Comments on the moneygardener: psychology & Wells Fargo @ $7.80/share

It certainly is nerve-wracking! Seems like you're...

2009-05-01T11:04:00.000-04:00

It certainly is nerve-wracking! Seems like you're calling a bottom MG.

I truely hope things are on the way up, but didn't BOA and Citigroup JUST fail the stress test as of last week?

I own both WFC and GE, and although I continue to believe they are strong companies and will come out even stronger than before this recession - its tough to not feel uneasy when WFC has obviously taken some 'liberties' with how they reported the Wachovia losses.

You've summed up my sentiments exactly - paralyzed because there is evidence that nothing has really improved enough to warrant the rally, but the greed... ;)

I am very tempted to start dipping my toes into some of the conservative names/industries which have not benefited so much (in fact, many MCD for example) has come off a little bit despited the broader rally.

I've trimmed MFC once after buying a whack under $...

2009-05-01T09:44:00.000-04:00

I've trimmed MFC once after buying a whack under $10 and I might have to do so again soon if the price continues to appreciate. Nothing's changed in my analysis, but a stock making up more than 5% of my portfolio makes me nervous. There are lots of companies trading at equal or greater valuations that I'll be more than happy to invest more equity into as I trim strong positions.

It is indeed thougher to add money to the market. ...

2009-05-01T09:24:00.000-04:00

It is indeed thougher to add money to the market. After such a fast run-up, it is tempting to pull some of the money out and wait for the markets to go back down to put it back in.