Hey!
I’m not sure if this is the big turning point, but today is an ugly reversal day. We’re going to protect ourselves a bit and sell a couple positions.
Butterfly Networks ( BFLY 0.00%↑ ) just reached resistance that appears hard to breakthough. So let’s sell that.
And then we’re also going to sell Shockwave Medical ( SWAV 0.00%↑ ). This position has been a dog over the past couple weeks, let’s get out for about breakever.
We may sell off some more if condiations continue to deteriorate.
We want to protect our capital in a downturn, and be ready to go once the market is done falling.