IT'S time to sell stocks. Broker Mr John Mulcahy is changing jobs.
The Peregrine Brokerage regional research director has a record of taking up new positions at times of market carnage.
He moved into broking as a vice-president with Citicorp Scrimgeour Vickers in October, 1987, at the time of the crash, and took on his present role on June 1, 1989, just three days before the Tiananmen Square massacre that knocked the local market for six.
Mr Mulcahy leaves Peregrine at the end of February and, after a month ''in the freezer'' to protect company confidentiality, becomes managing director of UBS Securities after Easter.
''We may be in for a bit of a crack in the market if my history is any guide,'' he joked yesterday.
The market, of course, recovered from the crashes. Mr Mulcahy's career has also moved ahead rapidly.
