Patience Will Pay
February 19, 2012 By Leave a Comment
www.preciousmetalstockreview.com
February 18, 2012
It was yet another very strong week in US equities for the most part and major US markets are now above 2011 highs with the exception of the Russell 2000.
This market continues to amaze me with it’s relentless march higher but this past Wednesday we did have the look of a reversal coming as certain leading stocks tanked hard which caused us to take our profits off the table and get short early the next day only to see everything head back up higher once again forcing us to take some losses in the swing trading portfolio.
It happens, and you have to be quick and not think to much, just act. Unfortunately it was a down week as a result for our swing trading portfolio which is now only up 86.53% in 2012.
I’m not thrilled about this but I’m sure we’ll be back up to year highs again in the next few days or so.
In the spirit of this being along weekend I’...