News Focus
News Focus
icon url

Bearmove

04/27/04 3:49 PM

#236413 RE: porter #236407

The answer is is the same thing I've been saying for weeks. Prepare for some heavy downside. Take profits in longer term positions and start raising cash. So far this market is doing exactly as I predicted. Earnings are being sold off. Smart money is selling and raising cash going into the June 30th deadline. We've has the opportunity to rally big on great earnings yet we're at risk of breaking support lines. I'd recommend doing more day trading and going home heavy in cash. I'm down to 4 longs and at 80% cash now. I bet I'm right.