*Update Moving forward, watchlist released for free every Sunday night will only list the stocks that I am watching. Entry/exit zones (along w/ charts) will be shared occasionally with individuals who are signed up for the newsletter. If you're not on my mailing list; sign up below. It is free.
Earning season has proved to be a profitable trading event. Shorting earning losers and buying earning winners have proved to be extremely profitable the past few weeks. $NFLX, $MSFT, $AAPL, $FB were all solid plays.
Facebook (FB) Remains on my watchlist. I am not sure when it will come (I suspect soon) but there should be a sell off in the near future. I am a buyer when the dust settles.
Microsoft Corporation (MSFT) Remains a short in my portfolio but depending on action next week, may just take what the market has to give. A market sell-off, coupled with reported poor earnings; I see more downward pressure. Looking for another 3 or so points.
Netflix, Inc. (NFLX) Still short; initially from 106 area; re-shorted around 96/97 and continue to hold. By far my biggest winner for the month of April. *side note*, my last blog spoke about letting your winners run and not selling them prematurely; doing this has netted me close to 18 points per share. Like I said in another blog, focus on points and size. Big wins, small losses.
Also watching $AAPL $TGT $SPY $SPX As opportunities present themselves within the week, I will be sure to email them. Are you a subscriber? If not, what are you waiting for? It's FREE!
Last Week's Recap MSFT- 4% NFLX- 6%
Rolling into a new month, make sure to check your previous performance. Here's why.
This watchlist is for information and illustrative purposes only. It is not, and should not be regarded as investment advice or as a recommendation to buy, sell and/or hold any securities mentioned above. All investments carry risk, there are no guarantees. Investors should consult with their advisers with respect to their investments.