Sergio,you may be right..but,if we start seeing outflows from mutuals,we could see some short term snowballing..Investors had time to reflect on their positions over the long weekend..I guess we'll find out which way the reflection was seen and how strong they are in their convictions..If this happens,I don't think the sector will matter..I'm talking short term....still a longterm bull,but times have changed due to volitility,and IMO it is prudent to be more nimble than in the past..Buy and hold is great,but even widely held stocks are now much more voltile than in the past,which IMO means at times it is smart to step aside,regardless of tax liabilities or losses(and especially if held in an IRA account). There is opportunity to retain profits, rather than lose them,IMHO..DD
PS: how the hell do you spell voltile-theres red all over my screen(as in spelling errors<g>
PSS: I still think there is money to be made in penny-hypes though,they defy logic anyways... |
