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I confess that all of this bear market is wearing me down! Earlier today, I sold one of my remaining twelve holdings in my trading account: Barnes Group (B) that hit an 8% loss. In fact, I sold my 360 shares that were acquired 2/16/06 at a cost basis of $19.58/share at a price of $17.97. This represented a loss of $(1.61)/share or (8.2)5 since purchase. Again, since I sold this stock at a loss instead of on a gain, this is a negative internal signal of my portfolio telling me once again to hang on to the proceeds and sit on my hands.
I am now down to 11 positions from my maximum of 25, and still above my minimum of 6. Hopefully the crisis in the middle-east will soon be resolved and the markets will move higher once again. I hope I am not too much of a Polyanna about these international events.
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