Friday, July 08, 2005

PARE SOME FINANCIALS

ING / TD
I am considering sell ING here for a number of reasons. (1) It has done nothing for me; (2) I think it will have a weak quarter. Although charges are not reoccurring, but I still think investors will react negatively; (3) Financials are over-weighting; (4) Declining earning trend; (5) Too many analysts coverage.

Sold the entire position of TD on this ramp up. I doubt that if it will go up much from here for a while. I also want to raise some cash in front of this second quarter report season.

0 Comments:

Post a Comment

<< Home