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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Paul Senior who wrote (35210)8/22/2009 2:13:44 AM
From: Spekulatius  Respond to of 78751
 
I agree with your assessment regarding NOC - it's not a sell but far from a buy as well. As I pointed out when i bought it, NOC is in no danger of going out of business but growth prospects are not stellar either. NOC's chart looks like it has topped out several times at about 50$ before which is where we are right now. I decided to do some sales and sold those names that i have the least conviction in, which happened to be NOC and SMBL.

I am not afraid to carry large cash balances - i think there will always be something to buy.