At this point, I believe the stock market is likely to go down, in the short term. Although I have already sold some shares, I plan to further reduce my exposure to stocks by selling more positions in my personal accounts, including some that have not yet received a sell signal. In case my call is wrong, I will continue keep my investments in the accounts managed by our financial advisor, since these are long term diversified holdings.
For reference, I will look to sell shares in Google and, perhaps, Priceline.com. I will wait for Potash to become a long term holding, in early June, before selling any shares. At this point, I don't plan to sell Intuitive Surgical.
I will also update my Stock Buy List that is based on a modified version of the Unemotional Investor Growth System. Should there be a downturn in the market, I want to be prepared to purchase from my new Stock Buy List at a discount.
Disclosure: At the time of publication, I own shares of Google, Priceline, Potash and Intuitive Surgical in the accounts I trade.
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This is not financial or investing advice. Please consult a professional advisor.
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