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
6 comments:
Hi Saleem,
Good 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,
I 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,
Added a bit more ZYNE @ 14.39 based on the above research.
Stocktrader
Hi Stocktrader,
Good luck with ZYNE.....
It is certainly behaving much better than other stocks in biotech sector.
Saleem
Hi Saleem,
Portfolio: MET(2x), LYB FDX SPLK M CHK ZYNE TECK, CY NEFF PI, cash 1.5%
Stocktrader
Hi Stocktrader,
Balanced portfolio, good luck !
Saleem
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