Indices are lower after Nasdaq giving up all gains.
S&P 500 @ 2105.92, low 2102.32, high 2116.87
Internals are negative by 2 to 1
Oil Down 77 cents
Gold Down $2.00
Canadian $ UP 1 tick @ 69.71
VIX UP 3.55% @ 12.55
Portfolio GPRO LULU RAD TWTR VDSI
Most stocks are down
@ 2.42 following are green :
GPRO TWTR VDSI AMFA BITA FEYE YY YELP
BIDU LNKD PCLN NXPI WUBA MU LVS
SINA CMG FFIV FSLR CRUS SNDK
CIEN JDSU FNSR QIHU AMCC
AAL SPLK BRCM WYNN
MLNX....
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Saleem,
Sold NXPI @ 92.652
After a nice relief rally from yesterday's morning bottom, I wanted to move back to the sidelines. Although I think the street is underestimating the combined earnings power post-merger, the semiconductor environment is tentative at best, and there might still be a few questions surrounding regulatory approval for the merger. I'll be a buyer again when we get more clarity.
Stocktrader
Hi Stocktrader,
Comfort level has to be very high in current semi environment.
Saleem
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