Today was a busy day as well as a productive day. I was able to readjust my portfolio down to nine stocks (inside the ten I wanted to keep under).
The day started off with my buying $CCJ in the morning simply because the market opened up. I also added to $BBRY expecting the price to hit $16 today.
I also like $CDXS bounce and was able to buy back some.
$PACB looked solid in the morning so I added more; meanwhile $DCTH was on the defense all morning and I didn’t want it to take too much of my attention, so I sold 50% of the position first and later the rest for small losses.
Then the DOW began to trek down to the even line and $AAPL was doing the same in the waterfall style on a 3 min chart. I don’t like waterfall falling prices, so I automatically reached for my mouse and sold my $AAPL to lock in profit before I gave back too much.
Even though $CCJ was still struggling to hold, I moved my stop to breakeven just in case. It was later stopped out.
$IMUC did not look good and it had been down the last two days; so I made the decision to sell now for small loss and maybe buy back later at lower price.
$AAPL looked like it was stabilizing so I bought it back with a tight stop below intra-day low. It was also stopped out later.
Before I knew it, $BBRY was also stopped out for small loss.
Since $PACB was acting strong all morning despite the DOW downdraft, I continued to add more which turned out to be a good decision. $PACB closed today up 16%! Yay!
I also took the opportunity to buy back the $SZYM I sold yesterday with the expressed purpose of buying them back cheap. I’m now back to full position on $SZYM.
$TINY, unfortunately, was going through some correction; since I’m considering this one at a position trade, I’m not going to jump in-and-out on this one especially when volume and liquidity is low.
By end of day, with the solid performance of the Bull making a valiant effort to bring the price action back to the Giant Wall One level, I decided to buy back the $AAPL shares I sold today.
Although my portfolio did not move much today with bad ($AMRN & $TINY) against good ($PACB); overall, I’m satisfied with today effort which was all about following the process correctly- cutting losses and adding to winner.
Current holding:
LRAD, AMRN, SZYM, TINY, AAPL, PACB, DNN, CUR, CDXS and 31% cash.
My 2 cents.
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