Indices are UP despite poor jobs data for September.
S&P 500 @ 1755.43, high 1759.33
Internals are mostly positive
Oil Down $1.66
Gold UP $25.40
Canadian $ UP 14 tick @ 97.14
VIX UP .68% @ 13.25
Portfolio CIEN GMCR MU TSLA YHOO
Most stocks are UP
@ 2.07 following are red :
CIEN TSLA YHOO PCLN FB GOOG COH
LNKD QIHU NFLX AAPL SINA AMCC
CF YY SU LVS BIDU FSLR GRPN
ARUN SNDK BRCM PANW X
CSOD TRLA Z WYNN GS
RALY YELP MLNX.....
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hey Saleem,
There's definitely a lot of red on my screen today, but I think some of my stocks may have seen emotional bottoms after being sluggish for weeks.
It was a big disappointment that FB didn't replace DELL in the S&P 500--RIG got those honors.
YY plunged early today on margin fears from a note by an analyst at 86 Research. It has recouped most of those losses to trade down approximately where I'd expect given some other high-beta losers. With a stock growing this fast, I'm not really too concerned about margin yet, so I'll be holding.
Stocktrader
Hi Stocktrader,
There has been profit taking on high fliers by some high exposure group like big mutual funds......but most are recovering nicely after selling off.....
I think your confidence is well placed.....
Saleem
Hey Saleem,
It is tempting to sell LCC ahead of earnings tomorrow as management was likely distracted by the merger delay and litigation and the stock already gained on the heels of DAL's report today.
Stocktrader
Hi Stocktrader,
You have good analysis skill to come to that conclusion.....booking profit is good !!!!
Saleem
Hey Saleem,
I ended up not selling. I figure it'll be a "buy the dip" anyways in anticipation of a positive resolution to the merger litigation, so I'd rather not play the game in case it doesn't drop at all.
Stocktrader
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