ADVENTRX Pharmaceuticals Inc (Anx) Message Board

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Biotech / Medical : ADVENTRX Pharmaceuticals Inc (Anx)

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To: ggamer who wrote (229)	8/16/2007 1:02:29 PM
From: Keith Feral	Read Replies (1) of 418

I'm seling cyclicals today that haven't been beaten up like the rest of the market. Blowing out of big cap leaders to preserve cash to come back another day. The mantra keeps working and the flushing sound isn't pretty. This week I sold tgt, ba, wmr, do, cvx, fnm ibm and a handful of other stocks that are still priced to perfection. This rotational correction is draining equity faster than I can imagine. You just keep selling anything that won't hold it's ground. Today, the only stocks that have caved in and are making a base are the big money center banks. Sell anything that will be hurt by an end to inflation like gold. I dumped half my fcx yesterday and sold the rest today. I don't see any risk of buying stocks back cheaper next week, unless we get a full reversal today. The market hardly ever reverses into option expiration, so I'll wait until next week to see what happens.

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