Indices are under pressure as Chinese inter bank rates jumped.
S&P 500 @ 1745.44, lo 1740.50
Internals are negative
Oil Down $1.03
Gold Down $9.20
Canadian $ Down 1.03 cents @ 96.13
VIX UP 2.63% @ 13.68
In my portfolio :
Sold TSLA @ $162.50
Bought JKS @ $25.10
Bought FNSR @ $25.86
Portfolio CIEN FNSR GMCR JKS MU YHOO
Most stocks are down
@ 2.14 following are green :
GOOG LEN NFLX AAPL CSIQ EXPE
ARUN PANW Z AGU.....
BLOG does NOT give buy or sell.
Saleem
Hey Saleem,
ReplyDeleteI'm dying not being in FB anymore, but I can't find something I'm willing to sell here. Ideally, I'd sell a little of everything, but that's a pain and I'm not sure worth it.
Maybe I can get a nice rally in something in coming days and I can reallocate.
Stocktrader
Hi Stocktrader,
ReplyDeleteFB has ignored negative metric for Sep......wants to go higher...
Saleem
Hey Saleem,
ReplyDeleteYes. Despite any minor short term hiccups, it is a must own for the next 5 years as it monetizes its user base fully. At $125B, it still seems rather cheap compared to other tech juggernauts.
I'll have to come up with a strategy tomorrow for adding it back, although I am toying with not being in for earnings given the overowned status and extreme bullish sentiment.
Stocktrader
Hi Stocktrader,
ReplyDeleteYES...those are conflicting short term thesis....
Saleem