Into the depths of the declines last week, I stepped up and did several rounds of buying. Recall these posts:
It’s time for another fresh round of tranche buying of a little more GOOG and FSLR common stocks and I’m also going to add a couple call options on the SPY here — buying the calls with a strike price of $186 from November 2014.
https://tradingwithcody.com/2014/10/15/trade-alert-buying-some-spy-calls-for-a-trade/
I’m doing exactly that today with scaling into some $FB, $SNDK, $GOOG and $AMBA.
https://tradingwithcody.com/2014/10/13/trade-alert-nibbling-some-names-as-we-analyze-the-cycles/
I’m going to add a tranche of common stock in Twitter for now (A little bird, get it?).
https://tradingwithcody.com/2014/10/15/trade-alert-a-little-bird/
Every single of one of those trades, including the Google which sold off after its earnings report subsequent to our having scaled in, are up. Amba is up nearly 20% since that tranche buy and Facebook’s up about 10% and on down the line.
I’m going to trim the same tranche I bought at the lows in both Facebook and Ambarella for now. I’m keeping most of my position on the sheets and Facebook remains at Top 3 position of course, but as usual, I’m going to take the pitches that the market gives us and trade around my large core investments in these names.
Been stressed out by the volatility and big pullback last week? Now’s a good time to remind all of you that if you were in pain at this time last week when the stocks were 5-15% cheaper than they are right now, then you probably are TOO long and should think about trimming down a little bit while stocks are back up.
Don’t forget this week’s Live Q&A Chat at 2pm EST at https://tradingwithcody.com/chat.