I am now only 75% long, scaling out of most everything in rough proportion.
Sorry, I told you I could change my mind abruptly.
What sealed me on raising cash, oddly enough, was this bounce into the close (best viewed from the NASDAQ). Pardon me but I am quite sick of getting axed 2% every other week, with these little polite “hope bounces” in between. If we sell off like this, it had better have the decency to stick for an evening.
I am not going to just sit by and watch such a great start to a year get diced up from a slow-boil like this.
Positions are AEC, MAA, CCJ, BAS, HCLP, NRP, UEC, silver and cash. Year to date gains stand around 5%, right where I swore I would do something.
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Indeed. The hope and change bounces are the problem. Or it could be the “they” telling the market to stop chasing yield. Junk bonds, eurotrash sov bonds etc. “They” claimed the smalls were pricey right before the 10% dump.
Just back from a va-ca.Nice to see you
still have it going on.Before i left sold
OESX for a 50% gain as I felt It was too risky while I was away.Turned
out to be a good move.Cash now at 15%
and also added $MSFT here.I like that
new guy.
cheers
Welcome back