Bookkeeping: Closing Ralph Polo Lauren (RL) and Parexel International (PRXL)

Apparently in the world we are entering to, no one but the upper 0.5% will be wearing nice clothes. And those people don't buy Polo. The newly unemployed across US and Europe won't need them either.

We also will no longer need drugs, since no one will be able to afford it. Well at least those not in nationalized healthcare systems.

Those could be reasons I am selling Ralph Polo Lauren (RL) and Parexel International (PRXL), or it could the fact they are not banks. Or it could just be they both fell below their 200 day moving averages. We are taking a $2700 loss in the former and $1000 loss in the latter. Which on a relative basis is child's play.

One could argue that Polo is simply filling a gap from early August, and will reverse and make a beautiful run back up ... could be. You'd have to ask Hal9000 what his plans are since he runs the market... if he has any cash left from his forced liquidations.

I'll be more interested when Polo opens a banking arm.... that's the place to be - Polo Bank... or a Polo Airlines - airlines are hot - even when they have no access to credit. Why not - logic doesn't apply.

No position