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Gann Management Ltd- Celebrating 28 years of
continued success!
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Telephone 0161 285 4488 | Fax 0161 494 6432 | Email
info@gann.co.uk |
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26th June 2006 |
EQUITIES - Knowing when to sell is far more important
than buying!
During recent falls many investors have suffered
far worse than the indices would suggest. Looking at the UK alone there have
been dramatic losses of between 20% and 50% over a 3 week period.
Our
approach is to adopt a strategy of great defense and not the often disastrous
policy, followed by the vast majority, of always being invested.
As we
are in the enviable position of being able to spotlight tops and bottoms before
they develop our selling program triggered sales for 16 holdings dating from
the 11th May (just 6 days from the top) and throughout May.
This
ability to see trouble and then to act decisively to preserve capital is a rare
quality.
Ask yourself how many times the financial industry tell you
when to sell rather than when to buy...never ever is always the response I get
when I ask the question. Why don’t they? Because they haven't a clue and
even if they did they could not react.!
But now for the good news.
After the fall, highly selective opportunities are developing. Investors who
have suffered will not be in a frame of mind nor have the courage and
confidence to pick up the bargains.
Our portfolios have been cleared
out resulting in a 80% plus cash position allowing us to pick up 5 bargain buys
all showing positive to date.
Why not join in? There are more in the
pipeline.
BONDS, at crucial long term levels.
Our subscribers are well aware that during difficult times we
hedge our position by holding inflation linked stocks. This time around this
has not been an option with the Debt markets (Gilts, Bonds Etc) having a
dreadful year to date.
However, UK Gilts are nearing crucial levels The
centre angle on the chart emanates from the lows of the 1980’s which if
broken suggests a drop down to the lower of the angles. Strength from here
could present an opportunity. The implication in the event of a fall is that
interest rates are to rise sharply...not a pleasant thought for all those
indebted to the banks. The same scenario applies to US Bonds with a similar
angle. Is this scary or an opportunity? Only time will tell
GOLD
now on support
levels? Perpetual gold bugs along with most other investors have had a
battering of late with a 25% fall in the bullion price. Many gold mines have
suffering to an even greater extent.
The good news is that our analysis
suggests a build up of support for gold related vehicles. Our buying program
has re-commenced with some juicy looking morsels not too far away.
The
Bullion chart confirms a continuing medium term upward with higher tops and
bottoms. If there is a fall under 540 then the low will be penetrated when
dumping gold would be imperative.
Know when to buy but also know when
to sell.
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© 2008 Gann Managament Ltd.
All Rights Reserved. Gann Management Limited is authorised and Regulated by the
Financial Services Authority.
GML Company Reg Number: 2069317 GML VAT
number: 616003878
All information on this website - www.gann.co.uk are
subject to the terms of this:-
DISCLAIMER. |
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