One of the rules you have to follow is that you cannot fall in love with a stock. That's why with sad heart I must cut
Jos. A Banks (JOSB) loose from the
Barchart Van Meerten New High portfolio. One sale last week was buy a wool suit at regular price and get $1,000 worth of merchandise free. The sales they are having this week might be a sign but look at the numbers:
- 60% Barchart short tern sell
- Trend Spotter (tm) sell signal
- Lost 5.98% in the last week
- Relative Strength Index is 39.79% and falling
Jim Van Meerten is an advisor to
Marketocracy Capital Management who uses his model portfolios not only to manage their mutual funds but also their clients Separately Managed Accounts. You can read his blogs about those model portfolios and investing here and on
Barchart Portfolio Blogs. Please leave a comment below or email
JimVanMeerten@gmail.com.
Disclosure: Jim Van Meerten through
Marketocracy Capital Management has an interest in the stocks mentioned in this blog.
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