Indices are UP strongly after strong ER from many companies. All indices above 50 DMA.
Oil UP $2.67
Gold UP $1.70
Canadian $ UP 15 tick @ 104.71
VIX Down 3.54% @ 15.27..it went to new 52 wk low @ 14.30.....VIX is showing some optimism that it MAY go UP ?
Portfolio is BIDU & POT
Most stocks are UP
@ 1.39 following are RED :
BIDU,POT,LULU,CF,SINA,RVBD,ECA,GS,
MOS,SOHU,CREE,BAC,FMCN,IAG,SNDA,
NTES,GAME,ISRG,GNK....
BLOG does NOT give buy or sell.
Saleem
11 comments:
Hi Saleem,
My guess is that the VIX bounce off the lows represents increased options implied volatility due to *both* call buying for a potential breakout and the usual put buying as insurance--strange to see both together, but we're kind of at that point here.
RVBD is making me yawn..is it really too expensive to own? or just biding its time until we get a surprise up move? Any thoughts on takeout potential? (I think it's too expensive for that, but maybe?)
Stocktrader
Hi Stocktrader,
RVBD growth rate is slowing..thus malaise in its stock price.
I think there is more oomph in APKT.
IF there was a takeover chance of RVBD..it should have happened by now.....
I think market is UNSURE of many things thus VIX staging a rebound from 52wk low...
Saleem
Haha, so RVBD is already "old" tech. I have limited high tech exposure because it's difficult to understand the technology adoption/obsolescence ultra-fast cycles.
I looked at APKT, and it does appear to have a better growth profile and newer product, despite being more expensive (P/E basis). I'll keep my eye on it, but unfortunately, I have zero funds to allocate until Friday (T+3 settlement on some yesterday sells).
Thanks for the input!
Stocktrader
Hi Stocktrader,
GS report on RVBD earning today is worth a read.....they are pointing to weakness in emerging market in RVBD business.....its on street.com mid-day report..under analyst action.
Saleem
Hey Saleem,
I feel like a fool I can't find that link of which you spoke, although I'd love to read the report.
Today's price action is encouraging, but you've got my attention with the slowing growth concerns. Thanks for the fresh perspective.
Stocktrader
Also, sold half my MCP yesterday at close and half today at open for a great trade all the way from the 48.xx level. It's the best trade I've made in a long time, so I'm happy about that one :)
Hi Stocktrader,
report name is Midday Bell..then read under caption IBM,YHOO : New targets estimates...
IF you register with them..they send daily 3 reports before open..Mid day & after close...
Saleem
Saleem,
I sold the balance of RVBD on its weakness. I think it is better to look somewhere else to put my money in. I have looked at APKT since it was 66 and its tape look more impressive than RVBD or FFIV. I will pull the trigger on it when I have a chance if you have a blessing on it.
I just sold AAPL AH for 151.5. I should wait till tomorrow but I am happy with the profit. If tomorrow it goes to 160, I will miss it....
I have only 45% expose in the market now and I feel more comfortable with that till after MAY.
Michael
Hi Michael,
Good trade with AAPL.....
RVBD business model is under pressure from CSCO , BCSI etc...
APKT is heading to new high & their business is strong.
I am holding BIDU & POT only for now...will see how it goes @ open on Thursday...
I am glad AAPL,QCOM & FFIV came through ..only CMG is down....
It is important to play strong stocks only...no need to be super-aggressive @ this stage.
Saleem
Saleem,
Thanks for your comment. I am now holding only BIDU and POT and will be on the waiting mode.
Michael
Saleem
Looks like a good week for all
APPLE is interesting up but not as high as I expected
Should we consider buying here?
Or is May NASDAQ realignment the best time to trade?
Best to all
Hi C,
AAPL is UP on great ER.....
AAPL has momo right now..May 3rd is too far...
Saleem
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