Tue 18 Sep 2007
The Big Rate Cut
Posted by oneonian under Money Talk
With the big rate cut today, most stocks surged, and I thought it was a good time to take some of my FCX off the table in preparation for my portfolio balance in accordance with ranking I derived earlier. Now I just need to find an entry point to buy 1 lot of YZC, GRMN, CHL, and CREE. I believe, today’s rally, is beginning of a strong bull run, which will ultimately end with an inflation adjustment. In the meantime, it might be difficult to find a good pull-back to enter the market with my remaining buy positions.
2 Responses to “ The Big Rate Cut ”
Comments:
Leave a Reply
You must be logged in to post a comment.
September 19th, 2007 at 7:29 am
umm…there was no tax cut, it was a rate cut. But we know what you mean. And selling FCX???????? It still has an upside of at least 15%.
September 19th, 2007 at 12:25 pm
Its funny how many those errors I overlook. keep up the editor work.