••Reduce
overall stock positions due to whipsaw mkts& wicked volatility, which is pushing risk/reward ratios to undesirable levels.
To offset drawdown risk, maintain balanced portfolio’s in both longs&shorts
(strongest/weakest sectors only), & take regular profits on all positions &/or
use close trailing stops to lock-in shorterm gains. ••Don’t
be caught out by US$ bear mkt. Currency weightings in
your portfolios can be more important than investments
held. Recom HSL currency weightings: US$ 10%, Euro
20%, NorKr/NZ$/DK 50%, GBP 20%. If overweight in US$,
reduce exposure - - some at mkt & some on rally towards 98.30
(basis June Cx). ••US
subscribers contact Chuck Butler at Everbank for info on FDIC insured
world currency
accounts. Contact Chuck via Tel: 1-800-926-4922. Or email: everbankworldmarkets@everbank.com ••Traders
can also hedge against US$ depreciation via Prudent Safe
Harbor Fund (PSAFX) no-load. Gains from falling US$& rising
gold. Buy a bit at mkt, again on 2-dc over 12.00.
• • • • • • • Top
Picks of the Month • • • • • • •
•• CANADA: Dorel
Inds (TSE: DIIB) buy a dip to 41.00
(spec buy at mkt); stop: 36.90. ••GERMANY: Papastratos
Cig (Frankfurt: 725283) buy betwn 17.75&18.25 (spec
buy at mkt); stop: 16.20. ••LONDON: Scot
Power (LSE:
SPW) buy small longs at mkt; stop: 349. Buy more at
405.00. ••USA: First Tennessee Nat’l (NYSE:
FTN) buy at
42.00 (spec buy at mkt); stop: 37.80. Marvell Tech (Nasdaq: MRVL)
buy at 26.00-stop; stop ½ at 22.50, ½ at
21.00. Speculative. |