Indices are lower on weak economic data. Oil closed slightly higher after consolidation..
S&P 500 @ 2260.78, low 2256.08, high 2263.18
Internals are negative by 2 to 1
Oil UP 49 cents
Gold Down $3.30
Canadian $ down 81 tick @ .6508
VIX UP 1.24% @ 11.41
Portfolio AMD BIDU BAC CMG FCX TECK
Most stocks are lower
@ 2.37 following are green :
AMD FNSR MU PI NVDA JKS CSIQ TSLA
SU EBAY MA VRX LNG AGU SWIR
ORCL MCD LRCX.....
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hi Saleem,
Added a small amount to NEFF @ 13.80
Stocktrader
Hi Saleem,
Portfolio: TECK LYB ZYNE CHK SPLK NEFF HBAN, ACIA CY QRVO, cash 21.7%
Stocktrader
Hi Stocktrader,
Good luck with more NEFF....
Your ZYNE looking very strong.
Good luck with your portfolio.
Saleem
Hi Saleem,
Bought a highly speculative position in MJCO @ 5.59
This was based on an analyst note today that I thought had merit. I will start very small and see what happens. The stock breaking the 200 DMA today was constructive in this bad tape.
"Maxim analyst Brian Kinstlinger noted that Guidewire (GWRE) acquired privately-held insurance software company ISCS for $160M in cash, or almost 4x revenue. The analyst argues that Majesco's (MJCO) cloud platform has already demonstrated more traction with larger insurers than ISCS and that the price paid by Guidewire suggests that Majesco , which currently trades at just 1.5x trailing 12 month revenues, is "significantly undervalued." Kinstlinger keeps a Buy rating and $8 price target on Majesco shares."
Stocktrader
Hi Saleem,
Bought a little more MJCO @ 5.60 as I re-read the note when I posted it for you guys and really liked it haha. The position size is 3.8% of the portfolio, so very small still.
Stocktrader
Hi Stocktrader,
You keep finding gems in this market.
Good luck with MJCO.
Saleem
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