Nice intraday rally continues as the emo…
Nice intraday rally continues as the emotions and worries over Japan’s disaster today start to fade and traders look to position themselves into the weekend. The shorts have had a huge week, and are feeling great about double digit gains in many of their most-hated positions. And that propels them to cover some of those shorts into the close. I’m no longer looking to add to some of my existing positions today and will instead go home with the same positions on the sheet that I had when I came in this morning. For a review, the stocks I’ve bought this week are:
- Apple
- Ciena
- Celestica
- Cisco
- Cypress
- Corning
- Microsoft
- Nokia
- Nuance
And I shorted one stock:
- Lender Processing Services
I had forgotten how much pressure, time and energy it takes to build a portolio, much less doing it in public like I am. And that’s left me utterly exhausted heading into the weekend. I’ll have some shorter-term, higher-risk trades coming up in the next couple weeks and I’ll be continuing to re-build my personal portfolio every day. So stay tuned, stay vigilant. And thanks for subscribing.
