Selling half of WDC on the break to a new range of lows; will look to buy the other half again in the low $60’s.
Should have taken the $400 gain in CLR, but we were going long, tired of taking the quick gain.
Plus, if we would have taken the gain in CLR so early, where else would we have gone with our cash?
We have more cash than needed, and with interest rates being so low, it makes us no money being on the sidelines (you actually lose money due to inflation).
Western Digital continues to slide, and I welcome the fall, since the position has been reduced to half (we sold yesterday on the break of the $67.00 range).
Will wait until the dust settles in this one (WDC) before adding.
Continental continues to fall below our costs basis, as well, and remains volatile, despite its recent upgrade (we were previously up 7% last week).
We will just let this one go, as we already have a full position in the name,
Looking to add to UPRO (S&P 500, our biggest holding) on any further weakness.
I am encouraged by the recent earnings season, booming housing numbers, positive data coming out of Europe, and the Federal Reserve’s hawkish hints (meaning interest rates could be rising soon).
These are all signs of a growing economy; the market should still be bought on dips, in my opinion.