General Stock Ideas

[bigworld]

gfp: Right now I'm in the accumulation phase. I had a series of more incremental orders to buy more SLX, XME and XIV. Some of those filled today. When I have maxed out my buy-in I'll set some stops. I'll raise the stops if the market goes as I anticipate. I expect a late summer relief raly to a lolwer high than the previous high. But I'll have my finger on the trigger by Labor Day. I think September-October brings us another leg down in the market to a new lower intermediate low. That is the nature of a stair-step downward market. One alteration I will do on the next short opportunity is to buy all my PSQ in my accounts that are not taxed deferred and to hold PSQ all the way down without trading in and out. I want to take advantage of long term cap gains on that bacause I expect to make 50% at least on PSQ over the ensuing 12-18 months. In my retirement accounts I will be more proactive in jumping in and out for the intermediate swings.