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At this point, I am looking to take profits in some of my more extended holdings, and roll that money into names that are setting up behind them. However, seeing as the market is still printing dojis below the key 1131 level, I am going to force myself to keep a heavy cash position.
Today, I took profits in my $CMG position. I am currently stalking for new longs.
All trades are timestamped inside The PPT.
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TOTAL PORTFOLIO:
EQUITIES: 28%
- LONG: 28% ($CBI $CREE $VMW $TQNT)
CASH: 72%
Is ROVI forming a bull flag on the daily?
Not a bull flag. A lateral base, sure. I sold out of it yesterday. Taking too long to develop. May reenter though.
Bought some YHOO and VECO to accompany my DSX hedge against my TWM (now balanced long/short plus majority cash).
Wow first time I’ve seen you trade non ETFs–I like both
New strategery has my account split 50/50 stock picks vs. etfs, so I’m back to scavenging for picks (small account though).
On a side note: COCO is “correcting” the downtrend today (and over the last week) and I’m back to even here after adding around mid 4s after insiders started open market buying and wondering if it will retest that 8.50 area?
Might just be time to call a spade a spade…
it looks great–i would expect a test of the 50 day m.a.
http://news.smh.com.au/breaking-news-world/eu-seals-first-asian-free-trade-deal-20100917-15ewx.html
maybe euro zone isn’t far away after all?
stalking, stalking.