Indices are mixed on email impact in US politics and economic agenda . Oil is higher. Indices are near high of the day.
S&P 500 @ 2426.34, low 2412.79, high 2427.85
Internals are positive
Oil UP 66 cents
Gold UP $1.70
Canadian $ Down 27 tick @ .7085....rate hike may come tomorrow....
VIX Down .45% @ 11.06
Portfolio BIDU BBRY FB LULU MOMO OCLR SWIR TWTR WB
Most stocks are higher.
@ 2.04 following are red :
MOMO OCLR WB FNSR AMZN BAC UA LVS COH LEN
DNKN TK FEYE WYNN MS SNAP ULTA KORS NKE
KBH CMG AAL....
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
Trimmed some URI @ 113.73 to take profits.
Added to COUP @ 30.04
Stocktrader
Hi Stocktrader,
Good luck more COUP.
Saleem
Hi Saleem,
I really like COUP's positioning to help companies save money in many aspects of business. It is an underpenetrated opportunity and COUP represents a pure play. I think they can continue to grow, or be an attractive takeover target.
I also still plan to trim ZYNE ahead of their multiple data releases this quarter. I bought the overweight amount only to take advantage of the pre-release run-up (which has been mostly non-existent so far unfortunately), and we may be getting a little bit of that now. It's currently a position too large to absorb the full brunt of the data from a risk perspective I think. With those proceeds, I'll add to ORCL which I still think is at an inflection point with its cloud vs legacy products, and appears the cheapest of any big cap tech while throwing off tons of cash.
I decided that despite thinking GRUB will have a fantastic quarter, it's too hard to figure out how investors will view the longer term.
Stocktrader
Hi Stocktrader,
Very good analytical take on ZYNE, COUP and ORCL....
I am familiar with ORCL, it looks very good !
Saleem
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