Orders: Buying the index:
Buy 30 MDY @ 82.50
Buy 30 MDY @ 81.00
Buy 50 NVDA @ 20.50
Buy 100 MLNM @ 9.55
All orders expire end of Friday. I realize that some orders are above the closing price, so if the index opens at a lower level, obviously the fill will be at that price.
Basically I have no idea what individual stocks to buy right now. Half of this is due to my own negligence (I've been losing track of individual issues in the index), and the second half is because I truly don't know which sectors are going to take advantage of this Nasdaq rally. My best bet is that the stocks that have shown strength will show incredible strength in the future, but there's also the other side of me which says that the laggards will be the ones to get most of the cash flow.
Oddly enough, fibre optics might make a comeback, but I don't want to be sticking money into AFCI quite yet.
I'm also taking a look at MYL - a generics pharmaceutical company that appears to have been shorted rather aggressively over the past little while. Why is this the case? They seem to have a sparkling balance sheet, and excellent operating income, and cash flow. However, from my two minutes of DD, it looks like the market *knows* that there's something wrong inside the company. I'm not willing to be a holder as long as that's the case. But I'll do some more research over the weekend and find out if the books are clean.
NVDA will be my single-stock bet for today. And probably the next couple of months. Whatever is good for DELL will be good for NVDA. Thankfully, NVDA reports in August, and not July. Which means that the stock has quite a bit of room to run up in the hype that will be seen in the Nasdaq coming up.
MLNM.. well, despite the fact that I slammed it on its own thread, there's probably some technical upside in the stock as investors might want to reload a bit of their portfolios in biotechnology. This one is a difficult call, but I'll try to conservatively slip some shares into this portfolio at a price 50 cents below the closing price of today. (probability of me getting filled here is piss poor, I know).
Generally speaking, I'd want to leverage the portfolio in the "tech" area, but I'd feel uncomfortable putting the portfolio in a direct semiconductor play (like IDTI), but rather something that has some indirect impact. It's difficult to describe the 'fuzzy area' that I'm referring to. |
