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Income Portfolio Update

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Quick update with this portfolio.

Due to the large open profits in this portfolio and what looks to be at least a medium term top I have decided to liquidate this portfolio.

I am using basic T/A to decide when & where to exit these stocks - a case by case basis will now be used to exit as the market tells me too.

Stocks exited today are

CBA @ $51.6641
NAB @ $29.06
SUN @ $8.60
MMS (x1000 only) @ $3.92619

Will post more info on my decision later when I have more time

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  1. kennas's Avatar
    Could be a good move nomore4s.

    Even if there was a bounce from 4500 ish, there couldn't be too much more general upside.

    I'm not sure if we'll see a W shaped recovery here, or new lows as there is tooo much money still floating about in the system and it has to go somewhere eventually. I think if we do crash again significantly, even just to the low 4000s, interest rates will simply be lowered further and more money printed. Hopefully another buying opportunity.

    After that, at some stage, inflaton really kicks in, and we're in deep do-do.
  2. nomore4s's Avatar
    Yeah Kennas I'm also looking at the next leg down to be a major buying opp and will probably re-enter most of these stocks. And I will have $20k more to spend.

    Well that's the plan anyway.
  3. nomore4s's Avatar
    Sorry for the delay but I have been busy with work and a bit lazy as I'm not doing much trading atm.

    Here are some stocks I exited on 5/11/09

    WOW @ $27.59
    MTS @ $4.51
    WES @ $25.98
  4. nomore4s's Avatar
    More trades closed.

    NHC @ $4.17
    COH @ $61.21
    WBC @ $23.20


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