Post by
Ducksoup000001 on May 06, 2015 6:45pm
Sell in May is upon us
No matter how you hate to admit it......fact is fact. When you try to tame the optimism you always expect to receive denial of bad things to come. People are lazy as sitting ducks but not proactive to the force of the market. This is not a buying opportunity yet and June will see more selloff as in the past. This year the market appears to follow very closely to the normal pattern. So I advise to act accordingly. As for CXR my last position is around $91.5 so I am underwater. Yet I have to guard against a dip below $82. Set a stop loss to protect capital and wait for another good entry point in the summer and the Fall. This will be the name of the game.
Comment by
GMAN66 on May 07, 2015 11:06am
if you look at the chart isnt there a large gap to fill under 82 that could see this back at $65 if technicals hold true and lack of jaw dropping news? Never got in on this one so I'd like to see it there and fill my hat!