I have a little homework to do this weekend after some sloppy trades. The Boeing schedule delay and then the ATI warning blew out what would have been a very good week. The triple play was the tech blow-out yesterday on BIDU.
Oh well, time for me to lick my wounds and stay in the game. I dropped TIE and ATI from my holdings and added UA and GS this week. Both new additions look good at the moment. AAPL gave me the chance to unwind and then buy back again at a lower strike price before moving up again.
The week was not a total loss, but I could do for a little less excitement.
Next week is the 1st wave of major earnings, but none of my stocks report. However, many of my stocks do report the following week so that next week is a set-up week for those brave enough to anticipate.
I need to raise cash. I will be looking to lighten up on any strength, especially if we get any bounce in PCP. The money flow for that stock since the Boeing announcement has been horrible as it heads towards it's 50-day ma once again. Holding $143 would be positive, given that this is a fib retracement area, however, the money flow does not indicate this as possible at the moment.
No comments:
Post a Comment