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SELL SBLKL. MISSED OPPORTUNITIES

June 14, 2017

We have done very well with SBLKL providing us dividends over the years.  As mentioned earlier we were going to hold despite a recent article telling us to sell a portion.  But this thing is stalling, and the technical indicators are telling us to get out.  SELL

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Sometimes we get so mad at ourselves.  Over the years we have missed some super opportunities.  Microsoft was a great buy years ago when they finally got rid of the dufus who made continuous mistakes.

Philip Morris is getting big into vape cigarettes and the stock is sky-rocketing–but again we missed the action.

Altho we own the corporate bonds in the data-center REITS we SHOULD have purchased the stocks a year ago………they have burst upward.

We could go on and on.  Back in the 80s we were told to buy Wal-Mart by one of our WM sales reps.  Who would have thought they would do anything.  And Amazon:  we used to see them building their displays at conventions that we were attending.  Another HUGE missed opportunity. 

The lesson here:  sometimes you can’t see the forest for the trees.  Keep an eye on the big trends and you will do well:  electronic devices/components, data centers/data streaming/telecom, online shopping and shipping/inventory warehouse REITs.

Speaking of Microsoft their recent Windows 10 upgrade is a nightmare.  We have had serious issues and now our Fidelity trading software is NOT working.  

 

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