Trade Alert: Four tranche buys, two trims
I’m going to make a few trades here today. Remember when the DJIA was down 1000 and hit its August lows and I wrote:
Just scale into some more long exposure while others are panicking. That’s exactly what I’ll be doing this morning as I nibble on some of my highest rated stocks. I’m not going to go all-in and I’m not going to load up on call options (yet?), but I am going to scale into more long exposure while others are panicking. So, my daughter Amaris has a doctor’s appointment this morning and I’ll be there with her early and then I’ll be back before the midway point of the trading day. This morning, I’ll be nibbling on some:
AMBA below $80.
AAPL below $100.
GOOG below $590.
FSLR below $42.
EZCH below $20.
Cody back in real-time now. First Solar is up 20% since that day, Google is up 12%, EZ Chip got taken out at a 25% premium, Apple’s up 10%, and Ambarella is down 20%.
I’m going to trim First Solar, selling about 1/4th of my position or roughly the same number of shares I bought that morning.
Meanwhile Sandisk is up 11% and now up a whopping 50% from its lows in August. I’m going to go ahead and trim 1/3 of my SNDK today too.
I’m also buying some stocks today, adding about a 1/3 full-sized position tranche in SIMO Silicon Motion (we started buying a few weeks ago) and slightly smaller tranches of about a 1/5th of a full-sized tranche in the following: WFM Whole Foods, TWTR Twitter, FIT Fitbit.