Well, my recent purchases didn’t work out that well, burned on CIMT: stopped on KORS, and new purchase today- NBG already has me in the hole.
I was fortunate to raise cash early on, and lock in some big winners from the past. But, in general, new longs are now underwater. It will be interesting to see if the dip buyers come out in full force to end the week, or more pain continues. So far I don’t like what I see.
Cash levels have been raised.
Note: My scans are still coming up light, and content sitting on hands for now. Will update you guys tonight if I see anything worth wild.