Indices are in green.
S&P 500 @ 1493.91
Internals are mostly negative
Oil Down 43 cents
Gold down $6.30
Canadian $ Down 52 tick @ 100.14, Canadian Central bank delaying higher interest rate.
VIX Down .97% @ 12.31
Portfolio is APKT,BAC,YHOO,YUM
COH earning report was a miss Down 15.53% in heavy volume
AH AAPL reports, Options are predicting 7% move....
Most stocks are down
@ 1.37 following are UP :
BAC,YHOO,YUM,AAPL,KORS,CF,GOOG,
PCLN,FB,SCCO,POT, EXPE,LEN,FFIV,
LNKD,CRUS,C,QCOM,MON,MCD,
STLD,QIHU,MLNX,IBN......
BLOG does NOT give buy or sell.
Saleem
12 comments:
Hey Saleem,
I think I'm going to sell CF into resistance here at 225 to free up cash for tomorrow morning. CRUS might be a buy based on the information we get tonight and I need some exposure to the smartphone/tablet revolution.
Stocktrader
Hi Stocktrader,
YES..that will be a smart move.
CF may take time before making a new 52 wk high.
Good luck with your next pick.
Saleem
Hi Michael,
AAPL weakness since $700 may have discounted any potential weakness..IF numbers are half decent it may have a relief rally ......
Good luck with your AAPL ER tonight.
Saleem
Saleem,
Thanks for your comment. I saw my comment appeared twice on your blog, so I tried to delete one. But it removed both.
Michael
Hi Michael,
Always refresh before deleting..i had deleted your duplicate comment already....
Saleem
Hey Saleem,
I may have missed out on CRUS already? Not sure what to do here besides wait...
Stocktrader
Hi Stocktrader,
You are not the only one..i sold APKT to buy CRUS..but my price is lower than where its trading.....
Saleem
Saleem,
On previous up market, you always invested more than 100%. However, you have been invested less than 100% on this up. Even though you have predicted right and advised us to stay with the market. Is there anything that hold you up for not "all in." Thanks.
Michael
Hi Michael,
Very good question......
When markets are "screaming buy" i tend to overweight to as high as 120% of my normal......but when markets are rising in a straight line..i keep reducing exposure to as low as 45%.....i just reduced my exposure to 50%.......as we are near 1500.....
Hope that explains my "range strategy"
Saleem
Hi Stocktrader,
Finally i got filled on CRUS @ $29.90...
It is my "pick & shovel play on AAPL ER"
Saleem
Saleem,
Thanks for your explanation. It is better to play safe when RSI>70. Good luck for your CRUS.
Michael
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