*All: Well, personally I am glad that last week is over. The weekend always provides a nice pause for reflection. Last week I broke a few trading rules and relearned some old lessons again. Never hurts to have a refresher....well, actually, it does. Gave back all of March's nice gains and a little of Feb. too.
Broke a major rule with WCAP in not selling into the early AM spike and just sat and watched it fall 7 points....saying to myself all the way down "I never allow myself to do this".
Timing has been VERY bad for this past two weeks. I am making good position moves and then because of impatience, selling just before they take off.
But, regardless of how bad one's actions are, you must allow yourself to see them for what they are, and learn from them. As my wife said this past week, "I like it when you have a bad week, it keeps you grounded". She is a great woman.
This market is more conflicted than I am at the moment. Provides for some very nice trades if you can be nimble enough to take advantage of them. Inets have had a resurgence and the big techs. are a little weak.....still.
Some good bargains out there for the patient tech holder.
Although CPQ has a little downside left in my mind, it has become a great trading issue.
DELL I believe is nearing its low as we begin to move into earnings season. Many again are talking about DELL beating their number.
CATP represents a great bargain here but I believe there may be some downside left for the next day or two. Most analysts still have favorable ratings on the issue but are saying it may take a few quarters to build confidence again.
HBIX was hammered and started a recovery. I still think it represents a value here for a couple of points.
PSQL is a great trading issue that anyone could play. I would purchase right here, and this may be my next position. They, too, are coming off of a weak quarter.
WCAP is an issue that I can't seem to gauge well here at 18. I thought it was a screaming buy at 11 for a double. And although that happened sooner than I thought, I expected it to continue higher as it got noticed and people finally realized what they do and how they are doing it. 18 looks to be good support here, at least recently.
The box makers have been taking it in the shorts recently as analysts continue to scream about weak demand. I listened to one elderly analyst that obviously has no grasp on technology. He said that the PC saturation in households has reached a point now that he doesn't believe will increase....and that there is simply too many boxes out there, exceeding demand.
Just read a survey stating that PCs in households has just reached 50% for the first time. People, this will only increase ...... we will not top out here at 50%. Count on it!
Plenty of other good plays out there and I will try to highlight a few here shortly.
Trade well all.
TJ |
