Bookkeeping: Closing Blackrock (BLK)

Blackrock (BLK) has one of my favorite CEO’s and I like the company, but if I were only looking at the chart I’d have some concerns - the stock has begun trading below all key moving averages. Since I’ve added a lot of financial exposure elsewhere I am going to close this position and we’ll assess later. It has been acting curiously weak considering the sector has had some of the “stars” of the market of late. Since it is up 8% this PM, I am going to sell into this strength….
Original Source: http://feeds.feedburner.com/FundMyMutualFund

  3 October, 2008| Fundamental Analysis | @ 12:48

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