Friday, July 27, 2012

My GOOG curse lifted

I've been waiting for a long time for GOOG to put a floor under $600 and make an assault on its all-time high. Each time, it fell through the floor like a Higgs boson.

Now, that I have sold 100 shares at $601 from the position I've held for the past 2 1/2 years, GOOG appears to have taken off, soaring $33 in the past three sessions, while I am left with seller's remorse.

Meanwhile, ATPG appears to be headed for zero.

Wednesday, July 25, 2012

Action Taken

Yesterday, in after hours trading, I sold 20% of my GOOG position to raise cash for picking up a little AAPL on the cheap.

AAPL was down 4.32% from yesterday's close, following a rare, but substantial earnings miss. I aim to bide my time, looking for a good entry point.

Friday, July 20, 2012

GOOG Holds Gain

Today, GOOG held on to its after hours gain from yesterday to close at $610.82. Since Google Eve, GOOG has added just over $30 to its share price. It has now retaken the high ground, setting itself up for yet another run at $700. Google's relentless earnings growth keeps raising the bar, despite constant skepticism from traders.

Ex GOOG, the rest of the portfolio turned in a net wash performance with COP and C leading on the downside, and DE, OIH and SD adding upside, while ATPG continued to melt like an ice cube in the sun.

Nevertheless, thanks to GOOG, the portfolio eked out a gain of 1.13% on the day, bringing the weekly and monthly percentages, refreshingly, into the plus column.

Thursday, July 19, 2012

GOOG Pops!

It's been a while since GOOG popped after hours without fading into a loss. Tonight, after a good report, GOOG initially ran up to around $613 and then fell back to around $605, only to creep slowly back up.

Lookin' good.

Wednesday, July 18, 2012

Google Eve

The second quarter is usually weak for GOOG, although the company has never turned in a bad quarter - it's just that the analysts' guesses are not very good during the summer. Anything could happen tomorrow.

Tuesday, July 3, 2012

Risk On!

It's beginning to appear that this correction bottomed about two weeks ago when Goldman Sachs recommended shorting the S&P 500. I love it when the smart guys are caught leaning the wrong way. I hope it doesn't happen to me.

The portfolio remains 96% invested in equities. Recent additions, KMR and ECA, are up 10 and 13 percent respectively.