Turning in the Keys to Some of Our Rented Exposure 11-23-05

Good Afternoon

The inclination to lock in some profits for the fortunate Bulls who caught this rally is extremely strong. The only thing preventing them from doing so will be continued traction in the NASDAQ. In other words everyone has their finger on the sell button and will act as soon as the internals start to slip.

This market is badly in need of a cat nap. Upside volume as a percentage of total volume is flashing warning signs that a correction is near. The oil inventory numbers which were released this morning are pressuring the commodity. This is providing a little fuel for the Bulls to keep the good cheer moving, although unimpressively so.

Your friendly neighborhood Kcap Team is heavily long and far outperforming the major averages. In light of this we have decided to start locking in some profits into today's strength (currently NASDAQ 2267). We will go home still very long but with a little more flexibility in order to add to our favorite names early next week. Money management discipline dictates that we don't try to squeeze out every last penny from every position we hold. Managing money is a process whether or not you gore Matador's or live in a den.

Hope you're doing well. Have a Happy Holiday...Enjoy your Thanksgiving! See you on Monday.

___________________________________________________
The analysis, opinions and/or forecasts expressed on the Kcap Trading Blog (“KTB”) are for informational purposes only and should not be relied upon in making investment decisions. By using this site you agree that Kleiner Capital Management, LLC (“KCAP”) and its principals are not liable for any action you take or any decision you make in reliance on any content. Please be aware that there is no commitment by KCAP to update the KTB. Furthermore, there may be inconsistent timing and follow up (if any) of posts.
None of the information on KTB is considered individualized investment advice and should not be construed as a recommendation or solicitation to purchase any securities. Reliance on information provided on KTB in no way establishes an advisor-client relationship. Investors are encouraged to seek the advice of a qualified investment professional prior to investing funds.
Clients of KCAP, as well as the firm’s principals and other employees, may be invested in securities discussed at KTB. However, any mention of said securities is not intended to influence market conditions for the security to the benefit of KCAP clients and/or principals and employees. KCAP is not affiliated with any advertisers on this site and does not endorse any of their content. For additional information and disclosures, please visit www.kleinercapital.com.
The information on KTB has been furnished from sources we consider to be reliable, but no guarantee is made with respect to accuracy.
___________________________

Click Here To E-mail Comments