I sold many (BMCS, CRA, SEBL, CPST, EMC), I only hold ATHM, AVCI, WCOM, JDSU buys from last week, plus others I have held for long term. I should of sold ATHM today. I'm trading around EMLX, JNPR , NEWP, BRCM. When I say trading I mean day or less then 24 hours most of the time.
I have used and stayed on margin for years. I feel this market has enough volatility that I don't need to stay on it for more then day or two if at all. I'm doing a lot of plunging, putting nearly the full force of my available funds to work on a small number of stocks. Say JNPR for one, I might use 30 to 40% of my funds in trade on it. JNPR, EMLX, NEWP and now BRCM are clearly wanted by the street, so they are easy targets to scalp. Right now I feel the market is short term over bought, so I have backed away. Also, I have a time constraint to deal with so my full mental powers can't be used at this time.
Greg |
