Indices were UP then Down & now trying to fight its way back towards green.....
S&P 500 @ 1555.14, low was 1546.22 high today 1563.62 awfully close to that elusive 1565.15....
Internals are negative
Oil UP 88 cents
Gold Down $4.30
Canadian $ UP 22 tick @ 97.89
VIX UP 1.11% @ 13.72
In my portfolio :
Sold YHOO
Bought RDN @ $10.28
Portfolio is BAC,JCP,RDN,BBRY
Exposure 72%
Most stocks are down :
@ 2.04 following are UP :
RDN,YHOO,JDSU,KORS,LULU,QIHU,
AAPL,CMG,GOOG,PCLN,CLF,YUM,
FFIV,MA,V,RVBD,LRCX,SNDK,
CIEN,FNSR,STLD,ECA,MGA,
MLNX,WYNN,LVS....
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hey Saleem,
It really seems like something is happening with RDN--very nice outperformance today and I see the bid constantly refreshing.
I might sell some BAC to buy some RDN keeping the overall financial exposure roughly equal. In theory, I'd sell the MS, but I have a selling restriction for two more days.
Stocktrader
Hi Stocktrader,
According to www.stockconsultant.com
It is @ a point where RDN is either ready for "breakout" @ $10.48 for a target of $12.01...or a "breakdown" @ $9.79 with a target of $8.26....i see breakout NOT breakdown....thus my entry...
Good luck to you on RDN....
Saleem
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