Greetings,
Currently I have four open positions. I closed three positions this past week all for winners.
The market cooperated a little last week, finally rebounding up after many down days. The retail sector was a major benefactor allowing me to sell WMT, BBBY, and HD for positive gains. I sold HD at $35.45 for a 60 cent gain. I sold BBBY at $35.86 for a 50 cent gain. In addition I sold my WMT position for a 50 cent gain, as I had a cost average position of $53.64 and sold it for $54.14.
The Tech sector did not benefit as much. CSCO did rebound a bit this week, as well as LU. At one point LU broke the $3.20 mark, but ended the week just above my buy in point of $3.04. With a little push I could potentially exit this position next week for another winner. ORCL was basically flat for the week not advancing or declining much. If ORCL falls below the $10 dollar level I will consider cost averaging this position. INTC did not advance much this week. If you are stuck in this position as I am you may consider selling the call options to generate some profit and offset some of the fall of INTC while waiting for it to hopefully recover.
Some members have asked if I would consider cost averaging CSCO again since I've already done it once. Yes, I would in the hopes that it will not drop any further. In addition, knowing my personal financial position would allow me to be heavy into CSCO which may not be the case for all. I don't think it's a good idea to have all your eggs in one basket.
Be patient and methodical, down positions can turn positive and there is always new opportunities to be found. It's all a matter of time.
Have a great week,
Anthony
______________________________________________________
[Customer Service: InvestBilling.com]
These notices of Anthony Myers' trading ideas are intended to provide opinions about and analysis of the mentioned stock(s). They are not intended to provide personalized investment advice. DO NOT EMAIL ANTHONY MYERS SEEKING PERSONALIZED INVESTMENT ADVICE, WHICH HE CANNOT PROVIDE. Anthony Myers is the commentator for AEM Investment Company, LLP. Online Investment Services, LP. is a publisher (via InvestmentHouse.com), and neither Online Investment Services, LP, InvestmentHouse.com, nor Mr. Myers is registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission or with any state securities regulatory authority. From time to time, Mr. Myers may write about stocks in which he has a position. In such cases, appropriate disclosure is made. Mr. Myers statements represent his own opinions and is provided for informational purposes only, and no mention of a particular security constitutes a recommendation to buy, sell, or hold that or any other security, or that any particular security, portfolio of securities, transaction, investment strategy is suitable for any specific person. You further understand that Mr. Myers will not advise you personally concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. To the extent any of the information provided may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person. There is a very high degree of risk involved in trading. Losses can be significant. Past results are not indicative of future returns. You bear responsibility for your own investment research and decisions and should seek the advice of a qualified securities professional before making any investment. By accessing this data and accepting emails from us, you agree to be bound by the Terms and Conditions of service and the Disclaimer as such may be amended from time to time.
|
