Well...today isn't a very pleasant day for me. But I took gains where I could to buffer the BIDU earnings euphoria. Covered my POT for a gain, Covered my X entirely for a gain. Still, The BIDU trade amazes me but have to tip my hats off these guys did report a pretty solid quarter. By no means is this still a justified move in the short term though imo. I actually still have the short position and added to it at the mid 360's. I'm not convinced this move is going to hold.
Other than that, pretty uneventful day for me. And it's Friday, so might as well pack the bags up and head out...I won't be having my steak dinner this weekend, but I will return next week to fight again.
-DL
Disclosure
Long AAPL, GOOG, 25% MOS
Short BIDU
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3 comments:
S&P seems in the verge of breaking 1400. Next would be the 200MA.
What do you think if 200MA breaks? Do you believe that the worst is over?
I don't believe on this rally at all.
S&P seems in the verge of breaking 1400. Next would be the 200MA.
What do you think if 200MA breaks? Do you believe that the worst is over?
I don't believe on this rally at all.
Careful shorting Baidu. Sohu earnings is coming up, and expected to be a dandy. Chinese internet stocks could be in for a large pop next week.
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