My portfolio is slightly up on the day while the indexes are slightly down. Overall I think this week is going to be pretty up and down with lots of important earnings as well as options expiration. I'm not looking to do a whole lot, although yesterday I did make a bit of a short term bet that oil and oil service stocks would bounce. I'm using VERY tight stops and hoping to catch a quick bounce then exit.
I did initiate new positions in CSCO and CCRT this week though, as I've freed up some space in the portfolio the last few weeks by closing out a few. I don't know if I put them all here, but I know I closed out MA and DEO in the last few weeks, and I closed out ARG for a nice 10% gain today. I also added CWTR to my watch list. Aside from that though I anticipate being pretty quiet this week perhaps making a few very short term moves and/or initiating perhaps 1-2 other new positions since I have a 25% position in cash right now. I don't really like to game options expiration or earnings though so I'll be pretty cautious deploying my cash.
-Rizen
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3 comments:
Hey Rizen,
i was wondering if you could write a post about your trading style. If your a quant/technical guy or a fundamental guy?
thanks J.
CCRT is an outstanding purchase here IMO. It only sells at about 8X 07 EPS estimates and has strong growth potential.
Your blog is very educative..
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