Sales - I sold down more of my Ultrashort Positions, and I sold HALF of my MedcoHealth Solutions (MHS) which is almost like buying an Ultrashort - this stock has been as strong as a rock, but I want to raise cash now that the market is finally creating some panic selling.
Purchases
- Apple (AAPL)
- Research in Motion (RIMM)
- Atwood Oceanics (ATW) - deep sea oil driller finally falling to 20 day moving average
- Smith International (SII) - oil service name I just added to the portfolio Friday, falling to 50 day moving average
- Suntech Power (STP) - my favorite 'safe' solar stock, falling to 50 day moving average
- Solarfun Power (SOLF) - my more speculative solar stock, falling 15% to "near" 20 day moving average (could fall further) but this was the smallest position in the portfolio so I wanted to begin adding back
- Foster Wheeler (FWLT) - buying back infrastructure position sold just last Thursday at $167 range for $151
- Chicago Bridge & Iron (CBI) - buying back infrastructure position sold last week to lock in profits near $58
- Mastercard (MA) - as it falls under its 50 day moving average
- Potash (POT) -fertilizer name falling to its 20 day moving average
- CF Industries (CF) - fertilizer name falling to its 20 day moving average
I would of bought Mosaic (MOS) but the darn thing barely fell, so instead I bought other fertilizer names - I think this indicates earnings this week are going to blow us away.
I started a new position in Latin America Ebay clone MercadoLibre (MELI). Folks this is a very expensive stock, but think of Baidu.com (BIDU) of Latin America. I asked Marketocracy.com to add this to their portfolio of choices when this was under $40, it has since doubled to $80. Now that is available for me to buy, I am forced to buy it at 50% of where I wanted to, in the $58s. But I started a position here in this name - if this was a real mutual fund we would of owned this around $38. (grumble to self) I bought a 300 share position here to start (1.5% of fund). Still peeved I could not buy it under $40.
S&P500 is now at 1400-1405 level. This is our bottom of August and November. I expect the Plunge Protection Team to do their thing soon.... (and at least a tradeable bounce)
6 comments:
Mark, you changed RSS viewing options. Pleas but that on again that we can read full RSS storys, not half of it like now.
Hi Mait,
I used to have it set like this for the first few months. I am testing 1 thing, and in 48 hours (or less) will change it back. Just want to test one thing on the website traffic...
Ok, right! Tell me the results also then, I want to know if it changes traffic or not :) I was wondering that to..
I am curious myself. I have not checked in a long time the # of email subscribers, last I checked a few months ago it was 40 - I checked this weekend and it was around 250! I dont have any advertising but in theory if I want to attract advertisers I need people to come to the blog instead of reading at their email. But thats not the main goal. However the analyst in me wants to see the difference if we just do the 'teaser' for 48 hours, and to read the full article one must come to the website. Remember, my other goal was to pass GOogle as the most visited website in the world ;) haha. Ok ok, you have to shoot high in this world even if you fail. =)
Yeah I understand your point. BUt if we all think that way its too annoying to read all these blogs that I have in my RSS list. I dont even imagin it. What a waste of time. Yeah, I know it sounds terrible, sorry about that. But If you make a desision that way, no worry, I still read your blog... hehe :)
What? You read other blogs? That's cheating on me. haha.
I will change it back after tonight. Also for your other question only US based investors can invest so you will need to move I guess. However, I broke the top 10,000 most popular websites in Slovenia per Alexa.com lol.
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