Along with the proceeds from the Given Imaging sale, and cash flow received today, I avoided the demerit by covering the purchase of IGE in the manner permitted by the trading rules developed in connection with the Vix Asset Allocation Model and the characterization of the current stock market as being in a long term secular bear market.
The movement off the March lows is consistent with the kind of cyclical bull moves seen in a long term secular bear market, as in the 1930s or the late 1960s to 1982. Ultimately, the events causing the secular bear move abate over time and a new long term secular bull market forms out of the ashes, and then the cycle starts anew. The seeds of the next bear cycle are planted once again, nothing is learned, the same or slightly different mistakes are made again, and then the bull dies. Maybe we have turned the corner and started a new bull market, or maybe not. It would be best to remain cautious here at HQ and follow all of the trading rules (most of the time).
My last two buys were at $4.8 and $5.5, and some around $8 with a total of 350 shares. AIG: Worse than Worthless/Ford & the UAW/Buy of 50 AEB at 4.8/sold CAT BOND/JPM Dividend Cut