I took a quick +4% profit from last Friday’s purchase of HCLP.
Retaining the core position.
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Joined Sep 2, 2009
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I joined you in BAS this afternoon. Nice trade in HCLP!
Thank you
Does this change your thoughts at all on intermediate term, or just lightening up after a quick gain?
My goal for a few weeks now has been to raise a bigger cash position going into the end of August, as I was almost fully invested and respect the Fly’s concerns. The carnage this year in tech cannot be ignored and I feel there’s a good chance we receive another market crash going into 2015 or else early next year. Something along the lines of a 1987 plunge, nothing recession worthy.
I only made those trades because we were oversold. I still like HCLP and will remain overweight in it for the long term.