Indices are mixed while Dow is @ new all time high and is @ high of the day. Oil is lower.
S&P 500 @ 2171.75, high 2182.30, low 2151.17
Internals are mixed
Oil Down 56 cents
Gold Down $9.50
Canadian $ Down 38 tick @ .6543
VIX UP 2.71% @ 14.77
Portfolio AMD AAPL BIDU CNQ CMG TWLO WB
Most stocks are down
@ 2.38 following are UP
CMG AKS GWPH KORS TRIL VRX OLED COH
LEN RIG FEYE SPWR CIEN FCX GS AGU
COH DATA SWIR MGA MS M.....
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hi Saleem,
I wish I could invest in ACIA for earnings because it should be a nice beat-and-raise. I worry about that Chinese sales component too much though. Without that, I'm looking at a 20%+ gain based on what I've heard from other similar companies and potential wins at FB.
Stocktrader
Hi Stocktrader,
ACIA has been beaten up big time on guidance of their component buyers, it is very attractive @ $70 where you pretty much sold, secondary was done @ $100.......lot of room for even coming in line and guiding in line...prime for "relief rally"
Saleem
Hi Saleem,
Yes, all things equal from Tuesday, it is a screaming buy. The problem comes if Trump disallows high tech sales to Chinese customers or something which would majorly impact their sales. I'm sure they'll get questions to that effect on the call. It sadly might be too hard to invest there right now, although is tempting certainly.
Stocktrader
Hi Saleem,
It just occurred to me, ACIA might actually indicate they've seen an acceleration in orders since the election (short timeframe, but maybe). This could be interpreted as more growth, but could also be so companies can get their components before any potential trade action.
Stocktrader
Hi Stocktrader,
I do not believe Trump will start a trade war with anyone, just an adjustment of say 5% import / export duty.....
There is too much hysteria about "rough & tough Donald"
That was mostly election "theatric"
Saleem
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