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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (14301)	8/11/2022 2:25:15 PM
From: Kirk ©	1 Recommendation Recommended By Return to Sender Read Replies (1) \| Respond to of 27078

It is amazing how taking profits near the top and buying near the lows can get one over allocated to stocks quickly after a nice rally... I'm back in profit taking mode and STILL over allocated to stocks so I'll have to keep looking where to trim. Trading outside newsletter advice: Some things I trade on my own so I don't have to worry so much about publishing buy and sell levels ahead of time then having subs step in front of my orders. Or have the stocks so thinly traded that they can't all get the prices I list each month... For Example, I took a few profits today in the biotech fund I've been using to trade to compare with how I do with individual stocks I own and cover in my newsletter. (It is not XBI or IBB) Yesterday I took profits at $1.90 in a micro cap biotech stock I added to at $1.35. It is so volatile it went above my price that locked in a 41% gain then dropped to $1.48 today and is currently about 20¢ above the low of the day... Now I have to figure out where to put the money back in and where to take profits if it works higher... at least if we crash, test the lows, OR fill some open gaps below, then I've got the profit taking in both above to buy again.