Momentum names are coming in, namely YELP, SPLK, SALE–amongst others. Do not be a zealot and buy them now. Bide your time and plot out an entry strategy. These stocks are winners and are not done going higher. I am not worried about SALE or SPLK, not only because I am confident about the eventual outcome, but also because I am broadly diversified. I haven’t owned this many stocks in awhile.
Just to recap, my largest holding is EZPW, followed by SPLK, SALE, MA, BBBY and GNC. I have other holdings in IFON, IMUC, ARGS, BLOX, ANGI, NUS, FB, SPCB, just to name a few. I am up almost 10% for the year and that has afforded me the latitude to be patient, to endure the volatility, unlike many of my great competitors who end up blown to pieces on market corrections.
In summary, if you’re feeling pressured due to pullbacks, fix your allocations. The market is going to rip higher in March, so prepare for it.
UPDATE: I added to SALE, as it’s off nearly $3.
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March is Monday. I should buy them now before they rip.
I was actually hoping SALE would maintain all gains through this week…not happy with today’s action per next week’s tournament setup…would have rather seen it come in next week, not today already.
today’s action is tantamount to sandbagging for next week’s action…absurd!
full court press by FSLR is working
I wish I had the tech. knowledge to exploit what I see is the occasional inefficiency of etf pricing.
Today it’s GDX (gold miners).
2 of the top 10 holdings are up and the top 40% are down an average of 1% and yet the etf is unchanged.
ITB (homies) and XLF also show up like this from time to time.
Can’t think too hard as it’s 72 degrees and clear blue sky. Going for a bike ride and screw the market.
Was wondering about SALE. Saw no news or reason to sell, only to buy. Thanks for confirmation
All in, 100%. But April SPY puts are dirt cheap so bought some insurance.
Coupon.com IPO potential reason to take some cash in SALE, buying Opp against $40