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Trade Alert: Nibbling two names as fear rises

January 4, 2016 by Cody Willard

Stocks getting hit hard early after a 7% sell-off in China stocks and a broad sell-off throughout Europe and Asia.

Any fear out there? With the DJIA down -400 and the trading year not even 0.001% over*, I think it’s a great time to do our poll. Who’s more scared right now, the bulls or the bears? I think the answer will likely be rather unanimous right now that it’s the bulls. And that is likely a good indication that we should be trying to take advantage of others’ fear and buy into the panicky sell-off here this morning.

We don’t have to be heroes, we don’t have to draw a line in the sand. But we have been following our playbook of buying weakness and fear; selling euphoria and all-time highs; taking profits and cutting losses; reducing the total number of positions and overall long exposure when stock markets were at all-time highs; etc. This is one of the steps we take on our marathon race of maximizing our upside and minimizing risk for our portfolios over the next 10,000 or so days of our lives.

So I’m going to go ahead and put some money to work this morning, nibbling on some of our existing portfolio names and in most cases buying back some of the stock we had trimmed at higher levels.

I’m scaling into some SYNA and AAPL this morning:

Synaptics – I’d trimmed 1/4 of my position in this one back in October when it was near $90 and today with the stock at around $77, I’m going to buy 1/2 the number of shares back that I’d sold then.

Apple – Nibbling another 1/10th-sized smallish tranche here around $103, a second recent tranche adding to the shares I’d nibbled on last week and the much larger core position I’ve owned for many years.

*252 days that the stock market is open times an average of 6.5 hours per day is 1638 trading hours per year, and we aren’t even through the first hour of the first trading day of year as I type.

Related posts:

Trade Alert: Here's the playbook
Trade Alert: Old school telecom or 5G killer?
Trade Alert - Investing in Caine's Arcade...er, Apple
Trade Alert - Two nibbles, one stemming from my initial thoughts on the iPad Mini
Trades for the week of April 23rd through April 27th
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Filed Under: Trade Alert

Disclosure: At the time of publication, the firm in which Willard is a partner and/or Mr. Willard had positions in some of the stocks mentioned above although positions can change at any time and without notice.

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This does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or cryptocurrency or token any other product or service by Cody Willard or any other third party. Furthermore, nothing in this is intended to provide tax, legal, or investment advice and nothing in this should be construed as a recommendation to buy, sell, or hold any investment or security or cryptocurrency or token or to engage in any investment strategy or transaction. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your business advisor, attorney, or tax and accounting advisor regarding your specific business, legal or tax situation.

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