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IBDvalueinvestin (99.68)

Bloodbath today caused by "Sell in May and go Away Crowd"

Recs

3

April 30, 2010 – Comments (1) | RELATED TICKERS: GS , INTC , AAPL

Which is taking profits today or using bear attacks on stocks ahead of the month of May next week.

 

But since everyone is doing the samething, the market may behave differently come MAY next week.

1 Comments – Post Your Own

#1) On April 30, 2010 at 7:31 PM, caterpillar10 wrote:

The old May axiom holds over time but it didn't really work last year and in my opinion it won't work this year either - to much opportunity. I have 3 hedges I deploy when I'm in for the Summer and in the right volumes they'll keep you at least flat in a sell off. DXD SKF and DUG. And, true to your title they are exactly my top 3 gainers for the day:) whew!

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