Another day, another slaughter...
When will it end? The answer... Never.
The market will always move down... down... up... down... up... down and up again.
This isn't an isolated event. This is part of the continuum that is the market cycle. In fact, the further down our favorite stocks go, the better buying opportunities they become.
There is nothing fundamental that is driving this downdraft.
That's why we don't worry so much about markets and market timing.
Sure, we wait for an updraft to make a new recommendation. It would be insane to buy right into the teeth of a gut-wrenching selloff like we've see this week. Nor do we panic when the going gets rough.
We use our trailing stops, and believe it or not, we haven't hit our TS's on either Cemtrex or Solucorp.
In an ulikely turn of events, today's big winner was Solucorp. Despite the S&P selling off another 1.16%, SLUP was up 2.36% today on some good news from the U.S. Patent Office.
Here's some of the story...
"Solucorp Receives U.S. Patent Office ``Notice of Allowance'' for its IFS Heavy Metal Remediating Paint Stripper TechnologyFriday
March 2, 8:15 am ET
FT. LAUDERDALE, Fla.--(BUSINESS WIRE)--Solucorp Industries, Ltd. (OTC:SLUP - News), today announced that it has been issued a "Notice of Allowance" confirming Issuance for its Integrated Fixation System (IFS) Lead Out Heavy Metal Remediating Paint Stripper from the U.S. Patent and Trademark Office (USPTO).
Lead Out is a permanent, brush on, scrape off paint stripping and metal remediating product. It uses Solucorp's EPA Superfund Innovative Technology Evaluation (SITE) program proven Molecular Bonding System (MBS) reagents to permanently remediate heavy metal contaminants such as lead, chromium, cadmium, or zinc that may be found in certain types of paints.
The Lead Out paint stripper is an environmentally friendly, soy-based product, which does not require costly secondary containment. Unlike competitive strippers, Lead Out remediates the lead upon contact and therefore can be applied without fear of dust particle or ground and water pollution. This, of course, not only results in non-hazardous disposal of the resulting residue but also eliminates the problem of humans inhaling the toxic lead dust or toxic lead particles, for example, falling into waterways when removing lead from bridges. It does not contain the harmful solvent Methylene Chloride that is found in most other paint strippers. The receipt of this Notice of Allowance reaffirms Solucorp's continued commitment to being the leader in the field of pollution prevention products for heavy metals contamination."
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For the complete story, go here:
http://biz.yahoo.com/bw/070302/20070302005088.html?.v=1
Again, once we see the market stabilize, we'll consider adding our next pick. I'm looking at a few companies with tremendous, stable, cash-rich business models... and am still looking for the ideal play: a commodity company with green credentials. Perhaps an Argentine gold producer I'm looking at will fill the bill.
Till then, have a drink on me,
James
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