The market has been in very good holiday spirits in the past few weeks - it's bumping it's head against some high ground. I told a friend that I'm feeling a breakout coming. Well, it will either breakout or bounce back down in the new year. I'm prepared either way.
INTC definitely has had some upward motion in the last few months. The rest of my account has been mildly up, and the combination of that and the onward climbing of INTC cause a large sell signal. INTC was the only stock outside the range of values, so I sold enough of it to cover the entire suggested amount. That is the only thing that happened in all of the accounts in term of buy or sell signals, even though pretty much all of them had risen - just not enough to make up for the recent down action in the market over this year (with all the rate raising and such.)
I did a little bit of adjusting in my account. I had pushed the number of stocks down to 4, but since I had an extra bit of cash in my account, just after last month's update, decided to add another one. I was looking through the current Dogs and noticed MMM was surprisingly down. It was actually listed as one of the Small Dogs, which I would have never thought it to be! I decided to buy enough shares of it to put it in equal value to the other stocks. I'm glad I did. Since then, the stock has gone up over $10 a share!
Also, in my son's account, one of the stocks, LUMN, had gone down close to $1 a share. I wasn't convinced that it was really seriously in trouble, so I sold 1 share of one of the healthy stocks in his account to buy a bunch more of LUMN. In Robert's book, he discourages you to chase a stock into the dumps, but I still feel that this company is an exception and has some upside. Since then it is now creeping up towards $2, which would double the value of that stock, doing Harrison's account a lot of good. I try to not break Robert's rules, but I also try to see the logic of not panicking when it makes sense.
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