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To: loantech who wrote (66086)7/1/2009 9:26:04 PM
From: tyc:>  Respond to of 78419
 
>>Should we sell now and walk away?

It is not easy to determine whether a trend is intact. But it's a damn sight easier that trying to establish the future state of the economy etc. The strategy I espouse requires one to be prepared to take small losses.

FWIW I have reduced my holdings of "you know what" because it has declined, although I am assured by someone whose opinion I value that the uptrend is still intact. I can and will increase my weighting in it when it climbs again. (I still hold xxx,xxx). Similarly, I have just repurchased my IMG after getting out because it had fallen.