If the UWR positions will take an initial correction as the S&P 500 and overvalued market makes a large, long correction, would it not be prudent to cash out all or part of of the UWR and buy back later at lower prices?

No. 1-1
Sean Hyman
Sean Hyman


No, because as the overall market is correcting lower...the institutional money has to go somewhere. What does it do? It rotates out of high P/E stocks into lower P/E stocks. That's what we've owned. However, if you're up 10-20% or more on any positions, there's nothing wrong with taking profits and raising more cash to be able to take advantage of the market's dip that's coming.