I still believe in LNKD, but when the stock moves up so fast in such a short period of time, its time to take a little off the table.
I still believe that INTC has a great story and will be a large part of the future of computing. If the stock does drop yet the fundamentals hold up, I may double my buyback. And I’m keeping half of my position just in case Goldman is wrong and the corporate pc upgrade kicks in large.
I sold my entire TAP position today at 10am for $47 per share. I have held a position since November 5/2009 with an adjusted cost basis of 44.049 per share. I’ll take a small gain in my small position at this time because it looks like TAP has some strong headwinds. From raw material costs to continuing slow economic growth, TAP looks like it will be stuck in this price range or worse, may decline in price.
My plan is to pickup Citi under $35 after the split. Long term, I’m still bullish on C. Short term, I’m completely out.
I think it is time to take a little GS off the table after such a nice long good run on the stock. I will put a buy back in at $155.
In the long run, I am bullish on GS and agree with Credit Suisse’s target price of $190. In the short run, I don’t consider GS an ‘outperform’ as CS does. I think GS is due for a pull back and I look to pickup some shares in the next three to six months at my target buy price.
What I sold last year: I sold EMC at $19.25 for a 18% long term gain – still holding significant number of shares. Sold too soon. I sold all my SLV at 27.65, 43% short term gain, but did I sell too soon? Very scary at these levels. Looking for a major pullback before considering … [Read more…]
SLV has had a long good run, I’m up 42% since 09/08/10 when I bought the ishares at $19.5499. Now I’m ready to sell.
I just updated my stock orders. Now that the elections are over and the fed is printing money, I have modified my trades to the following…
Beaglefolio Buy 1/4 INTC at 19.50 Sell 1/4 CSCO at 27.50 CSCO one month chart. IRA – Retirement Buy 1/2 MO at 23 Buy CVX at 80 MO one month chart Comments: Beaglefolio INTC – IT spending, driven by aging computers and bandwidth-consuming applications for PCs and servers will provide healthy demandfor microprocessors. S&P’s 12-month target … [Read more…]
Likely with uncertainty caused by the fall elections, they will go down. Therefore I am reducing risk by selling all SPY holdings. I will consider re-investing after the elections.