Reducing GMCR Position
Given the monkey move higher in GMCR today we are reducing our short position some now. Clearly the break lower that we saw was too obious for it to work in a classical fashion. So, we are reducing size and should we get a break out to the upside in coming days we could even […]
Monday Afternoon Update
if we were to tally it up right here right now at 3PM ET we'd see a flat session…with a decent intraday swing. Financials are at the forefront again today along with industrials. Nothing is really moving a ton however, except silly stocks like GMCR which is up off its intraday lows around 8% today. […]
Bucket 2 Trade Update
We are shrinking our Bucket 2 long position in FDX by 1/3, so we are left with 2/3 of the original position. We are doing this pretty much at the entry price, so no gain or loss…just taking some risk off the table.
GMCR Update
We are short Bucket 2 GMCR…so far today it is dropping nicely…some supporrt near $41 should be expected.
Portfolio Holdings January 9
84% cash Bucket 2 Symbol Open D Direction Sectors Avg Entry Stop Target 1 Target 2 Closed P Closed D FDX 12/16/2011 long Indu 85.1 80 90 MMM 9-Dec long Indu 81.73 77.5 85 83.68 9-Jan SBUX puts 3-Jan long April 45 strike puts Cons Cyc 2.76 […]
Morning Thoughts January 9
This morning it's all about timeframes…and that's what we do! Friday's trading session was rather flat and uneventful, which was to be expected after busting out of the gates the way we did on Tuesday when they opened the markets for 2012. The 'easy' trade to the upside is likely over, although we still expect […]
New Bucket 2 Trade:
We are short GMCR as of Friday jan 6th as the stock is breaking out of a very tight consolidation range to the downside. Short GMCR at 43.23