is oversold and positive divergences are occurring over the last few days such as contracting new lows.

We recognize the fact that we are being highly anticipatory lately. In fact, many readers have pointed out to us that we seem to be straying from our largely reactionary trading style which has served us well over time. While we agree with their observations we also remind them that we have recently explained our inclination to use more of an investing approach as opposed to trading at this juncture. This is not to say that we have morphed into Buy and Hold Portfolio Managers, in fact we intend on trading around our core positions quite frequently. However, due to the extreme level of "Horniness" that we find ourselves in these days, we welcome the investing analogy.

Hope You're Buying Da-Dips!

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