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Taking some profits/Placing some bets
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After about a month of solid gains on some of my positions mentioned in one of my posts from 02/05/08 ETF Plays... I am taking some profits on UNG and DBA. In the past month I have had gains of about 18% and 11% respectively. I still believe in the long term story and I will continue to hold these positions in the future. In the short run, I think that there is a mild selloff coming and I plan to be doing some more selling betweem now and the end of March or April. I plan on getting back in later in the year. I am also taking profits on two other positions that I did not mention before, SLV and GLD. I have had gains of about 21% and 9% respectively in the past month. I also have a similar plan for these holdings, I am getting out in the next month or two only to get back in eventually. I am also doing some selling in a few of my losers, VOD, GE and MSFT. Down about 6%, 5% and 2% respectively. I will be adding to my portfolio, believe it or not, KCE, a capital markets ETF. Mostly a bet on the brokers. Call me crazy but I just can't see how a little guy like me could have outperformed on commodity plays and the big wigs did not see it coming too. Well that's not the only reason. The other reason I am making this bet, is interest rates. With rates this low, they have to be making money. Right? Also, with CD rates in the 3% range across tha country, people must be flocking to their brokers for "alternative solutions". I am also buying IGN, a networking ETF, based mostly on an international technology infrastructure story. Man I sure hope this move works, it can turn out to be brilliant or really stupid. Only time will tell. As always, stay diversified. | ||
Comments (2)
Take the money and run. Wait till they come down again. Sounds solid to me. Crazy is as crazy does... my best investment so far is my Brazilian homebuilder. lol
Uncle John
Posted by Uncle John | February 29, 2008 8:59 AM
Edwin ( whose name means PROsperous Friend in Olde Englishe )
As Waylon Jennings once said," I've always been crazy, but it's kept me from going INSANE" !
TIME is a Warrior's ULTImate weapon.
Time heals all wounds & wounds all Heels. Not So ?
I do think that there will be a "STRETCH" for yield. I haven't seen it yet in the more traditional ( Conservative ?? ) stocks - the Yutes ( Utilities ), yet.
The last refuge of the Market Scoundrels is Large CAP dividend players tha provide re-cession resistant goods & services ( You gotta EAT & stay warm and wash yourself and your clothes -- Not So?? )
Cash is Trash in a Performance Contest -- Buy good divvy payers with a Growth/Value 'Kicker'.
Plan your Work, and work your Plan.
RoiRRawGnIkIV ( former SLO-1 VikingWarrior "Wild Man" and winner of the SLO-1 "MISS CONgeniality consolation Prize )
Posted by don ferk | February 29, 2008 1:04 PM