Hello Friends! Today the market is talking to me. In fact it is SCREAMING at me. No, I am NOT hearing voices, but the price action is telling me to get out of stocks. At least two that are now hitting and passing 8% stops. GI blew past the 8% loss level, and in fact I just pulled the plug with about a 15% loss, MYL was sold with just over an 8% loss. Now down two positions from the previous 22 I believe....should be at about 20...with 25 our goal. I will try to SIT ON MY HANDS and not buy anything until I can sell a portion of a position at a gain. This is my gyroscope...tells me to back off of margin and reduce exposure to equities. Let's see if it works!
In summary, I just sold 300 shares of GI, my entire position, at $18.37. I JUST purchased these shares on 3/4/04 at a price of $21.72.
Second, I just sold my 200 shares of MYL at $22.66. These shares were purchased on 11/25/03, at a cost basis of $24.83.
There, got that taken care of. Now batten down the hatches and let's see if we can ride this out!
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