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
8 comments:
Hey Saleem,
Made 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
Do not forget the 3 day rule
Good luck
C
Hey c,
My 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,
We 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,
I 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,
It 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
I still own BIDU and APKT
Is APKT and BIDU broken stocks??
They have both been week as of late
thanks
Hi C,
As i have said many times, i follow TAPE.....TAPE has been very clear on BIDU & APKT......
Saleem
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