Tuesday, April 2, 2013

Buys and Sells: WAG, CNK,


WAG, CNK and SIX have been beasts, up quite a bit. I'm selling half a stake in each and letting half ride. Those are the only ones I'm currently holding.

I can't find any excellent breakouts here, but I'm starting half a stake in UA and adding to my long term position in XLE.  I'll be maintaining approx 3-5% stop-losses as usual.

RDN's chart looks compelling but it's only a $10 stock and not my favorite price point. MRK looks ready, too, but I already have PFE and JNJ, so I'll pass. 

CRUS is technically broken, FWIW, but on my watch list for a set up. For some reason traders are factoring in a lot of pain for AAPL which would be a good position above $470. 

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