Tuesday, October 18, 2005
Sold WSCI
I have managed to stay above water so far this week, with my portfolio picking up $2,700 yesterday and $100 today. There is a lot of fear out there. On net, I regard that as a good thing. I'd be much more concerned if investors were complacent. Nevertheless, even though I think the balance of probabilities favors a rally in the remainder of the year, I want to stay defensive.
With that in mind, I am trying to sell some of my less favorite holdings. Case in point: WSCI. I sold all my shares when the stock jumped 10 percent today on anticipation of a good quarterly report. It may turn out that it was a mistake to sell here. The stock, after all, has jumped after every quarterly report since I started following it at about this time last year. Still, I don't want to take my chances with this one. I already own a bunch of contract manufacturers, and quite frankly, WSCI is the least attractive of the lot.
With that in mind, I am trying to sell some of my less favorite holdings. Case in point: WSCI. I sold all my shares when the stock jumped 10 percent today on anticipation of a good quarterly report. It may turn out that it was a mistake to sell here. The stock, after all, has jumped after every quarterly report since I started following it at about this time last year. Still, I don't want to take my chances with this one. I already own a bunch of contract manufacturers, and quite frankly, WSCI is the least attractive of the lot.
# posted by Stockcoach @ 9:33 PM 
