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.



No comments:

May 15 - Closed out IWM puts for +120% and picked up DAL and HD Jun calls

I'm going to let the market do its thing this week and probably stay away from new positions until Friday unless something very good pop...