(Some of my) Current Best Reward/Risk Picks and Holdings
None! How's that? No holdings right now are in my short term accounts except a little SANM and BMET. Market is too risky and inconclusive in very short term. I am holding some stocks in my longer term portfolios, but took seveeral nice profits and a couple losses yesterday & early today in my short term accounts.
Again, I don't trade to trade and I seek HIGH PROBABILITY REWARD/RISK TRADES ONLY. I try not to commit too early when things are overly murky. While I think the NAZ could rebound at least briefing either Friday or early next week, making any trades on the long side here is strictly guesswork.
I'll look at what sectors are doing well tomorrow, since the early indications usually hold throughout the day and go from there.
That said, some tech stocks with relatively good guidance going forward are getting cheap, especially in the Communication IC and networking and semi's in general.
Of course also hoping for some nice pullbacks in non-tech stocks I like as well.
WATCHING TECHS - SEBL, CNXT, GSPN, TSM, QLGC, XLNX, AMAT, and even cheapies like TXN, SLR, FLEX, ATML especially for my longer term portfolio.
WATCHING FINANCIALS - WM, JPM, C (looking for more)
DRUGS/HEALTHCARE - PFE, AMGN, HCR, ESRX, etc. (looking for more that are undervalued with good fundamentals)
NETWORKERS - RSTN, SONS, ADCT, MFNX (last 3 are especially speculative and probably early)
EDUCATION (based on increased spending bill): MHP, LSPN (latter is highly speculative), SCHL (looking for others)
ENERGY(oil/gas)- WMB, NBR, COO and looking for more
This list can change dramatically from day to day (and will) but usually I strive for stocks that are quality companies that either have guided positively already or expect to over the next 3-6 months and are really, really cheap as a result (i.e. SLR). Stocks like LSPN, SONS and MFNX are gambles quite frankly and fly a bit in the face of the main goals. |
