Indices were sharply lower again on lower oil, indices are mixed as oil is higher. Indices are near high of the day.
S&P 500 @ 1921.76, high 1923.38, low 1891.00
Internals are mostly positive
Oil UP 37 cents
Gold UP $9.80
Canadian $ UP 90 tick @ .6298 US$
VIX UP .67% @ 21.12
Portfolio BIDU CNQ CTSH FB JKS MSFT SBUX V
Most stocks are UP
@ 2.57 following are red :
CNQ SBUX V ABX RLYP GOOG PCLN TWTR
LULU AMZN LVS CMG PANW AEM MGA
MS ZG WYNN GS YELP....
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Saleem,
Sold TREE @ 69.31 as per my plan to sell ahead of earnings tomorrow morning.
It might do totally fine, but I'm not comfortable enough with the long term outlook yet having not followed it long.
Stocktrader
Hi Stocktrader,
It is always important to execute plan.
Good luck with next pick.
Saleem
Hi guys,
Initial prescriptions for RLYP not as great as some lofty expectations, and financing needs are still high. It feels like no need for shorts to cover or longs to enter large positions right here. I should have listened to the "market" more on this one--definitely the wrong sector for speculation right now.
I think positive catalysts are next including continuing ramp of prescriptions (reported first half Feb nearly = all of Jan) and potential competitor major stumbles, but it sure feels like a further downward shakeout and/or reset needed first. I'll be standing pat with my position, but unfortunately ready for pain--I'm disappointed for sure.
Stocktrader
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