Sell Targets!

I’ve been here, hangin with the Fly for a few weeks now and I feel the need to remind myself that all stocks are just a trade–especially when the market is no longer trending higher. Let me also remind myself that we are establishing a new trading range with boundaries of SPX 1040 to the 1120 area. 

Here we are, marching towards the top-end of our trading range, as forecast with regular predictability since just after my arrival. I must also remind myself that I called for a test of 1040 the minute I got here. We did that, now we’re doing this.

SELL TARGETS:

Hudson City Bancorp, Inc. [[HCBK]] –Bought 12.80. Target 15,  and a 4.5% yield .
Telecom Corp of New Zealand (ADR) [[NZT]] –Bought 8.00. Target 10, and a 8% yield .
Oceaneering International [[OII]] –Bought 53.50. Trading target 60.50.
Goldman Sachs Group, Inc. [[GS]] –Bought 149.00. Trading target 170.
Century Aluminum Company [[CENX]] –Average cost 11.50. Trading target 14.50.
Kulicke and Soffa Industries Inc. [[KLIC]] –Bought 4.90. Target 7.75.
eBay Inc. [[EBAY]] –Shorted 24. Trading target is 19.50.

Dividend stocks, low and high priced stocks and even a short. Well rounded. I don’t care if you sell them all right now and ring the bell. You’re a big boy, put on your big boy pants!

I’m batting 1000 with an average gain of 12.67%. In less than 3 weeks. Without a momentum market. Beginner’s luck? I don’t think so, bitches…