Is the Bear on the Prowl. (7/16/06)
The Bear is out on the prowl. He is hungry and has been eating away at your profits for 2 to 3 months.
Refer to my postings on 6/29/06 and 6/1/06 and see what has happened since.
There is an old saying all ships rise with the tide and fall with the tide.
Same with the stock market.
Even retailers are hurting which was the mainstay of America. Now Americans are spending their discretionary income on utilities and gas to get to work.
Eventually this hurts all industries except the energy companies.
Read 6/14/06 entry and think what you want to do to save your investments before the bear eats another 10% of your money.
How do I know what to sell? (continued)
There are so many variables to this question (tax implications, IRA"s, 401K's, short term or long term investments, income dividend issues etc.) that I can't cover them all today. For my trading portfolio I am putting in trailing stops and have been stopped out of at least half of my stocks. Income stocks I am hanging onto with a buy on weakness for a larger return on my investment. On large caqpital gain keepers I am riding the long term.
I am here to help people. Use my knowledge to help yourself.
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