Monday, August 31, 2009

Taking Risk Off

Sep is here. The way Chinese markets are moving - it seems like bad news is going to come somewhere from there. And late Sep, early Oct - we will get concerns on holiday shopping sales in US. It is time to take risk off the table. If there is +10% move in the next 2 months, I don't mind not being a part of it.

I sold Nilkamal and Phoenix Mills last week after the stocks jumped 20%-30% within a couple of days I purchased them. Now it might turn out not to be the smartest thing that I have done if I am unable to re-enter at a lower price. But what is the harm in experimenting?

Disclosure: Positions might change at any time.

1 comment:

Penny Stock Info said...

China has some excellent companies trading at excellent levels.