About the Author

Stephen Oakes is an experienced financial titan from New York who brings Wall Street to Main Street. Over the past 11 years, he has developed and tested the renown, Oakes Momentum System, which uses a unique constellation of technical indicators to find timely buy and sell points. He holds an M.B.A. in the United States (New York) and has studied internationally at the Reims School of Management in France.

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Great Returns…with Caution

May 1st, 2007 • Related • Filed Under

For the past few weeks investors have really reached down in their pockets to help propel this little market along. Our portfolio has taken off yet it is not time to pat ourselves on the back. In the past two days alone things have relatively weak.

If you have not liquidated your position in Quality Systems Inc (QSII) you may want to think about doing so. This is a heartbreaking sell because the technical setup is still very attractive. However, the overall strategy was to not lose more than 5% on any given stock and there is no room to second-guess or doubt my judgment. The Jutia Portfolio bit the loss and is moving on. Cash is king in a weak market and we will wait for better opportunities to arise.

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