Indices are in freefall......
S&P 500 @ 1364.99, low so far is 1363.93
Internals are negative by minimum 2 to 1
Oil UP 99 cents
Gold UP $1.40
Canadian $ Down 9 tick @ 99.68
VIX UP 1.32% @ 16.87
Portfolio is AMZN,CF,LVS,JCP
Most stocks are down
@ 2.31 following are UP :
APKT,HMC,YHOO,M,NFLX,FFIV,CRUS,
TZA,RIMM,CLF,FB,ZNGA,BRCM,JDSU,
CIEN,FNSR,MCD......
BLOG does NOT give buy or sell.
PS..post was delayed to listen to press conference by President Obama which did not help this market.
Saleem
7 comments:
Hey Saleem,
So...do we chase APKT here on strength? or wait for it to come in?
Stocktrader
Hi Stocktrader,
APKT is getting stronger as the day progresses....something IS happening in APKT to muster so much strength after earning report...
My suggestion wait near close to buy...
Saleem
Hey Saleem,
Those were my thoughts as well. I want to see the whole day's action and then decide. Maybe with more market weakness we can get a good opportunity and price.
Stocktrader
Hi Stocktrader,
Bought APKT @ $18.71.....
Sold LVS....
Saleem
Hey Saleem,
Bought APKT at 18.79. Good price action for sure, plus high cash flows makes it attractive either from a stock repurchase scenario or buyout candidate if things do worsen.
Stocktrader
Hey Saleem,
Haha nice! I didn't see your post until I posted mine. Glad to see we're on the same page! :)
Stocktrader
Hi Stocktrader,
APKT thesis as outlined by you is same as mine.....
Good luck !!!!
Saleem
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