Turtle probably shocked most people by buying MUI as his opening trade. The timing of the purchase was done in one of the most pessimistic environments. Turtle thought that was the end of his blog career if the portfolio tanked. The portfolio is still floating for now. MUI is up 25% for March. It was one of the most severe tests of independent thinking.
There have been fewer bad news for the last few days. As a result, many probably begin to feel better, pessimisms begin to wane. The US Q4 2007 GDP growth was still showing positive signs provide some comforts, hope and hopefully the animal spirits of greed will return.
Turtle had a choice of profit taking on the eve of the US final GDP announcement but elected not to do so. Time-in-the-market or timing-the-market? Turtle figured since the markets were chanting the end of the world, downside was probably will be limited. Another 5% Dow drop probably push MUI back to his cost.
Turtle received $ 888 for the month of April.
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