Colossus Minerals Inc COLUF

Beware of Greeks bearing bonds

[drdiablo]

The carnage in my portfolio was so bad today that it may have been a mercy killing when the Bank of America brokerage site fritzed out and left me unable to buy with either hand today, or even to see real-time data.  The two stocks that held up pretty well were Stornoway diamonds and good old Colossus.  Who would have thought that two speculative stocks with no earnings would be safe havens?  Maybe I should move all my money into CSI and SWY until this market collapse is over.

Or maybe not.  I think the bloodshed will continue for awhile, as rallies will be met with waves of belated selling in May.  The broader the selloff, the more indiscriminate it will be.  Everyone will want to get liquid, and that desire will overwhelm the positive impact of footage of the COOMIGASP picnic.  I think we're headed down.

I'm hanging tough, though, in the hope that I'm wrong.  In fact, I'm not selling anything.  By panic selling, you're just helping put in a bottom.  I even tried to add a little more CSI today, but that's when the BAC site kicked the plug out of the wall on me.  Their fragile system explodes on small provocation.

I will conclude this bad day with kudos to Ari and to Matt Manson, Stornoway CEO--and a big finger to Goldman Sachs, BP, Transocean, Greece, the rickety Bank of America brokerage site, and the crew renovating my street and waking me up at 6:30am with their incessant hammering and beeping.  I'm going to start  beeping myself pretty soon.  Beep.