Indices opened UP then faded, now trying to find footing. Oil is trying to stabilize here.
S&P 500 @ 2144.08, high 2150.80, low 2139.17
Internals are mostly positive
Oil UP 14 cents
Gold Down 40 cents
Canadian $ Down 23 tick @ .6775...6 months low against US$
VIX UP 2.12% @ 15.86
Portfolio GOOG CNQ CMG GG LULU VRX
Most stocks are UP
@ 2.15 following are red :
CMG VRX QRVO NTES TSLA JCP OLED JKS
LEN SINA FNSR WB BABA FSLR SLW
DATA FCX ZG ......
BLOG does NOT give buy or sell.
Saleem
Hi Saleem,
ReplyDeleteAdded to CNAT @ 2.08
Despite the poor chart and price action so far today, it just seems too cheap given the massive premium paid for a competitor, and multiple analyst price targets at $15+ even prior to that buyout. It now represents 3.58% of the portfolio and I have 2.40% cash (mostly earmarked for MACK at some point).
Stocktrader
ReplyDeleteHi Stocktrader,
Your research and conviction in biotech is paying off handsomely, keep @ it, you may beat your 2 years ago performance.
Good luck with CNAT.
Saleem
Hi Saleem,
ReplyDeleteI am feeling a bit like I'm neglecting the rest of the stocks/sectors in my portfolio though with my eyes so squarely focused on biotech and my current stocks, especially with TRIL such a large percentage and doing well this week. I have to keep reminding myself to review the reasons and thesis for each individual stock I own. If you let some in the portfolio slide due to other stocks gaining, that comes back to bite you when the market falls back--I've let that happen too often before! I need to stay vigilant :)
Stocktrader
ReplyDeleteHi Stocktrader,
Never worry about success...let it ride!
Saleem
Hi Saleem,
ReplyDeleteFDX reports after the bell today but I'm not particularly focused on this quarter. I think the future is better than the past or present, so I want to stay involved.
Stocktrader
ReplyDeleteHi Stocktrader,
FDX UP 2.92% AH......
Saleem