|
PureBytes Links
Trading Reference Links
|
Sold all my China stocks about a month ago which was a bit early but I never
mind taking a good profit. Also disposed of a few other stocks which didn't
fit into a button down mode. Added to positions in high quality muni Closed
End Funds (trade as stocks) during the bond debacle ... they have done
nicely and those are holds. Also loaded up on gas and oil royalty trusts
which have done very nicely, also holds. Working on closing out positions in
a couple of preferred stocks for cash. I don't buy stocks without good yield
and I'm averaging north of 8.5% monthly. Also long Euro futures and short
S&P via puts. Looking to re-establish a long Yen position which I closed out
on rollover. Biggest cash position since spring and watching China stocks,
utilities, g&o trusts, preferreds, currencies for opportunities.
Earl
----- Original Message -----
From: <jvc689@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Cc: <profitok@xxxxxxxxxxxxx>
Sent: Friday, September 19, 2003 6:32 PM
Subject: [RT] Is this divergence for real?
> Dear Ben et. al.,
>
> And there were 45 new CANSLIM Breakouts on a suckish day compared to an
> average of 20. Many of them have PE's below the S&P. If one must ask
> themselves if the divergence is for real, there must be a serious question
> in their minds...and that's OK. It either is or it isn't.
>
> Just an opposing point of view and some fun from one who thinks cash is
> still king [at least to the point of 50% of a long term stock portfolio]
> even before this divergence issue cropped. I am not a divergent guy, but I
> do like to be prepared...Girl Scout's Motto.
>
> It doesn't hurt to be able to buy some still outstanding stocks at very
> decent prices.
>
> The last time I posted this much on market direction was just before the
> Iraq invasion...[all I read pre-Iraq was Dow 6000 over and over with all
> kinds of charts to support it]. I said then, "after Iraq we rock". With
> the tone of the different Boards I see, we could see Dow 10,000 by the end
> of the year and optimistically Dow 12,000 in 2004.
>
> We still have not reached the average increase per cent wise for the
> second year of a first term President plus throw in the economic stimulus
> that is yet unmeasured from the war toys and future tax cuts.
>
> Sincerely and jovially,
>
> John
------------------------ Yahoo! Groups Sponsor ---------------------~-->
ReplayTV: CNet Ranked #1 over Tivo!
Instant Replay & Pause live TV.
Special Sale: 50% off!
http://us.click.yahoo.com/UUMW7B/.5qGAA/ySSFAA/zMEolB/TM
---------------------------------------------------------------------~->
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|