Tuesday, May 25, 2010

market crashing. what strategy

despite it is against logic to sell down a stock of a company that is still making good $ and shouldn't be affected by Europe economy downturn, i decided to sell down some Haio after seeing it lost 4% stock price today. The purpose is to cash out a bit $ in preparation to buy into other blue chips since those stock are dropping as well. Not exactly a good time to cash out but since i have huge % of my portfolio in haio, i want to readjust my exposure sometime in the future, so better sell down a bit.

after all, it is still 'in the money'

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