I'll consider re-entering on a drop of perhaps 10%, down to $640s.
I am just continuing my stance of raising cash and slowly buying up short ETF exposure (as 'insurance' against long positions) ahead of this "binary" event that is the Fed (a random event that could go either way, and in fact has almost nothing to do with stocks I own, but could still push them in a meaningful manner one way or the other) I believe I have a whopping total of 1 long buy this week and that was the FMC Technologies (FTI) this morning - otherwise it's been all selling or buying short ETF exposure.
I took a little off my smallish Baidu.com (BIDU) as well. Not sure how to value this stock anymore (I suppose on 2014 earnings), so I will use more of a technical analysis approach on the stock as fundamentals were long thrown out the door.
Can 2:15 PM Wednesday get here soon enough so we can continue the normal market?
Long Baidu.com in fund; no personal position









3 comments:
brcm just completed 5 days of heavy selling down to the 32s/33s. the dip is $11.00 from $43 > $32. some of the company's growth factors remain on course. when are going to start bottoming fishing or?
fyi - just answered you on the BRCM Implosion entry - thanks.
As a Google Advertiser first and foremost and as a result, a stock holder. I don't see any competition in sight to match Google. It is the most effective in bringing customers to my site. I think it is preemptive on your part to sell your Google shares. With the impending GPhone news and DoubleClick verdict, this stock will go higher
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