SOLD FSIN $8.51, 14% profit
SOLD AZC $2.06, 11% loss
BUY KV.A $2.83
BUY XOMA $1.051
Markets sold off pretty heavily today but rebounded from the days low near the end of the day. I am contemplating whether to raise some cash here and exit some of my weaker positions while holding onto my strong stocks. Its getting hard to monitor so many stocks and I feel that I am not making the highest quality trades.
We'll see tomorrow how the markets react to todays selloff but it looks like the major indices held some support (20 day MA) but broke down from the trading range it was experiencing the last two weeks. We are at a critical point now where if we see some more weakness and selling off today, we can be heading a lot lower. However, if the markets can hold here above there upward trendlines or continue trading sideways, that will be a positive. Have your stops ready and be fast to pull the trigger on any losing stocks!!
I have a few stocks that continue to rock and roll since my recommendations:
PWAV +30%
APL +68%
IVW.TO +71%
WTN.TO +25%
ARM +17%
Losses are small and tight, having a great month so far!! Will look to raise some more cash and lighten up on my exposure as I am expecting some pullback in the next few weeks as Q2 earnings start to roll in.
SOLD AZC $2.06, 11% loss
BUY KV.A $2.83
BUY XOMA $1.051
Markets sold off pretty heavily today but rebounded from the days low near the end of the day. I am contemplating whether to raise some cash here and exit some of my weaker positions while holding onto my strong stocks. Its getting hard to monitor so many stocks and I feel that I am not making the highest quality trades.
We'll see tomorrow how the markets react to todays selloff but it looks like the major indices held some support (20 day MA) but broke down from the trading range it was experiencing the last two weeks. We are at a critical point now where if we see some more weakness and selling off today, we can be heading a lot lower. However, if the markets can hold here above there upward trendlines or continue trading sideways, that will be a positive. Have your stops ready and be fast to pull the trigger on any losing stocks!!
I have a few stocks that continue to rock and roll since my recommendations:
PWAV +30%
APL +68%
IVW.TO +71%
WTN.TO +25%
ARM +17%
Losses are small and tight, having a great month so far!! Will look to raise some more cash and lighten up on my exposure as I am expecting some pullback in the next few weeks as Q2 earnings start to roll in.
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