Thursday, May 25, 2017

May 25 - Getting cautious on China names, long BIIB, TWTR

Have to admit I botched this big run up in tech.  FANG names are moving and I got overly spooked by last week's move down when I sold my FB/ PCLN/ INTC waaaaay too early after the bounce.

I am not liking how lots of China names are getting whacked like MOMO, BITA, SOHU, etc.  Still think huge upside ahead but might be best to see some consolidation first.  I trimmed off 1/2 BIDU and will be watching closely.

Still long FCX, SKX, RMBS from a while ago

I wanted to see this move

BIIB has a great setup

TWTR long courtesy of Jeff Kohler at Trading Addicts.  If you haven't tried his service, very good stuff, highly suggested.



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