Indices are UP and near high of the day on renewed buying in many sectors.
S&P 500 @ 2185.49, high 2188.06, low 2176.65
Internals are positive by 2 to 1 in Nasdaq
Oil Down 28 cents
Gold Down $9.90
Canadian $ Down 51 tick @ .6507
VIX Down 1.60% @ 13.50
In my portfolio Added 70% BIDU @ $167.67
Portfolio AMD BIDU CNQ CMG TCK TWLO WB
Most stocks are UP
@ 2.26 following are red :
BIDU TWLO ACIA GWPH ABX AAPL OLED NTNX
JKS SINA FSLR SPWR AMCC CIEN SLW AEM....
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Stocktrader,
ZYNE has been growing so much these days. Is it good to take some profit by seliing half of my position? Your views would be appreciated.
Joseph
Hi Joseph,
As I referenced the day of earnings, I think people were surprised to see ZYNE had raised enough money already with their at-the-market offering to make it to 2018. That is causing a bit of a chase as there won't be another specifically good time to enter barring some negative data (which has somewhat less risk than usual due to positive results from the similar compound at GWPH). I think the stock is still undervalued so I'm not in a hurry to sell anything. If it goes up a lot more from here though, I may trim to keep the position size appropriate and reduce some risk.
Stocktrader
Thanks Stocktrader for sharing your views on ZYNE. Have a good day.
Joseph
Post a Comment