Let’s not be disillusioned by what we are seeing in the high beta, money losing, tech space. Sure, the gains have been bountiful and it almost feels like 2013; but it’s not. Let the dastardly after hours pin less hand grenade trading in SPLK and BLOX serve as a reminder to you. If you’re playing this market, you need to remember two things.
1. Never hold a money losing tech stocks into earnings.
2. Limit your exposure to money losing tech stocks to just 20% of your overall portfolio.
The biggest winners will be in the companies who make money, period, end of discussion. Case in point: my semi-annually managed portfolio of growth stocks is now +0.4% for the year. Had NUS not been cut in half, I’d probably be up 10%. I will be updating that GARP portfolio over the weekend, which will remain static, designed for longer term investors, for the remainder of 2014. I intend to put my best efforts into the selection process, comprising of 15 growth stocks of the undervalued varietal.
I made over 2% during today’s session, reducing my year to date losses to mid 27%, which is a full 10% off the lows. Should I get down to the low 20’s, I will likely take a more aggressive approach to this market, in order to expedite my current predicament.
This rally is dated till Alibaba.
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Seems like you are back in tune with the market, good to see.
I do not need approval from the likes of you.
Indeud.
You said you were holding on to XON for a near term $20.00 target, now that it has advanced through that, what is your target now?
Long JD into baba IPO for the win
I presume rules number 1 and 2 did not apply to you two months ago.
-100% long JAZZ
No wonder all of the smart people are becoming pharmacists.
We will see the ACA (0bamacare) reduce anyone in or associated with healthcare and the medical professions to the level of street sweeper.
Everyone has to earn the same you know. Equality for all.
Stock brokers will be next.
Good sir, I am flushed with cash after my large aapl trade. All in XON?
Read the post, bozo clown.
I did. It was uninspiring. Needs more vxx gorilla or smoking pipe.
Alibaba has pissed around too long with their offering.
They should have been doing it six months ago. A sign of truly STUPID management and advisors.
PANW? THOUGHTS?
Panw trades lower
Why do you say it is dated until the Ali baba’s? The King Kahuna is end game?
JD and JMEI have been nicely received IPOs. If they are any proxy for AliB., then buy the frank out of AliB on day one.
This market has to take a breather sometime, but I still see higher prices and dead bears in the coming months. My best performing portfolio has had NO TRADES this year, whilst many a piker has blown up their trading accounts thrice over by trying to jump in and out of so called winners.
AA AAPL CSCO FSLR F HAL HPQ INTC JNJ JWN MSFT SLB, etc. All winning. All blue chips. No need to buy and sell crapola to make money.
That’s my style along with tesla goog and gamble with 2 or 3 percent of total port on
ifon
although you say it’s a dead cat bounce I think you are gonna hold anyway. that’s what i would do