Just sold all my holdings in AMU. Nothing to do with the stock rather;
1. Greece future debt default - it will re-appear and is becoming politically unstable 2. Rating downgrades for Italy, Spain, Portugal in very near future with possible other major debt issues there 3. Rating downgrade for USA once they increase their debt ceiling at end of July with no real plan to reduce spending to the entent that they need to 4. Job reports out in the USA later this week which will not be good 5. End of QE2 at end of this month
Too many negative factors lurking. Too risky to stay in the market. Also sold most of my other stocks as well. Will wait for the selloff to complete which could take several months and then look to bargain buy back into the market if it appears to be bottoming out.
AMU Price at posting:
21.5¢ Sentiment: Sell Disclosure: Held
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