Sold APKT & PANW.... Booked gain in APKT & sold the dog PANW Portfolio is AMZN,BIDU,LVS.... Exposure down to 48% BLOG does NOT give buy or sell. PS..practicing what i am preaching..... Saleem
VIX is down 5.5%......this was bought as a protection before election..now its being sold off..a mechanical move..not an indication of how market has been behaving while VIX remained unchanged......
Bought back a half position in PFPT at ~10.55 based on the lockup expiration today. I realize now why the stock has shown such weakness despite the good earnings. Knowing this makes me more comfortable to enter the name, and my standard half position for PFPT doesn't add much more risk to my portfolio but gives me exposure to a good name.
12 comments:
S
I hope that you are fine
Sold most of stocks
Way to go
I am scared at this time
C
Hey Saleem,
Sold approximately half of my CRUS (the part I could based on the 3-day rule) at 31.19.
Overall though, I'm not good at being net short--every single up tick pains me.
Stocktrader
Hi C,
It is NOT about being scared..BUT to accept the TAPE the way its behaving....
After such a shellacking..dow is UP barely 1 point & S&P 500 less than 1....TAPE could not be more clear in terms of "protracted weakness"....
I accept verdict of TAPE ....
Saleem
Hi Stocktrader,
Well we are UP 1 solid point.....
I have seen this movie 100 times..open green & immediately fall apart.....
Saleem
Hey Saleem,
What do you make of the $VIX though?
Stocktrader
Hi Stocktrader,
VIX is down 5.5%......this was bought as a protection before election..now its being sold off..a mechanical move..not an indication of how market has been behaving while VIX remained unchanged......
Saleem
S
thanks for your reply
I still say that your selling was savvy and spot on....
Bought some SFL under $15 a buy
SOLD the ERF as it was dropping like a whale pop straight down to the bottom of ocean...
C
Hi C,
Thanks for your feedback....
Any action of mine is based on odds...odds of market making lower low is very high based on current issue in US.....
Good to get out of stocks which are giving a clear signal of weakness...
Good luck with rest of your portfolio.
Saleem
Hey Saleem,
Bought back a half position in PFPT at ~10.55 based on the lockup expiration today. I realize now why the stock has shown such weakness despite the good earnings. Knowing this makes me more comfortable to enter the name, and my standard half position for PFPT doesn't add much more risk to my portfolio but gives me exposure to a good name.
Stocktrader
Hi Stocktrader,
Good luck with PFPT....
I am extremely nervous about this market...."my action is speaking louder than words"
Saleem
Hey Saleem,
The continually crashing $VIX is really confusing me right now. It sure looks like the market wants to rise today?
Stocktrader
Hi Stocktrader,
VIX is a derivative..who knows what is going on......down 8.7%...DOW should be UP 150 based on VIX????
Let us see how we close...
Saleem
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