In conclusion, I am looking at a straddle* on GE. Investment in BRIC, and purchase of some lowlying high quality stocks. If stocks get punished, I think there may be another ‘high quality’ buying opportunity.
After a huge run-up since October 5, I am taking just a small amount off the table.
After a big run-up, I am selling 1/4 of my EMC position. Last April I was holding on to Volitile EMC, since then the stock has risen from $12, so I am taking a bit off the table.
I agree with JP, but I think the payoff will be felt sooner than later. I’m holding on to my 1/2 KR position.
I see a short term downside an opportunity to buy 1/4 of my portfolio goal for MCD.
I’m holding on to my GE Shares even though I have taken a beating for holding over 10 years. My Cost basis is $21.2175 so I am down 45.09% as of today. Here are some reasons why I’m still holding on…
Why am I selling? Tax Loss and Risk Reduction, plus the huge run-up in POT.
I will continue to hold my Full EMC position at this time.