Dividendo do BCP escala no “ranking” dos mais atrativos da banca europeia

[Incognitus]

eheheh, eu ontem mandei-lhe um mail com 3 papéis que ontem subiram 50, 70, e 130%. A única característica que ligava os papéis era o facto de serem antigas damas do ano 2000.

[Ulisses Pereira]

Apesar de continuar optimista em termos de médio prazo, neste artigo Cramer explica porque é que está a fazer algumas vendas.

Ulisses

"Why I'm Selling"

By James J. Cramer
06/04/2003 11:12 AM EDT


"This morning, I raised a huge amount of cash in my Action Alerts PLUS portfolio. As usual, I let subscribers sell first; that's part of the deal. I took action later. I want to fill RealMoney readers in on why I made these sales and raised the most cash I have had, not on a percentage basis, but on a gross basis. And I want to point out, as I said in the bulletins, I am not done selling.

First of all, I caught this rally. That's really important. I am now in the driver's seat in relation to the market. At my hedge fund, when I was in the driver's seat, I saw very clearly. One of the things I see clearly here is that the market has gone up quite a bit very fast. I don't like that. I have made that clear to readers, listeners, watchers, whomever.


Second, I am a huge believer that there are bulls, there are bears and there are pigs. I have let things run huge, and after a discussion with my wife, the former Trading Goddess and the owner of 50% of the monies I am trading, I felt chastised. I felt piggish. I communicated that, too, to the Action Alerts PLUS folks.

Third, I still have enough money in the market that I can scale more out as we go higher, which we very well may. I am taking some off the table, not all.

Fourth, there's been a little too much nuttiness of late. I know the Federal Reserve is engineering a rally here. I am not in favor of another rate cut. I think things are better, and that a rate cut would be a panic move by the Fed. I don't like panic.

Finally, I have said repeatedly that when the market gets too hot, I get antsy. I relate that to the Holland Tunnel Dinner, at one time the hottest griddle I have ever seen. You leave eggs on it for 10 seconds, you get great eggs. You leave it for 11 seconds, you get burned eggs.

This griddle is too hot. I was actually hoping that the market wouldn't run here. I wanted it to stop going up. I wanted it to meander. This is not meandering action, it is red-hot speculative action.


I don't need to be as long as I was when it gets this speculative. We have the oscillator that I follow, the S&P's oscillator, north of five, something that I can't ignore even as I have said you can't be doctrinaire about it in bull markets. We have tons of bulls. We have incredible confidence at a time when it would seem that a huge level of confidence might be misplaced, although some confidence is OK.

So, I am doing some selling! "

(in www.realmoney.com)