Quote:
Originally Posted by vintner
Sold MOS and RIMM this morning. Took nice profits on both. Both dropped after I sold them.
I am primarily in cash, market is under 12,000. I am not comfortable with this week, I think it is 4 down days with only 1 up day, and that was a weak up.
Unless I see something change, I will probably be in cash for a while.
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Agreed. I am basically short the market and long select stocks. I can't see any reason to get excited about being agressively long in this market until one or more of the major averages busts thru it's 200 day moving average. The Nasdaq did (weakly) in mid May and early June (and looks to be the strongest of the major averages) but has since retreated. The S&P and the Dow both failed tests of the 200 SMA in mid-May.
