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Re: coinmaker post# 22369

Friday, 11/12/2010 5:23:37 PM

Friday, November 12, 2010 5:23:37 PM

Post# of 35752
sold the 20% this morning

and now 40% in cash

Selectively selling my weakest positions, those that have no catalyst to go higher but also sold some of my biggest gainers that have run very far and fast.

Will the commodities market reverse next week and start to go up again? It is possible, but I would rather it take a small correction where I can pick up stocks cheaper than what I sold them for. This is of course wishful thinking.I believe in the long term bull market in commodities. I finished the day flat which is pretty good. One of my friends is one of the best investors in the market. He has worked out a system that has not failed. He is still bullish and has no signals saying sell yet. He holds for several years at a time depending on the signals and averages 35% per year gain through good times and bad. I am a much more short term trader.

My recommendations for individual stocks are on the companies merits, not the timing of when someone should buy or sell them.
It is hard to time an individual stock especially when they are low volume, where charts don't help alot. But as they say, a high tide lifts all ships and the same is true in reverse.
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