As a result of our re-imposed stop limits, we got out of the following:
JOYG $52.8
MDR $47
AKAM $21.8
GRP $47.5
I love these stocks, so we are going to buy right back in when they stop crashing.
I continue to see the market not rewarding strong performance. A case in point is GRP. Excellent earnings report today - Earnings up ~250% on sales growth of ~30%. Forecasting a nearly doubling of earnings again this year. The market dropped them 10%.
So we'll get in, but wait for the overselling to end.
Notice the positive movements in ET, SNDK, and STX today?
Oops you sure will miss AKAM as you hit your stop loss..heading to 30 in near term
ReplyDeleteHow about PFE ? They have an analyst meet on Friday for possible spinoff/selling some units..
ReplyDeleteGRP is trading around 41-42? What do you think will be a good price to get into this one?
ReplyDelete