Indices are positive on renewed buying & optimism for stocks going into 2017. Indices are near high of the day.
S&P 500 @ 2265.09, high 2267.47, low 2258.21
Internals are positive by almost 2 to 1
Oil UP 9 cents
Gold UP $2.90
Canadian $ Down 76 tick @ .6593
VIX Down 4.10% @ $11.70
Portfolio AMD BIDU BAC CMG FCX TECK
Most stocks are UP.
@ 2.05 following are red :
BIDU BAC CMG FCX CNQ AKS TWTR LVS
SINA WB DNKN SU TK LNG WYNN AGU
TRIP DATA X M CNX.....
BLOG does NOT give buy or sell.
Saleem
6 comments:
Hi Stocktrader,
Sold 30% TCK @ $20.48.
Saleem
Hi Saleem,
It is hard to believe how troubled TECK has been, but it appears to have mirrored the Chinese market (ASHR tracker) very closely. I hope we see a point of stabilization so we can better evaluate. It's hard to figure out the right thing to do when the stock falls every day...
Stocktrader
Hi Stocktrader,
Technically, it has broken down and seasonality is from February, so decided to reduce weighting.
Chinese market is in trouble also, they are taking advantage of higher prices by relaxing all rules, thus pricing pressure also.
BUT....it may all be in current price of TECK.
Saleem
Hi Saleem,
I knew CNAT was undervalued! :)
Timing of a deal was always uncertain--hard to be patient when you know without a deal your investment will keep dripping down, especially when the sector has been mixed at best recently.
Stocktrader
Hi Stocktrader,
It is still trading @ $4.86........UP only 142%
More room to grow.....in price$$$$
Saleem
Hi Saleem,
It may have more upside, but the risk/reward is much different now. The major catalyst to drive upside has already arrived. I'll have to be on the lookout for a new story now, and hopefully ZYNE can perform well :)
Stocktrader
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