Here are some updates from trades I have discussed on this blog, but make in real-time inside the 12631 Trading Service.
I took down the rest of my profits in a TWTR long earlier, over $51, for about a 12% win. The stock is acting very well but I wanted to take down the gains when I had them and revisit it if and when the stock digests.
I covered some more of my WYNN short into this mini-swoon as buyers are getting stuffed intraday. I still have a core position on, though, as the stock positions for a major breakdown on a multi-year basis.
I covered a starter UNP short for a very small loss, and sold an INVN long for a contained loss as both plays did not go my way. I elected to take risk off the table instead of holding and hoping.
As it stands now, I am looking for more coffee strength and some more weakness in bonds this week.
Chess – what is your target on WYNN? I’m short LVS. Looking to cover some today below $63 with a full cover target in the mid-to-high 50s
$173
nice call on WYNN
Thank you, Grouse.