Sell or Stay?
trader88 — Sat, 09/05/2009 - 17:37
Sell in May and go away??
Sell in May and you will regret??
Stay in May to enjoy the play??
Many participants are puzzled at this unusual times, on one hand the real economy is still struggling but on the other hand the stock market looks like it is staging a strong come back. Could it be the beginning of the next bull run or an extended bullish bear trap?
Some investors who were stuck with stocks bought much earlier are beginning to unload when their stock prices are at their break-even levels, while others continue to chase up their favourite stocks fearing they might miss the boat if they are still at the sidelines.
Whatever it is, just be very cautious.
Taking some profits off the table is a sure right thing to do. If certain stocks do not perform as anticipated or worse they fall below one's cut loss level, liquidate them.
The market is always there, one can always come back when technicals signal so.
