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Author: alnelsonslady One star, 50 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 3435  
Subject: Re: Near the edge of the cliff? Date: 10/6/2007 12:14 PM
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Gary

Thanks, interesting, I am a cross between a long term trader and investor, I often take short term profits, being a non US resident the tax implication between short and long term is not relevant

I only run my own modest portfolio, and have the ability to buy and sell very quickly, if I am away or out of touch for a couple of weeks I often liquidate in full, I use Interactive Brokers and dealing costs are immaterial

I agree there will as always be profit taking prior to the end of the year

I find your comment that significant drops can be caused by short term traders taking profits, facinating and a point I had so far missed, over the last couple of months I am ahead some 30% plus and am seriously thinking of going totally to cash to wait for a minor dip, and if I had to wait until Jan 08 I could afford it

Of course those running large funds and portfolios do not have the flexibility that a modest individual has, I am invested in emerging markets with a large proportion in China

I also belive that the greater returns from these markets far outweigh the risk, because a world drop is just as bad with USA or European stocks, and growth is limited

I remain bullish especially when October is behind us, can be a tempremental month, hence might just cash and wait for the smaller correction, as around mid August

Alastair
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