Indices are mixed with Dow green by .15% & Nasdaq down .99%....
Internals are mixed...
Today's TAPE is strange as All European markets closed green, i guess Europe is NOT scared of European issues BUT US daytraders are ?
Gold UP $2.70
Oil UP 24 cents
Canadian $ UP 36 tick @ 98.85
VIX UP 6.24% @ 33.53
In my portfolio :
Doubled my position in LULU @ $51.48
Portfolio is LULU,MS,JCP,RIMM
$ Weighting of my portfolio is :
RIMM 43.31%
LULU 26.64%
JCP 16.41%
MS 13.64%
Exposure 70%......
Most stocks are down
@ 1.44 following are Green :
MS,JCP,CSIQ,CNQ,SINA,ULTA,NTES,CRM,
C,SOHU,VAR......
BLOG does NOT give buy or sell.
Saleem
Hey Saleem,
ReplyDeleteCrazy market today!
Sold 2/3 of my KOG at 6.33 to buy a full ULTA position at 68.97--I feel lucky with both the gains in KOG and the opportunity to buy here in ULTA. I might sell the rest of the KOG by the end of the day. What do you think? can it run more after 25+% in days?
Stocktrader
Hi stocktrader,
ReplyDeleteBased on TAPE, i think you should keep 1/3 KOG.....it looks solid for many days.
ULTA looking good also $$$$
Saleem
Hey Saleem,
ReplyDeleteThanks for the input. I know you should keep the winners and sell the losers, but KOG I felt was going too crazy lately! The trick now is finding something else to sell to rebuy KOG if it should pull back a little (and the 1/3rd I have left is more like a 1/2 position in my portfolio given my additions from Friday and then the runup).
Thanks again! :)
Stocktrader
S
ReplyDeleteapple close was a total disappointment
But is followed the market down
Lets see what tomorrow brings
c
Hi C,
ReplyDeleteDont worry about your option @ this stage..it expires Nov 18..AAPL will be more than fine going into November....
Just relax & check your option on Nov 4th for next strategy for next 2 wks.
Saleem
Good Day SIR
ReplyDeleteMixed market today
lest see is APPLE will start a recovery
waiting for upgrades to come!
J Cramer flipped flopped again
says with for apple to come in
Yeks
BIDU is in the tank againAMy AUY is red---hmmm
best to all
good luck to all
Hi C,
ReplyDeleteMy internet was down last night, so could not do my BLOG.
AAPL will be fine....generally stocks takes 3 days to stabilize after any news event.....
Monday should start an uptrend in AAPL.....do not worry about what Jimmy the Cramer says..he goes with TAPE...
Saleem
Saleem
ReplyDeleteneedless to say you do great with out the blog comments.....:)
I enjoy our sharing helpful comments with each other and from fellow bloggers
thanks amigo!
C
S
ReplyDeleteFCX is looking tasty again
MS is down what gives
C
Hi C,
ReplyDeleteThanks for your appreciative words, much appreciated.
FCX,MOS doing good..while MS takes a rest for few more minutes....
Saleem
Hey Saleem,
ReplyDeleteSold the rest of my KOG this morning (probably will get bought out now LOL) and bought some CLF after the good Philly Fed report.
Stocktrader
Hi Stocktrader,
ReplyDeleteKOG you booked a huge gain...which is a good thing...
Do not follow CLF....
Good luck with your "profitable strategy"..you are doing "way better than Jimmy the Cramer"..who cannot get anything right?
Saleem
Hey Saleem,
ReplyDeleteA little combination of luck and research has done well. My biggest debacle is FRO, but one bad stock versus 10 relatively good ones hasn't hurt much.
I am fairly nervous to be long right now as compared to the past couple weeks, so it's probably the correct thing to be...
Stocktrader
Hi Stocktrader,
ReplyDeleteYES a good combination of research & timing is working out for you.
I have not followed shipping stocks for few years.....
We all have to play our own intuition & strategy....
I personally believe that we are going higher towards 200 DMA in S&P 500.....
Saleem
Hey Saleem,
ReplyDeleteI feel a big down day coming--anxiety ahead of the weekend will keep a lot of people on the sidelines.......which might bode really well for Monday :).
Stocktrader
Hi Stocktrader,
ReplyDeleteYES...there is lot of anxiety about "never ending Greece mess"
I wish they get this over with...it has dragged on for almost six months.....
I am hoping that Thursday & Friday to be + but Monday big down day on "no action".......
Let us see how it actually goes ?
Saleem
Stocktrader
ReplyDeleteSOS SORRY to see that FRO is a loser for you..
Do not know the total extent of your exposure $$$ should come to you soon
As for Greece --Oh what a mess, and our political situation here is not all that good either. NYC continues to show an ugly side IMHO. We may see violence ???
FCX dropped to $33.60 a good entry?
Best to you and every one else
Hey c,
ReplyDeleteIt is(was!) an equal weight with my other positions, which is about 8-9%. I have 10.5 positions of that weighting, and then 10% in some Chinese super small caps.
As for the shippers, the Baltic Dry continues to perform well for my GNK and DRYS, but the Baltic Dirty is still pretty low and FRO's break evens are high. It is a highly, highly leveraged play on recovery.
FCX looks like a great long-term entry here. I don't know if you saw the CEO's interview on CNBC yesterday, but it was pretty compelling. I believe he said their copper mining costs are <$1, so copper at $3 is still highly profitable. The strike resolution will be a huge positive catalyst when that comes and probably even when some whispers of better agreement are in the air.
I am surprised the market is not down more today--I'm glad I didn't try to game anything :).
Stocktrader