Each week I visually screen about 500 stocks on my ACTIVE Radar. My technical scans do the Passive Radar thing for the other 5,000.
Being action oriented I tend to only "Date" stocks, rather than "Marry" them
[ although I found one last week that is Financee material, and will go into my "FIREnFORGET© Portfolio"].
That why today was a little sad as I eliminated TEN [ 10 ] positions, almost 25% of my total Tracking Porfolio. That said there are quite a few litle runners in that TRACKING PORTFOLIO that are hot-footing it to the upside but they too will have a time to sell come to them.
Today I sold ALL of MNLU
1/2 of GGN - 12% profit + divs
ALL of BQI - 5% loss
1/2 of GMO - 65% profit since Sept
ALL of EK - 15% profit since Aug
ALL of NOR - 76% since Sept 30
ALL of ME.To- 25% since 9/16
ALL of WDO.To-16% since Aug.
1/2 of UEC - 271% since 10/20
These were all trades, and sold either cause they were exhausted or the weakest current horses on my string.
Stopped out of NTR.V @ .66 last week for a double despite the subsequent sell off
Re-balanced by selling ALL Encanto Potash for a triple. I antcipate a Re-Buy.
I dumped MNLU for a 65% profit in two weeks, not because I didnt think it had more potential, but because I developed negative information on one of the insiders, and decided to exit.
Whilst I see GOLD hanging tough, I could make a case for the coming seasonal weakness to take some of the fire out from under it, but I see no such paralell for Silver, and have some Gold Silver Ratio thoughts about that that I have published elsewhere.
IMO, commodities will be back, but even the strongest and fasted horses need a rest.
Disclosure: Theoretical portfolio, sold out any I had, holding NONE