So what to do now? If things get ugly, I plan to collar my long position with puts. Otherwise, I am also putting together a shopping list. This list includes ANSS, AAPL, BTJ, PCP, GS, UA, and GRMN.Until the trend changes, there is no hurry to run out and buy, so I am looking at good entry points for these stocks. Here is what I am thinking:
- ANSS. Buy at $37.50 with a stop at $36.50
- AAPL. Buy at $179.00
- GS. Buy at $189.00
- BTJ. Buy at $36.00
- PCP. Buy at $138.00 with a stop at $133.00
- UA. Buy at $46.00 with a stop at $45.00
Now with GRMN, I really don't yet have a clue. After looking at that chart, I would just be guessing. I want to buy more when it gets cheaper, but it is a stock without a solid base. We shall see.
These stocks may never get to these prices, but if I think that the market tape is as bad as I fear, they may be there very soon. I am watching the trend for a change, but this is my Christmas list.
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