Indices are UP on frenzied buying and reentry into tech. Oil is slightly higher. All base metal stocks are weak. Rotation into technology is happening today.
S&P 500 @ 2271.80, high 2277.53, low 2263.22
Internals are positive.
Oil UP 14 cents
Gold Down $7.60
Canadian $ UP 1 tick @ .6881
VIX UP 4.35% @ 13.19
In my portfolio :
Sold CNQ @ $34.35
Bought BAC @ $22.41
Added 115% AMD @ $10.65
Portfolio AMD BAC BIDU CMG FCX TECK
Most stocks are UP
@ 2.33 following are red :
CMG FCX TECK FNSR NEFF UA RIG CSIQ
JKS FSLR SPWR CIEN AGU MGA MS ....
BLOG does NOT give buy or sell.
Saleem
Hi Saleem,
ReplyDeleteGood luck with more AMD. I will have to investigate that story more closely--the stock is a rocket ship!
Bought back my half position in ZYNE @ 14.45
This is one of the few biotech stocks that has a good trend still and recently released positive safety data. In an effort to be diversified, and with the trend higher and short interest high, it could make a good candidate for year end positivity.
Stocktrader
Hi guys,
ReplyDeleteI didn't even realize it until just now, but ZYNE's CFO bought shares on the open market on 12/6 and 12/7. That was likely the cause of the spike late last week. It is definitely a positive signal--you don't see that often with a biotech.
Stocktrader
Hi Saleem,
ReplyDeleteAdded a bit more ZYNE @ 14.39 based on the above research.
Stocktrader
ReplyDeleteHi Stocktrader,
Good luck with ZYNE.....
It is certainly behaving much better than other stocks in biotech sector.
Saleem
Hi Saleem,
ReplyDeletePortfolio: MET(2x), LYB FDX SPLK M CHK ZYNE TECK, CY NEFF PI, cash 1.5%
Stocktrader
ReplyDeleteHi Stocktrader,
Balanced portfolio, good luck !
Saleem