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
6 comments:
Hi Saleem,
Added 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
Hi 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,
I 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
Hi Stocktrader,
Never worry about success...let it ride!
Saleem
Hi Saleem,
FDX 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
Hi Stocktrader,
FDX UP 2.92% AH......
Saleem
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