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Strategies & Market Trends : Ride the Tiger with CD

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To: Canuck Dave who wrote (26819)	3/13/2005 11:04:54 AM
From: rubbersoul	Read Replies (1) of 313060

For me having some cash most times is an essential arsenal in one's portfolio. It allows one to take advantage of volatility in the markets and allows one to realize some profits especially if a stock runs up 50% in a day or two. Cash to me is not an investment but a resting place. My late night idea yesterday of imposing a have cash rule is pretty dumb and contrived and may not always be advantageous in a market. But one thing I am learning to do is to take profits which is a must. What I usually do after I have taken profits is put it into another undervalued situation which has not moved to the upside yet ST or has bottomed. Sometimes I wait to reload on the same stock if it consolidates which I'm sure many investors also do. But even as I trim profits or cut losses I make sure it is within the same sector or a sector which I am familiar with. For the second time in a year I am 20% cash after having realized some profits with energy stocks and recently gold stocks. My cash position rarely lasts for more than a week, LOL! I'm realizing more and more that in this market we need to be flexible in our investment styles. There is just too much volatility out there. JH

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