The market’s down thanks to a horrible jobs number, but so far it looks like dip buyers are out and about. I have yet to do anything, but find myself in a good position with more than 70% of assets in cash.
I’m a little worried about this AAPL position, and may have to jump ship if the lows are taken out. For now, I’m holding, along with my other two positions.
Social media names are flying with $FB leading the charge– I guess I should have held onto that one. Yelp is another name that interests me here.
I’m also looking the the bird flu plays, and feel that they should get another pop on Monday as news starts to escalate over the weekend in China. I’m specifically targeting $BCRX here around 1.50.
Still anyone’s game, less is more here.
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You have to treat AAPL this year like I treated MCD last year, just stay out of it. Then, just like MCD is now doing the 100 roll, AAPL too will revive. But first you have to understand how Art and Cook operate, you can Google it, go back about five years or so and work your way up.
$AAPL taking out the low of yesterday was a dumpable event since it was a pivot-low from the last downdraft.
My 2 cents
Thanks for the tip on $BRCX since I’m also concerned about the bird flu in China. I may buy some for the weekend roll-of-dice.
Cheers!