Jos A Banks in on the sales list
One of the rules you have to follow is that you cannot fall in love with a stock. That's why with sad heart I must cut Jos. A Banks (JOSB) loose from the Barchart Van Meerten New High portfolio. One sale last week was buy a wool suit at regular price and get $1,000 worth of merchandise free. The sales they are having this week might be a sign but look at the numbers:
1 - 60% Barchart short tern sell
2 - Trend Spotter (tm) sell signal
3 - Lost 5.98% in the last week
4 - Relative Strength Index is 39.79% and falling
Jim Van Meerten is an advisor to Marketocracy Capital Management who uses his model portfolios not only to manage their mutual funds but also their clients Separately Managed Accounts. You can read his blogs about those model portfolios and investing here and on Barchart Portfolio Blogs. Please leave a comment below or email JimVanMeerten@gmail.com.
Disclosure: Jim Van Meerten through Marketocracy Capital Management has an interest in the stocks mentioned in this blog.