Boys And Girls
As mentioned earlier, we had a blood bath of Gold related losses today. We got hit for 35% on our June GLD calls we have been accumulating. Yes we did sell to close. OUCH Again, the fall through the 200 day moving average spooked us enough to get out and lick our wounds.
As we know by now, the financial sector played a huge role in yesterday's big pop. It looked like that was going to continue into the day. By the time we headed out to lunch, things had cooled off and it looked like we might have a small loss. The day finished mixed with the DOW and NASDAQ up a TAD and the S&P 500 down a TAD. (TAD is an investment term meaning Totally Ambivalent Direction)
Here is the look at our CORE holdings.
AAPL
Up again almost 4%. I will hate getting these shares called away, but it will happen at a beautiful gain. Or I could buy back the calls at an 895% loss. Mmmm. NOT.
MSFT
This one continues to perform and most accounts see gains anywhere from 4-16% depending upon when you got in. The shares are up 26% since the Dec rally began. At 33 and change, we are entering a 20% gain off our buy point and will consider how long to ride this. The 2.5% yield makes it a tough call.
XOM
West Texas was up a TAD today and Brent was flat so we can't explain why XOM weakened a bit. Like gold, we probably had some speculators look for gains in equities and left the oil play and the dollar was stronger as indicated by the yucky bond market today.
CELG
In line with the market, but we'd like to see some institutional monies in this stock. We have had only one day of trading above its 50 day volume average which is a little worrisome.
UNFI
One of our big buck gurus sent me the paperwork on the UBS initial coverage from yesterday and with out telling stories out of school, we need to watch cash flow from this decent growth stock. Thanks Mr. T.
GWW
In line with the market.
MGRC
We had a nice run up to and including the earnings release on Mar 1. Since then it has softened. It is above its 50 day MA so we will be patient.
ACET
Our new CORE holding was down about 1.84% today for no apparent reason. Today was the first trading day with volume below its 50 SMA, so the fact it was a down day on weak volume COULD imply some profit taking.
I am going to take a night off the blog tonight so this may be your only report for the day.
