Wednesday, August 8, 2007

Rogers - No Signal

After watching my paper profits slip away on my Rogers shares over the course of the past few weeks, I sold my holdings today not because the company's fundamentals changed but because I feel that the market will be very volatile over the next few months (perhaps until November) and believe that I can pick up the shares at a lower price in the weeks to come.

Well, with Rogers closing at $46.51 today, so far I'm right! Though with the number of shares I owned, that's not a big deal in the grand scheme of things. Nonetheless, you can never go wrong taking a profit.

I believe that over the next few months I will be taking profits when I can and hopefully, buying shares at lower prices on a number of stocks on my watch list.

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