In September, I’m afraid that I was woefully out of sync with the market’s whipsaw action.
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My stock picks were quite good, but unfortunately I seem to have gotten in and out of my positions at the wrong times.
September definitely had is share of frustrating moments.
I always try to learn from my mistakes, so I’m going to begin getting in and out of my stocks only when they cross 30- or 60-day moving averages.
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This bull market is in my opinion getting a little long in the tooth, so I’m trying to position myself for a downturn. At this point I’m only partially invested in equities while leaving roughly 40% in cash.
In my opinion, the two stocks that I presently own, Inovio (INO) and Neuralstem (CUR), will be affected less by the movement of the market as a whole and more by the success or failure of drugs they have in the pipeline.
Obviously these are gambles, but in my opinion they’re good gambles with a terrific potential upside.
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