Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 671.40

-1.1%

Dec 17 4:00 PM EST

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To: Brian Sullivan who wrote (50348)	5/16/2013 2:07:32 PM
From: Fintas	3 Recommendations Read Replies (1) of 220334

I think you FAILED reading comprehension 101. I am a PERMA BULL. I hold CORE stocks. I write COVERED calls where applicable. What I'm presenting is a healthy retracement. That isn't yelling that is being objective. And doing so while STILL maintaining much higher SPX upside. I own MSFT down in the 19 area as an ex. Would I sell it? As I just stated you fail reading comprehension or you are not aware. I have discussed MSFT in the past and NO I'm not selling.In fact I just water marked it at 34 where it applies. You might want to get your exercise from other than jumping to conclusions. I see your % and kudos but not to be a smart arse but I owned seagate long before it was STX and caught it from 24 to 75.38 in 1 1/2 years. Those who DIDN'T sell it watched it drop to 54 before it was taken in 2008. There is a time to sell my friend. I had GLW long ago and sized down to take GLW and last buy at 1.95 to get cost basis in the low 3's and I was out OUT in the teens. 13 month time line. Re CSCO. As I have posted I'm very familiar with it. Probably a bit more than you given my contacts. I had the 22.5's at 1.25 and out at 11.34 while grabbing a a bit more than double in the stock from 16's to the 34 and 13 months.. Here and now re Csco. I double checked my memory with a dose of fact and CSCO turns it's RSI right at the .939. It should do so. Yet it needs a 1.06 before it gives a buy signal.That would be the 27 area. Would I sell it at 27 If I owned it at 12/15. NOPE. But will I buy it here without confirmation. NOPE.. It's a buy on dips. IMHO The SPY can drop and will. I'm on record. That's not yelling. That's a perma bull being objective and one who knows when and how to take profits OR lock them in.. Be well Fintas

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