Although the market may continue to rise, I plan to maintain our cash position until March 20, 2012, the date of a potential Greek default. I have no confidence in the EU politicians to negotiate a refinancing that isn't effectively a default. I also have no confidence in the Greek government to actually govern and do what is needed. At this point, I am uncertain of what the market reaction will be when the Greek default actually occurs. While the default is likely, I don't know if the market will react positively or negatively once the default occurs. However, I do believe the market will continue to rally up to the final date a default can be avoided. The market wants to believe the crisis can be solved :-)
So for now, I will continue to hold the positions we have. If my company stock advances, I will use the opportunity to execute the remaining stock options that expire in 2012. If the stock advances significantly, I may even sell options that expire in 2013 or 2014. Otherwise, I will continue to wait for the market decline that I have been expecting since the summer of 2011.
For more on Strategies and Plans, check back every Monday for a new segment.
This is not financial or investing advice. Please consult a professional advisor.
Copyright © 2012 Achievement Catalyst, LLC
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