Thursday, August 13, 2009

Out of CMG.B, look to buy in lower

CMG.B has been showing considerable weakness in this market correction sell-off.  I'm sold out of my small 20 share position at $78.28, taking a $50 gain.

It seems like the realization that the stock market going up can not bring the economy out of this recession, and instead of a new cyclical bull market we are seeing a bear market rally.  I'm thinking of buying an SPY put as portfolio insurance to hold onto my gains, similar to the way Trader Mark has outlined.

AAPL is showing considerable strength though...

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