Back to Cash

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I just dumped sold everything. Mid-day I decided to push my stops up pretty aggressively because I don't like this choppy action and I want to be in cash for the Federal Reserve interest rate announcement on Tuesday. I also sold NVTL and ANDW, my two biggest winners because they seemed to be stalling and had hit my targets (upper Bollinger Band). Some of my stops did get hit, but I still had a handful of stocks that were a good ways above their stops. But given this late day weakness, and the fact that I don't expect much to happen ahead of the weekend I decided to take my profits and just go back to cash.

I'll probably stay in cash until Wednesday unless some good day trades pop up.

1 Comment

Hrm. This is the first page that comes up when you Google "Chia de Bosk", and it looks like it's because of my post containing lyrics to KMFDM's "Dogma" (which is apparently a "related post"). Weird.

In any case, "Hi".

check out my neighbors in meatspace


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Quoted

"Surrender to the reality that volatility exists, or volatility will introduce you to the reality that surrender exists."
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This page contains a single entry by Michael published on June 24, 2004 3:18 PM.

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