EMC

So far the best I've done is 9.59. I'm accelerating purchases at lower prices in order to lower my average. I'm confident enough to overweight this stock. My most conservative valuation places EMC at $10.42. The company has about $3 per share in cash. My most optimistic valuation (which is below S&P's most recent valuation) is $17.30.

In the short term, valuation has been cast aside in favor of emotion. EMC warned that its numbers would be, essentially, exactly where they reported them. However, the stock tanked on the warning and then again on the earnings report. Did investors think they were underestimating with the warning? Or is it simply irrationality? I've seen this happen countless times. Unless there is something more serious amiss with the company, the stocks always rebound. Panic, then recovery.

I suspect very few will be willing to go into this weekend on margin. Therefore, I'm going to keep buying until I'm very leveraged today. If WWIII happens over the weekend, one of my portfolios will be decimated. (Of course, if WWIII happens over the weekend, I doubt I'll care much about what happened to that portfolio.)