Indices were negative prior to the release of Fed minutes.Have gone positive after release....
Fed minutes revealed highly focused & pro-active fed.
Minutes revealed many options left for next round of quantitative easing.
Gold UP $40.20
Oil UP $1.67
Canadian $ Down 27 tick @ 102.15
VIX UP .93% @ 32.58...IF this goes below 30....we should have strong rally ?
Internals of the market is 50% negative
Most of the stocks on my watch list are higher
@ 2.26 following are RED :
JCP,AAPL,GOOG,BAC,CRM,MA,JKS,
C,SNDK,CRUS,FMCN,LDK,SOL,NYX,
GS,VAR.....
In my portfolio :
Sold AUY
Sold AMZN
Sold BIDU
Bought 50% more KGC @ $17.41
Bought BIDU @ $147.90
Bought NFLX @ $233.90
Portfolio is BIDU,KGC,NFLX......
52% exposure.......
Portfolio shuffling was part of my strategy to reduce exposure......All selling was to book gains....
$ weighting is as follows :
KGC 42.76%
NFLX 28.47%
BIDU 28.77%
BLOG does NOT give buy or sell.
Saleem
6 comments:
S
My CAT is working
EVEP up another $2 smackers--sold it
love your NFLX buy ---so cool
best to all
S
I guess it is to late for a NFLX or BIDU buy here??
thanks
Hi C,
Nice move in booking profit....
We all need LUCK with our picks !!!!
Saleem
Hi C,
It is NEVER too late to buy any stock which is moving UP....
They all have a long way to go to 52 wk high ?
Saleem
Hey Saleem,
I don't know if you caught my comment on the other post before you made the new one, but I executed my plan of selling today. I actually ended up selling everything except for my microcaps. I didn't like the Fed minutes and sold then, but I probably should have waited just a little longer...it was a great recent run anyways, so I'm pleased :).
Stocktrader
Hi Stocktrader,
I just saw your note & Michael's..gave my reply.
It is important to do that makes you comfortable.
Market tricks everyone whoever is involved...it is a very tough market.
Great you locked in good gains..which is what its all about $$$$
Saleem
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