The BIA Global Strategy Model Portfolio has removed the positions in Herbalife (HLF) and Biogen Idec (BIIB). Though neither position has approached stop loss territory, they have been stagnant. Based on today’s market pullback and increased risk of further sell off, along with the fact that two new positions were initiated in the portfolio yesterday, the decision was made to reduce overall market exposure for the time being.
DISCLAIMER: Nothing in this article should be construed as a personal recommendation or advice. Nor should anything in this article be construed as an offer, or a solicitation of an offer, to sell or buy any investment security.
The BIA Global Strategy Model Portfolio engages in short term aggressive, speculative strategies with an appropriate portion of an investor’s overall investable assets. Investors should conduct their own due diligence and seek the advice of a financial and/or investment professional before making any investment decisions