hergerr
i agree
the only thing i did a couple of days ago was to swap out of some stocks that had run e.g. lEI and replaced it with a defensive which i thought was undervalued SHL- (which was starting to move up in an upmarket)i bought at 11.50 -now 12.30 in a couple of days. This little play was only 8% of my capital but it has paid off.
So I generally agree with your sentiment hergerr but I plan to do the above again if the market rallies more than 20%
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