Time to trim out some deadwood

Time to trim out losing positions and accumulate some cash for a sunny day

By Jim Van Meerten Jun 7, 2010 12:23PM

I have no crystal ball to tell me what the market will do. I do have a system or discipline that I use. I'm long when the market is rising and the economy is expanding.  I'm short when the economy is contracting and the market is tanking. When the market and the economy are in trending in different directions -- as they are now -- I trim poorly performing positions and accumulate cash till things straighten themselves out.

 

Time to trim a little deadwood from my Wall Street Survivor portfolio for the following reasons:

Grupo Aeroportuario (ASR)
  • 80% Barchart technical sell signal
  • Trading below it's 20, 50 & 100 day moving average
  • 16.98% off it's previous high

Acxiom Corporation (ACXM)

  • 80% Barchart technical sell signal
  • Trading below it's 20, 50 & 100 day moving average
  • 20.61% off it's previous high

Franklin Electric (FELE)

  • 64% Barchart technical sell signal
  • Trading below it's 20, 50 & 100 day moving average
  • 24.88% off it's previous high

American National Insurance (ANAT)

  • 80% Barchart technical sell signal
  • Trading below it's 20, 50 & 100 day moving average
  • 18.03% off it's previous high

Jim Van Meerten is an investor who writes about investing on Seeking Alpha, Top Stocks and Barchart. Please leave a comment below or email JimVanMeerten@gmail.com

 

Disclosure: I have no positions in the stocks mentioned at the time of publication

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