I bought Kendle International (KNDL) Friday on anticipation of earnings report and oversold condition - a 20% run would of been a nice, but I expected that over a few weeks. Today we are up nearly 17% so basically the target has been hit before earnings; I'm going to cut back 1/3rd of the position since the opportunity is offered. Kendle drops from a 3.2% stake to 2.1%. But the name is STILL far below any meaningful resistance area.
I also took a bit off A-Power Energy (APWR) this morning up 10% as it appears to now trade with the solar stocks all in 1 complex.
Long all names mentioned in fund; long A-Power Energy in personal account
6 comments:
Mark,
When you do performance numbers weekly, you should pull what the BLS does with the CPI, etc.....you should exclude Meena Polar in your performance because both the stock price and management has been so volatile.
Ie: since inception- -20%
excluding Meena Polar +5%
Hey mark, cramer is pumping AGG, should buy back your MOS, POT,CF...
Bill,
TSL has cut off 5% of performance alone - that's quite amazing.
Oa,
wait he was bearish on them a week ago. About 35% lower. Now bullish?
Shocking.
This time is different. Something to do with Obama.
Cramer's time frames differ from mine. He will turn bearish the first time they drop 5-8% - which could be tomorrow.
He should of been bullish 2 weeks ago. Sorry.
Oa, let me know when Cramer turns bearish on ag. He has a very easy pattern - stock is up, he is bullish, stock is down, he is bearish. So far he would of lost me about 6-7% by following him into his "table pounding" yesterday.
He is the ultimate momentum guy - it works fine when moves actually last for weeks or months. When the moves are a day or three - only good for daytraders.
Post a Comment