Indices are UP nicely showing upto 1.33% gain.
Internals are positive by minimum 3 to 1.
Oil down 42 cents
Gold UP $7.30
Canadian $ UP 46 tick @ 100.18 above US$
VIX Down 5.66% @ 18.34
In my portfolio :
Sold RIMM
Short LVS @ $49.94
Portfolio is Long AMZN, RVBD & short LVS
Exposure 67%
LVS reports AH, this is my third try @ predicting earning reaction, so far i am becoming a contrary indicator of price movement.....let us see how i do on third try.
CMG reports tonight also.
Most stocks are UP
@ 2.25 following are down :
AMZN,WPRT,JCP,OCZ,FIO,APKT,GG,TSL,
AMCC,KOG....
BLOG does NOT give buy or sell.
Saleem
8 comments:
Hey Saleem,
I think I'll end up buying WPRT back tomorrow if I can get in the 36s. Also, I think the market looks tired here. I might sell some more stocks near close, but not sure...
Stocktrader
Hi Stocktrader,
I am definitely light in my exposure.
Jobs report on Friday may be a downer.
Good luck with your strategy.
Saleem
Hey Saleem,
Sold my COH for $70.78 and might sell the WWWW still--trying to lighten up exposure but still love my stocks, so it is a dilemma...
Stocktrader
Hi Stocktrader,
Good moves...
Saleem
Hey Saleem,
I decided not to sell the WWWW--it's too strong into the close here.
I raised a good amount of cash with the WPRT and COH selling today. I should have plenty for potential upcoming opportunities.
I also consider AAPL a source-of-funds if something else looks really great.
Stocktrader
Hi Stocktrader,
Sell whenever you are ready....
Saleem
Saleem
Just got back home and look like AMZN did get some support after all. I see you selling your RIMM and wondering why? My takes on the market is it will keep running until all bulls are in and shorts joining the party. I am still looking for a down day that it won't reverse higher before i decided to sell.
Hi Up,
My thesis for market in the near term is different from yours....
I see market going down to 1280 area in February.....
RIMM alongwith other stock will go down with market.
I will keep AMZN & RVBD till they become profitable or erase most of the loss.
LVS short is a new approach for a down market..i may add more soon....
But ..we all can / will be wrong sometimes????
Saleem
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