I think we'll have to be writing more frequently, as a lot of you folks may be losing your shirts without our wise guidance in these treacherous markets.

When a lot of gas is shared by most of the major indices, it's time to take notice. Even with an occasional exception like the Hi-Tech's in the Nasdaq or when the oil stocks peak up, it's important to know when to pull in the reins.

Say your investment advisor is beating the drums for the Biotech/Genomic stocks. I probably don't have to tell you again to be careful, as you're probably been wounded already by overeager brokers. In these choppy markets, you protect yourself by taking profits where you think the stock is overpriced, and taking losses where you aren't very hopeful about near-term prospects. If that seems too drastic, remember that in that case we always recommend selling one-half, and keeping one-half. Restrict any buying to stocks that you believe have something very special going for them, and the timing of any buy looks right. And don't overpay. As with real estate, a lot of the profit in stocks is in buying right. If you're really concerned, buy nothing and sit tight, accumulating cash. Because we're at that time again where CASH IS KING! Stay tuned.

The Market Pro

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