Indices are UP for second day in a row after GDP came in stronger than expected.
S&P 500 @ 1641.94, high 1646.41
Internals are positive.
Oil Down 30 cents
Gold Down $6.60
Canadian $ Down 28 tick @ 94.94
VIX Down 1.70% @ 16.77
Portfolio ANR BAC CLF KOG MU AUY
Most stocks are UP
@ 2.09 following are red :
CLF TCK AGU JCP TSLA TIF CF BBRY
SU HMC MCD X CCJ AEM V ECA....
BLOG does NOT give buy or sell.
Saleem
Hey Saleem,
ReplyDeleteAdded to FB @ 41.46. I really wanted to add more long exposure, but couldn't find a stock I liked. I decided this was my chance to really overweight FB as it is my easiest long right now.
Stocktrader
Hey Saleem,
ReplyDeleteBought LRCX @ 47.21 in expectation of a semi equipment upgrade cycle next year.
(This is on your recommendation as opposed to AMAT, and my research showed LRCX seems better also.)
Stocktrader
Hi Stocktrader,
ReplyDeletePerfect timing on LRCX...just coming off major support.
Good luck with outperforming FB....
Saleem
Hey Saleem,
ReplyDeletePSUN's conference call was pretty good despite the "poor" guidance. There might be some confusion regarding a 53rd week retail calendar shift this year which is impacting Q3 guidance to the tune of $13M and $0.06 which if you include back would be a guide up on revs and inline guide on EPS. Based on the CEO's comments, they seem to be gaining traction in their latest fashions, and almost all the analysts commented on how great a quarter they had.
As for this overnight, I have a hunch those decimated emerging markets will do well. It just seems like the fever broke a bit on the fear today.
Finally, I hope I get a chance to listen to a replay of SPLK's call. I wish I had bought some, but again, I'm still afraid to go all-in on some things. I might add to CSOD tomorrow.
Stocktrader
Hi Stocktrader,
ReplyDeleteThanks for your recap of PSUN.
CSOD chart is showing a good entry.
Saleem