Selling Early26 Sep 2009 17:23
There are very few traders that dont sell too early every now and then, wouldnt be too gutted, i always try to hold for at least 50% profits b4 taking money off the table unless its a low beta largecap company ive bet with sizable leverage.
Best analogy i heard for investing was to think of the recession as a 9 innings baseball game, and were only 3 innings in so far. IIs about capturing the big movements. Ive moved to fairly lighhtweight in equities at the moment, potential upside is outweighed by prospect of a decent correction now in my view, the market is starting to shrug off the good news and focus on the negative.
Its worth remembering that the stock markets are there for the big players to make money, they need retraces in order to do this, whether the economy is improving or not there has to be big pullbacks.
Cant see any relation to TAN whatsoever though? Good thing about KAH is its slightly protected from general market movements. If the upcoming EXT report is positive as seems likely then the whole EXT/KAH/URU/PRL/EML spidersweb shoots up higher.