Mistakes ,,, Mistakes

Well, I made the mistake of hoping alot semiconductors and overpaid for many of them, partculary MU. I haven't sold a share and believe the DRAM pricing has stabilzing and will benefit them greatly. Unfortunately, I have whacked away alot of my cash reserve and currenly only have 40% cash. If we dip seriiously, I will cover my shorts and deploy capital agressviely. As for shorting, I rather catch a strong rip before I do. The job's report was utterly terrible - over 100,000 more jobs lost than expected. It's hard to be a bull, given job losses. However, I am a big believer in a small niche of stocks and will sell of alot of my holdings soon - to reload a smaller concentration of my holdings and others. I took a position in STLD - believing it was be smacked since the GS downgrade the other day. I think it's worth $18 low end and $22 high end; however, China is facing oversupply issues, which will put pressure on shippers, iron ore miners, and steel companies. Instead of shorting them, I will take this time to build positions in them - for a longer duration trade. AAPL is smoking and i think will rip higher - I put 6% of my portfolio in Apple today and will add more on dips. BAC is another big bet i will play. I want the stock to drop to $15 and i will LOAD up on it. All in all, i am keeping cash reserves and I am buyer, rather than a seller here due to the oversold indicators. I said since 800, we would see 1050 and that was my sell target - that trade is over, I will be more selective and use options more agressively and buy dips. Tech season will heat up soon, it always does in Nov-Dec - I want semiconductors: NSM, ENTR, and MU are good picks, along with AMAT. Banks need a pullback and i will load up in serious size. I need to clear some of the junk in my book but want a bounce first - don't like selling on low days.