Continuing with my theme of putting out feelers into this market until proven wrong, I went long two more issues today. I consider today’s action to be bullish, and would be enticed to buy more, should we see a few more quiet days like today.
(All buy orders time stamped inside The PPT)
LONG:
1/2 sized positions in: $MDAS $ISH
WARNING: Both stocks are relatively thinly traded. Please be aware of this, should you choose to follow.
TOTAL PORTFOLIO:
EQUITIES: 27% ($APKT $LULU $CRM $IAG $MDAS $ISH)
CASH: 73%
NOTE #1: Should I add any more long exposure from here, I will likely put one some hedges to the short side.
NOTE #2: These are posted to be trading ideas only. If you choose to follow me in, I urge you to use stop losses to mitigate your downside risks (I prefer a 7-8% trailing stop loss).
[youtube:http://www.youtube.com/watch?v=LeCYvHIISg0&feature=related 450 300]
