Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (3195)	1/7/2022 11:18:39 PM
From: Rarebird	1 Recommendation Recommended By Sun Tzu Read Replies (3) \| Respond to of 10593

<<I dumped all my stocks within 2 hours of the NDX top>> From where I sit, that's sort of radical. I can't do that unless I think the whole stock market is gonna crash. My portfolio was up 4 of the 5 days this week. Wednesday was down .7%. Up 1% for the week. I get rid of positions that are not working before the real damage comes. I sold my Chinese A shares on Wednesday for a 2% loss, along with GOOG. FB was sold on Thursday after a huge early bounce for a flat trade. Nice profits were taken on ANTM and THQ on Thursday. As you know, I have been touting defensive issues, tobacco stocks, utilities, healthcare, energy stocks and AXP. COP was up over 10% for the week. EPD and AMLP were up over 8%. AXP, OMC and BRK/B were up close to 7% this week. PM, WPP and SWMAY were up 4% for the week. In healthcare, I remain long ABC, CI, SNY and BDX. I especially like BDX, which was up 1% for the week. I like it because the stock has been consolidating for a bit with a slight upside bias and is poised to make a move higher at any time. I have a price target around $315-320. There were a number of stocks that moved considerably higher this past week. All the news, however, will center around the major indices and the rout of megacap growth tech. Anyway, it doesn't look to good for the stock market short term over the next 2 months.