Indices are in a mini digestive mood, not far from their highs.
S&P 500 @ 1948.63
Internals are negative by almost 2 to 1
Oil Down 36 cents
Gold UP $6.00
Canadian $ Down 15 tick @ 90.83
VIX Down .54% @ 11.09
Portfolio WUBA GRPN LULU OWW RAD SWIR
Most stocks are down
@ 2.07 following are green :
WUBA LULU OWW FB MU GG TWTR EXPE YHOO
LNKD AMZN BIDU KORS AG FFIV V SPWR
MA CRUS ZNGA AMCC CIEN JDSU
FNSR JCP NFLX PANW GMCR
ABX SLW AEM MS WLT
TRLA Z GS AGU
MLNX.....
BLOG does NOT give buy or sell.
Saleem
Hey Saleem,
ReplyDeleteAdded my small amount of remaining cash to SPLK @ 43.467 about 20 minutes ago. I was waiting for your afternoon post :).
SPLK is one of my best ideas right now based on washed-out sentiment but a long, long runway on market opportunity still.
Stocktrader
Hey Saleem,
ReplyDeleteWell...the game might be on:
***
14:25 EDT AMZN, ANGI, YELP, HD, LOW
theflyonthewall.com:
Amazon to launch local services marketplace, Reuters says
In a move that targets review sites like Angie's List (ANGI) and Yelp (YELP), as well as home retailers such as Home Depot (HD) and Lowe's (LOW), Amazon.com (AMZN) intends to launch a marketplace for local services later this year, said Reuters, citing several people familiar with the plans. Shares of Angie's List are down 5% following the report, while Yelp is down a bit over 1% in afternoon trading. Reference Link :theflyonthewall.com
***
It will be interesting to see if YELP drops due to the increased competition, or rises as a perceived takeover target for an Amazon rival.
Stocktrader
Hi Stocktrader,
ReplyDeleteGood luck with additional shares of SPLK.
YELP is down only 53 cents now...which is a verdict in your direction.....
Good luck !
Saleem