Connie, we had many of those core stocks in the 2001 bear move, and most did quite well, provided that stop losses were set (and most were kicked out with those stops, still with nice profits, just to reenter at the September bottoms at nice discounts). These stocks, like IGT, POOL, PII, SFD, COO, AGM (special case right now due to the regular attacks by Gotham, and the huge 46% short interest) and SKX are "supposed" to be kept for the long run, as long as they don't violate their respective stops. The like of AAPL, SOL was gotten in because they became value stocks, but they will be taken out if the market gives signs of topping next month, hopefully, AAPL well above $20 for a nice 25% to 35% gain, and SOL in the $13-15 area for a 30%-50% plus profit.
Zeev |
