[FrankyV]

I prefer to be a contrarian- buy or hold a stock or the whole market when everyone else is selling and sell when everyone else is buying. It has worked out pretty well in the current cycle, which started in mid to late 2007, and now I am beginning to liquidate certain positions that are looking overvalued. Also, when a stock doubles in value and I still want to own it, I liquidate half (my original investment amount). That way if it goes back down, I have locked in the gain and protected myself from a subsequent drop in the stock.