The BIA Global Strategy Model Portfolio has removed the entire position in the iShares Russell 2000 Growth Index ETF (IWO), that was added yesterday afternoon. The position was taken in light of a strong afternoon rally and reports that the situation with the Fukushima Power Plant had improved. Despite a bounce back rally in Japan overnight, US markets have not followed through. In addition, the latest reports regarding Fukushima have actually worsened.
The conditions and reasons for the original trade are no longer applicable, and as such the position has been closed with a minimal loss.
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