Holding HOLDRs No longer

The last few days I’ve unloaded our holdings of Pharmaceutical HOLDRs Trust (Ticker: PPH) and Telecom HOLDRs Trust (Ticker: TTH). The average gain in the Pharmaceutical HOLDRs Trust as around 7% and the Telecom HOLDRs Trust was around 17%. I had hoped both of these Exchange Traded Funds would trend higher for quite awhile longer, but the elections seemed to change investor’s perception on both of these sectors. While they both may be good long term picks, my trading style leads me to take profits and move on. I won’t get into the politics of how a democratic lead congress could hurt these industries. The market has spoken!