With the sharp declines in the indices and many stocks, I've been waiting for the proverbial dead cat bounces to enable selling of some of our stock positions. Unfortunately, the decline in the indices has been relatively steady with only a small rally in late November, 2008 through December, 2008, after Tim Geithner was announced as the Treasury Secretary nominee.
While I took the opportunity to sell off some stocks in late December, 2008, I would love to get several more opportunities in the next few months. My current plan is to continue to sell off into any significant rallies, and, when the market declines again, rebuy some of the stocks. Hopefully, there will be a few more dead cat bounces in the next few months. However, it's beginning to look like even the dead cats are unsure of what to do in this market :-)
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November Goals Update
2 weeks ago
1 comment:
All the best, but looks like you are trying to catch a falling knife here. I would be really surprised if it works, please do keep up updated.
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