Monday, March 8, 2010

Beware of the tax-related selling!!!

So its been a while I posted...the reason if you had to ask, I was really on the side lines initially and then I went to India for a month-long vacation. I am slowly catching up with the news and market conditions now. Anyway, I thought I should jot down my thoughts on my observation, i.e., the market bottomed last year around March 9th and guess when all the big boys got in.. right around that time +/- 10 days ... So, if they are up big and they are completing one year since their purchase, what do you think their most logical step will be now? ... You guessed it right... SELL SELL SELL.. the market is up since Feb 8th and this move will suck in a lot of suckers, only to get trapped in the selling frenzy to come later this month... Heck, next week I think... lets see ...

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