I sold a portion of Chesapeake Energy Corporation [[CHK]] @ 47, and [[SKF]] @ 126
I bought Apple Inc. [[AAPL]] @ 178.70
Celgene Corporation [[CELG]] left unchanged.
Note: These are not my normal breakout trades, these are core positions that I’m trading around.
Breakout play: I will add Amgen, Inc. [[AMGN]] above $64.
Comments »What do we have here? The market down another 150 points, Ha. Let’s take a look a the fantastic four:
[[SKF]]
Chesapeake Energy Corporation [[CHK]]
Celgene Corporation [[CELG]]
Apple Inc. [[AAPL]]
All in great shape, and all paying dividends. I have yet to take a big position in AAPL, but do own some in the IRA. Speaking of my IRA, NVIDIA Corporation [[NVDA]] is lighting that account on fire this morning, but that’s another blog.
Back to AAPL for a second. There seems to be strong resistance around $180, above that is where I will enter my trade.
Canadian Solar Inc. [[CSIQ]] did not work out as planned, sold at the open for a small profit (basis was $26.xx).
Amazon.com, Inc. [[AMZN]] is still in pullback mode, however should the market gain steam, this is one you want to pull the trigger on.
Sorry for the late updates this week, but I’m in the process of buying a home.
Long live SKF!
aka: Biotech
Amgen, Inc. [[AMGN]]
PDL BioPharma Inc. [[PDLI]]
Gilead Sciences, Inc. [[GILD]]
during last Friday’s bear market rally.
….and the meaning of Pineapple express.
[youtube:http://www.youtube.com/watch?v=GRouEdc9oAA 450 300] Comments »So, what do we have here? Lehman Brothers Holdings Inc. [[LEH]] broke down as predicted. Oil [[USO]] continues to trade lower, and Apple Inc. [[AAPL]] continues to march higher.
What have I been doing…
Ever so quietly I have been building a position in Chesapeake Energy Corporation [[CHK]] down here, I have also been building a position in [[SKF]] . I have a core position in Celgene Corporation [[CELG]] , but do not plan to add at the moment. I am also watching my RIMM position suck wind, while AAPL marches higher.
I may trade out of RIMM for AAPL, I love the strength in the name.
Two new additions to the trading portfolio yesterday:
Amazon.com, Inc. [[AMZN]]
Canadian Solar Inc. [[CSIQ]]
Nothing has changed in my view for the market– same ol’ volatility. I will continue to focus on my fantastic four: (CHK, SKF, CELG, & RIMM AAPL), while searching for breakouts.
As for AMZN, it’s headed for $100, and that will be my exit. CSIQ will be sold after earnings tomorrow morning.
Have a good day, I’m busy.
Comments »Before getting drunk and buying stocks again, watch Lehman Brothers Holdings Inc. [[LEH]] . It is on the verge of a significant breakdown.
No way the market rallies if LEH breaks down.
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