Bloody Hell!

4 May

May has certainly lived up to its expectations.  The saying goes, “SELL IN MAY, GO AWAY!” with the notion that investors should cash in their investments and take the summer off.  Historically, summer time seems to prove to be the worst performing months of the year in the stock market.

In the meantime, I have sold positions in COS.TO and POT.TO to free up some cash.  However, I have dug myself a pretty big hole in my margin account.  My latest buys of AAPL and CLF have faltered and in the steep path for margin calls.  My optimism for the stocks to rebound has been short-lived.  This goes to prove that the market is unforgiving and you should always take precautionary steps to protect yourself.

If I see an opportunity to jump in, I will.  For now, I hang onto my stocks for dear life.  I shall take a buying break from the market, and see how the market will churn out in next week.

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