S&P 500 went down to 1173.64 higher than previous low of 1173......maybe we have a double bottom....
YES..it is all about European Debt.......
Gold UP $3.40
Oil UP $1.37
Canadian $ Down 12 tick @ 97.72
In my portfolio :
Sold AGU
Sold WYNN
Bought AMZN @ $179.80
Bought AAPL @ $313.59
Doubled my position in JKS @ $25.83
Portfolio is AUY,BIDU,FFIV,JKS,AAPL,AMZN,NFLX....
Most stocks are down
VIX @ 22.95 UP 3.29%
@ 12.16 following are Green :
NFLX,AMZN,AUY,SLW,FMCN,SINA,
CTRN,AEM,SNE,GS,IBN...
BLOG does NOT give buy or sell.
Saleem
7 comments:
Saleem
AGU I thought that you were holding it longer--not
Should I get out
It is taking it on the Chin! Ouch
Thoughts
Hi C,
AGU is weak & when market turns other stocks will outperform...
AGU has no meaning IF it is WEAK..TAPE is very clear.....
You are a different type of investor..i am a swing trader..if things do not work out as per my plan ..i am out.
Saleem
Saleem
it has been very week as of last 2 weeks I thought that with the low RSI is was more than past due for a run --not so
I amy sell it too
it is in my cash account that I play fast trades with
thanks
Hi C,
Do not sell because i sold....AGU has come back..maybe it found support near low of the day.
Saleem
Saleem,
AGU showed some strengths. I will keep it for awhile. Bought AMZN at 178.2. This will be my swing trade. Your portfolio looks good. Do you think JKS will break the down trend? Thanks.
Michael
Hi Michael,
Yes..AGU was strong @ close..should be OK for long term hold....
I wanted to make my portfolio aggressive so pruned out relatively slow mover..all from swing trade point of view.
When markets are near low of the range i get very aggressive....
Also bought LVS @ $49.50....that was the catch of the day.
JKS was UP sharply Thursday and was weak today....overall positive....
Solar always a trade depending on momo....TSL reports before open..that is why i added JKS..i expect TSL to report good Q & guidance....JKS may go along for the ride....
Saleem
Saleem,
Thanks for the comment. I will keep the original JKS and will not add more at this time. Your portfolio are all high fliers. I only have half of them: BIDU, AMZN and FFIV. Your NFLX performed well. I almost added them last Friday when I saw you started the position. However, I will wait for it to pull back. Thanks.
Michael
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