When stocks behave oddly than they should have over a 5 days time, its better to get rid of them even though they are making loss. This strategy doesn’t hold good for long only investor, because they don’t have to actively manage their portfolio.
Hence, UCOBANK [stockquote]UCOBANK[/stockquote] that was stuck in the portfolio since long needed a push out. The stock in the holding period made a –5% return. Although, selling this stock provided us opportunity to hold another stock where the technicals are supporting a buy.
The RSI and CMO levels are confirming an up-move, which is being pushed further ahead by the bullish penetration of the signal line by the MACD line.
Hopefully, the technicals will prove themselves again as they did for FKONCO, which is up 11% since I included in the portfolio this Friday.
The portfolio currently looks as follows.
Cheers!
