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.If you enjoy the content at iBankCoin, please like our Facebook page