SOLD XOMA $0.97, -7.6%SOLD PWAV $1.54, +26%
SOLD APL $8.33, +61%
SOLD AKNS $1.43, -3.4%
SOLD AHD $4.81, -13%
SOLD CNXT$1.30, -5.1%
SOLD IO $3.17, -4.5 %
SOLD 1/2 CAEI $1.53, -23%
BUY ABT.TO $5.46
I think its wise to take some profits off the table and limit my losses here. The market started the day strong but has sold off since and is looking weak. The VIX jumped sharply, which is the volatility index and markets are becoming more volatile. Often referred to as the fear index, it represents one measure of the market's expectation of volatility over the next 30 day period. Raising some cash here and I'm neutral on this market now as I predict there will probably be a pullback here. Still like holding commodity related names in this environment.
Remember, although you might get stopped out right now and have to take a small loss, you can always buy back in after if the stock comes back. A lot of people will hang on to weak stocks, hoping that the stock will come back eventually, however they never do or they take a long time to. Why tie up your trading capital and experience opportunity costs? Also, never HOPE that your stock will come back to the price that you bought it at, there is no room for hope in trading and like they say, "hope belongs in the bedroom."
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