We gotta get a handle on UnQle FranQ. Too much sun or something!:|
I think your perception and stated approach is very prudent, JBL, and is one that is fully endorsed by the strategists at ML. Q is set to fall from these dizzying heights, and only the investors with money in hand will be in position to capitalize on it. The 200 dma is about 75 at this point, and would represent an excellent entry point. Just hang on to your cash until we get there. Buying at any higher level would be gambling. If you get itchy to buy, just remember the tulip bulb crash.