Indices are down slightly, after huge moves last week.
S&P 500 @ 1435.16, after hitting new high of 1438.74
RSI @ 67.72
Internals are mostly positive.
Oil Down 38 cents
Gold Down $8.90
Canadian $ UP 15 tick @ 102.38, a new 52 wk high
VIX UP 2.99% @ 14.81
In my portfolio :
Bought AUY @ $17.66
Portfolio is EXPE,LVS,LEN,SNDK,TCK,AUY
Exposure 100%
Most stocks are UP
@ 2.02 following are down :
EXPE,LVS,LEN,AUY,AEM,GG,
PCLN,KORS,AAPL,AMZN,
GOOG,LNKD,AGU,MLNX,
V,CIEN,MOS,SINA,NTES,
MS,GS.....
BLOG does NOT give buy or sell.
Saleem
9 comments:
SAELLM
I have a smile on
AUY--any catalyst as to why buy now?
Our favorite stock AUY, what about FCX, and GNN--
C
PS:
Steve Jobs book was an eye opener _ he was brash, a Veggie- with a trouble personalty -And , Yes he was a Genius and to think he died in his prime--wow-Oh I love APPLE!
thanks for your replies always appreciated.....
Hi C,
I sold AUY & booked profit in many stocks as i was going on vacation.
Now..gold is staying strong & AUY is the only stock which made new 52 wk high......strong reason to buy again....
I follow AUY closely, FCX & others i do not.
Saleem
SALEEM
I knew you had a reason for selling last time
I just thought that you booked profits-but a vacation that was good. I may buy some AUY too?
Form now till the holiday gold should rise
I am looking at VALE-any thoughts
thanks in advance
C
Hi C,
Do not follow VALE ......but commodities are behaving better due to Chinese infrastructure stimulus.
Saleem
Hey Saleem,
PANW down $5 in after hours even after beating on revenue and eps with conference call to follow (not sure if they'll provide guidance or not--it wasn't in release). Despite all this, I wouldn't be surprised to see it trade higher by tomorrow. This company is doing revolutionary things in network firewall security and longer term portfolio manager love these kinds of secular growth stories.
Stocktrader
Hi Stocktrader,
PANW revenue growth slowed to 88% vs 100%++ previous Quarters....that is the real reason why PANW is down..this according to analyst @ FBN securities......after the result.
Saleem
Hey Saleem,
Thanks for the info. I'm not sure what his particular estimate was then because the 88% revenue growth beat the estimates handily ($75.6M versus $71.4M estimate). Also, the current estimates factor in only a 48% year-over-year increase next year. I think people are just trying to come up with reasons for the decline.
From the conference call though, some people might be disappointed with the Q1 guidance which is only showing a 6-11% sequential gain ($80-$84M). I think PANW is being conservative, but it might be causing some additional after hours pressure (although the stock was already down the $5). They talked about specific market share gains by taking contracts away from legacy security providers at companies throughout the world.
I see nothing to change the story, but the price action is so far disappointing. I will wait to see how big institutions view things in coming days. My conviction is currently unchanged, but persistent price weakness will cause me to re-evaluate that at some point.
Stocktrader
Hi Stocktrader,
I think PANW price action before earning had much higher expectations....
thus AH reaction.......
YES..that analyst acknowledged that PANW did beat expectations..but traders were hoping for similar Sales gains as last 3 quarters of 10%+++.
AH TAPE is extremely volatile for high beta stocks.....
You have a proper time frame to evaluate the real price action.....
Saleem
I meant 100%+++
Saleem
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