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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (45178)10/27/2011 7:53:57 PM
From: Jurgis Bekepuris  Read Replies (2) of 78464
 
The problem is that stocks are mostly still undervalued. So fundamentally it does not matter that Dow is up 400 points, there is no reason to sell. Now, if you assume future to be the same as past four months, then yeah, there will be another violent reversal down and selling today is great idea.

I sold a bit of BRK and my BBD position. Neither one is strong valuation call, both will probably go higher. Both were weak conviction positions for me, so I sold. Still around 20% cash as I was through most of this year (20% cash still means I bought more when stock prices dropped, since cash value does not drop ;)).
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