This week, the markets are fidgety, making twists and turns. Not unexpected for all the chaos going on throughout the world. And every investor without access to top-shelf research and timely recommendations is struggling to decide: What to buy? What to sell?
Safe Money subscribers don’t have those problems …
You see, they receive crystal-clear views of the financial landscape and how it will impact their financial future. Plus they get specific guidance on “what,” and “when,” and “how” to buy. And since the markets can turn on a dime, we’re always ready to send a Flash Alert to protect and grow their wealth.
If you’re not on board yet, we hope you’ll take a look at some of the insights we shared with subscribers this week.
We’re sorry we can’t give you the investments’ specific names … that wouldn’t be fair to our loyal subscribers! But we think you’ll get a good sense of the value Safe Money subscribers receive, whether the market is up or down.
Dear Safe Money Subscriber,
Just a few days ago, I recommended you bag partial profits on two positions. My tracking indicates you bagged about 9.82% on the “utility fund,” assuming you bought on my original recommendation in October 2010. You should have also pocketed about 16.13% on half your “nutrition company” shares, assuming you bought them on my first recommendation last November.
Now it’s time to take the scalpel out again! Many of my fundamental and technical indicators suggest the market’s underlying health is weakening. The news on the economy continues to get worse, too. We just learned today that housing starts plunged almost 11% in April, while building permits slumped anew. That came on the heels of news that the service sector is weakening, while jobless claims are rising.
I don’t think it’s time to sell everything and run for the hills yet. But I do believe it’s time you reduce your stock exposure further. So at the earliest possible opportunity, I recommend you …
* Bag gains on half your shares of the “food company!” You should have open profits of more than 7% since early April, when I first recommended purchasing this food company. Hold your remaining shares.
* Sell your entire position in the “home appliance manufacturer” at the market! You’ll take a very small loss of about 1%. But I’m concerned that the lousy housing market news we keep getting will continue to weigh on this appliance company. Yes, it’s cheap … but it could get even cheaper in a weak market.
Hold your remaining positions … but definitely stay alert. I may have more additional recommendations in the weeks ahead.
Until next time,
Mike
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