Indices are UP on routine bond issuance by Italy, which was made a "big deal" yesterday, to sell fear & push markets down ?
10 yr bond fetched below 7%......
Internals are positive by minimum 2 to 1
Oil UP 35 cents
Gold Down $19.20
Canadian $ UP 28 tick @ 97.90
VIX down 2.81% @ 22.86
In my portfolio :
Sold APKT
Portfolio is CNQ,LVS,LULU,M,RIMM,RVBD,SNDK......
Most stocks are UP
@ 2.20 following are down :
APKT,LULU,M,AMZN,BIDU,NTES,LDK,SOL...
BLOG does NOT give buy or sell.
Saleem
Hey Saleem,
ReplyDeleteMade a trade this morning swapping EA for MET (been wanting this one for a while) and left for a few hours--so far the swap has worked poorly as EA has regained better tone since the morning weakness. I also sold off JKS today after thinking about our conversation more and digging deeper. Overall, I realize I had been hiding behind the gains of WWWW and not doing rigorous enough analysis on the rest of the portfolio. I am concentrating my efforts on doing a better job of that now.
I am considering SWKS, EA, more WWWW, CLF, COH, ULTA, more RVBD/APKT or holding cash for the JKS proceeds. Any thoughts?
Thanks!
Stocktrader
Stocktrader
ReplyDeleteDo not forget the 3 day rule
Good luck
C
Hey c,
ReplyDeleteMy 3-day rule allows me to rebuy right away as long as I don't sell that stock within 3 days. I don't know why it works that way at this brokerage, but it is more lenient than everywhere else I've seen.
It took me a while to figure out their exact policy because they couldn't explain it well, but I got 3-month penalized enough times to get to the bottom of it :).
Stocktrader
Hi Stocktrader,
ReplyDeleteWe all are surprised by TAPE, quite often than not.
Stock selection is tough,techs are not performing in a predictable mode.
I think COH, CLF, WWWW are my pick for your decision.
Saleem
Hey Saleem,
ReplyDeleteI ended up buying more APKT/RVBD/WWWW with APKT receiving slightly more than the other two. AKPT in particular I feel has a compelling 2012 story, valuation, and spring-loaded chart. RVBD is a staple of corporate IT future spending with the added bonus of a buyout potentially at any time. And of course WWWW is my top 2012 pick.
I definitely like the 2012 prospects of all these companies better than JKS unless something dramatic happens...:)
Stocktrader
Hi Stocktrader,
ReplyDeleteIt is important to have conviction.
2012 should be a good year for stocks...market is finding its footing & should gradually move UP.
Good luck with your new additions.
Saleem
Saleem
ReplyDeleteI still own BIDU and APKT
Is APKT and BIDU broken stocks??
They have both been week as of late
thanks
Hi C,
ReplyDeleteAs i have said many times, i follow TAPE.....TAPE has been very clear on BIDU & APKT......
Saleem