Fed policy statement are repeating mostly previous tone except inflation is slightly higher.
S&P 500 @ 1414.72
Internals are positive.
Oil Down 94 cents
Gold Down $5.10
Canadian $ Down 31 tick @ 100.45
VIX Down 3.4% @ 18.19
In my portfolio :
Sold RIMM
Bought AMZN @ $230.84
Portfolio is APKT,AMZN,BIDU,LVS,LEN,PANW,YHOO
Exposure 110%
Most stocks are UP
@ 2.33 following are red :
APKT,AMZN,BIDU,PANW,YHOO,AUY,JCP,DNKN,
EXPE,NFLX,FFIV,GG,PCLN,M,COH,MA,MU,BRCM,
CIEN,SNDK,JDSU,FNSR,QCOM,BWLD,NVDA,
MCD,ECA,WYNN....
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hey Saleem,
Bought some GGC at 37.25. Selling Z had left me underexposed to one of my favorites, housing, and the commentary from DD, PPG, and DOW tells me that the US/Canada chemicals business is doing better than the rest of the world. Add the building materials part of GGC, and it deserves to remain near my top spot.
I am tempted to buy AMZN ahead of the earnings. Surely its business progressed on many fronts this quarter?
Stocktrader
Hi Stocktrader,
AMZN business has progressed as per last Q earning report..Fall & Christmas Q should be stronger...
Good luck with GGC...
Saleem
Hey Saleem,
At first glance, I see FIO as better than expected. The next quarter "weak" guidance is merely UPOD. If the stock stays down this much into tomorrow's open, I'll add for sure. I did add at $23.95 in after hours for my small trading account. I really need to get my retirement account moved to a brokerage that allows after hours trading for those types of accounts.
As for ELOQ, nothing surprising, just general good momentum in their business.
I haven't looked closely at FFIV, CTXS, and NOW yet, and unfortunately won't be able to listen to all the conference calls (one set of ears you know!)
Stocktrader
Hi Stocktrader,
FIO is above your add-on.
FFIV down $10....
ELOQ is not trading yet.....
Saleem
Hey Saleem,
Absolutely amazing conference call by FIO. These guys are gobbling share in existing markets and entering massive new markets at the same time. Basically every company in the world is looking to speed up their network, and FIO can provide that solution for everyone regardless of their current server vendor due to FIO's open source nature. Also, it seems that as the technology gets more complicated with the solution, they are extending their IP lead against other competitors.
As for the "sluggish" guidance, there was a $10M deal that booked in the first quarter instead of the second quarter causing the flat QoQ guidance but allowing for the reiteration of the full year. Their guidance on revenues and margins still seem conservative though, partly due to the lack of long tail visibility on projects in the current IT spending environment.
I hope to get a chance to add to the portfolio tomorrow while it is down.
Stocktrader
Hi Stocktrader,
I am glad you got a very good feel of FIO current & future business trend.
Good luck on FIO add-on.
Saleem
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