What to do in a Limit Down Open

Posted by Howard
on March 5th, 2007

We have not had many of these, but Friday afternoon you could see the potential .

Some funds are confined by their strategy – mainly mechanical funds. There are great times for these funds – like the last three years, and bad ones, like the last two weeks.

If you are managing your own money and stayed on margin through last week, you are brave and irresponsible.

You may pay deary the next few days.

If I was a seller this morning, I would shed my weakest stocks and those I don’t think are rising anytime soon. You can sell to buy back later.

I won’t short into weakness, but have a list of stocks to hit based on their acion throughout the day.

Again for me, it’s do little unless we hit an extreme.

At 11,800 I would be doing a little buying of my faves.

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