Trimmed Long exposure

After a 25 point S&P 500 rally I have trimmed my long exposure. I don't think the market is headed lower but a 25 point rally begs for some profit taking.

2 comments:

Market Owl said...

I think the market will be headed lower after today. I am going to get short, this an oversold bounce, I am bearish as all get out and trying to hold off on selling till near the close.

Anonymous said...

I sold half my exposure.

However I put in a bid to double the size of IPII. I think a stock like IPII will not go down with more overall mkt wreckage

Sold BBX @ 1.68