Raising Cash Levels Again

I sold off more of XON, lowering it to a standard sized position. It was my largest holding and extremely overweight. I also sold out of CNQR for a 2.5% loss. It appears momo stocks are receiving the hammer of death again. I have no interest in holding through another maelstrom of IT hatred.

With these sales, along with last week’s sales, my cash position is about 25%.

Very few stocks look attractive this morning. I will bide my time and choose my next moves very carefully.

3 Responses to “Raising Cash Levels Again”

  1. Will you entertain the QQQ’s or IWM if we get an OS reading soon?

Comments are closed.
Previous Posts by Dr. Fly

Raising Cash Levels Again

I sold off more of XON, lowering it to a standard sized position. It was my largest holding and extremely overweight. I also sold out of CNQR for a 2.5% loss. It appears momo stocks are receiving the hammer of death again. I have no interest in holding through another maelstrom of IT hatred.

With these sales, along with last week’s sales, my cash position is about 25%.

Very few stocks look attractive this morning. I will bide my time and choose my next moves very carefully.

3 Responses to “Raising Cash Levels Again”

  1. Will you entertain the QQQ’s or IWM if we get an OS reading soon?

Comments are closed.