During the morning I tweeted the following:
This marks the first time in 2012 I have liquidated an equity holding since accumulating individual positions starting in January. I did so more to make room for some other ideas I have rather than an overall bearish perception of the market.
However, I will say this: If we do manage to close below Monday’s low, marking a red cloud in the field of green I described over the weekend, I will put a hold on any new buys. I will raise more cash if the market weakens from there during the weeks that follow.
In bull markets you wait for the market to tell you to act. If you attempt to guess every top according to each and every signal that crosses your path, you would have been out of this market in February. It’s not the way to play the game…not in a bull market, at least.
Here is the current portfolio after the recent addition and liquidation:
Long SPRT http://www.zenpenny.com/?p=3451
Long PTGI http://www.zenpenny.com/?p=3412
Long GSIG http://www.zenpenny.com/?p=3412
Long DPTRQ http://www.zenpenny.com/?p=3759
Long CIS http://www.zenpenny.com/?p=3777