Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Cash is King!


Is this a pause before we head lower? Could very well be as the S&P is trying to hold its support at 1127. To be honest and frank, there is not much going on today. Technology is a bit firmer coming off some great earnings news and transports are being sold.

In these times of uncertainty the strategy that I put to work is called: Cash is King! This is when I take a look at what I have on my sheets and if it doesn't make sense it's gone. Could be a short, could be a long, I could be up money in the position, or down money. I don't care. If there is not a good reason to be involved I get out. No questions asked. Why waste money when I don't have a feel? Plus, from the long side, the market has been able to bail you out of bad positions. If you bought something too highly priced and did not like it anymore, chances are that you could offer it flat and get taken within a few days.

Now, with so much emotion in this market and people waking up to the fact that we may not go one way forever (up), in my opinion it is best to let the dust settle and get back in when the signs look a little better. The trend certainly is your friend, and in the short term it doesn't appear we have a trend. Keep the stops tight and let the market guide you, at least that's what I am doing! Have a great weekend!
< Previous
  • 1
Next >
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Featured Videos