SELLING GOOD NEWS
CWH
I peeled some CWH off this morning. I do not know what is going on as it continues to fall with greater volume. Better to step aside and wait the shoe to drop. I consider this as the most difficult situation to handle: a free-fall of a quality stocks on a modest high volume, without any news. My experience in this kind of situations have almost always been bad. Better to step aside at the first signs of trouble, and not be stucked in a “disabled train� situation.
VTIV
I also find the market is troubling as it sell off on some pretty encouraging news from both Greenspan and TI in the last two sesseions. Better to tighen up stop-loss and hold up cash jar, and don’t rush anything. VTIV has been declining over the past few sessions and valuation is becoming compelling. Should I step in here? I think not. (1) Market does not behave like it wants to move up; (2) VTIV breaks all its support level and the trend is clearly down; (3) Small techs are particularly weak; (4) There will be plenty of time to pick it up even after Q2/05; (5) Foreign content rule remains in place.
I peeled some CWH off this morning. I do not know what is going on as it continues to fall with greater volume. Better to step aside and wait the shoe to drop. I consider this as the most difficult situation to handle: a free-fall of a quality stocks on a modest high volume, without any news. My experience in this kind of situations have almost always been bad. Better to step aside at the first signs of trouble, and not be stucked in a “disabled train� situation.
VTIV
I also find the market is troubling as it sell off on some pretty encouraging news from both Greenspan and TI in the last two sesseions. Better to tighen up stop-loss and hold up cash jar, and don’t rush anything. VTIV has been declining over the past few sessions and valuation is becoming compelling. Should I step in here? I think not. (1) Market does not behave like it wants to move up; (2) VTIV breaks all its support level and the trend is clearly down; (3) Small techs are particularly weak; (4) There will be plenty of time to pick it up even after Q2/05; (5) Foreign content rule remains in place.
posted by ZIGZAG at 6/08/2005 09:23:00 AM
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