Time to sell those FIN and IND shares?

[DEP]

Time to sell those FIN & IND shares?

[SimonPB]

why ??

[DEP]

well, I can't find a reason to hold these...

[DEP]

*good reason

[#5]

how about they keep going up? ...and everything else seems to be going down?

[DEP]

yeah... we have been here before. Well, give me a compelling reason for your assumption.

[DEP]

... its quiet possible - I'm not a fan of hype though! I'm looking at shorting a Ind (hype share) and longing another Ind (a bit beaten down) in the same sector.

[DEP]

... since there in not FIn&INd index shorts available.

[Russ]

My rule of thumb:if a share is in an uptrend,go long on pullbacks to support;If share is in a downtrend,go short on rallies to resistance.A technical analyst on summit a few night ago said that he has gone short on MPC because "it can't go up forever".What a bad reason for shorting a share!It is the opposite of catching a falling knife.How exactly do you decide that it has gone up enough when it has been in an uptrend since July 2008?

[BC02]

My broker told me 2 yrs ago MPC was over-valued @ R 80 we need to sell. Unfortunately I listened to him - it was an important less to have learned, they might be over-valued but theres truth to "ride out your winners".

He was right though...at the time it was over-valued, so is SAB, NPN and BTI today, to name a few. Doesnt mean the price wont go further up.