TAKEN PARTIAL PROFITS ON POWERSHARES QQQ (QQQ)
We have taken partial profits on a 10% tranche of PowerShares QQQ (QQQ) at $55.59.
September 1, 2011
We have taken partial profits on a 10% tranche of PowerShares QQQ (QQQ) at $55.59.
ISM index will be released at 10:00 am EST. Some market participants seem to know it at 9:55. If the index is less than 49.5, we will exit our entire PowerShares QQQ (QQQ) position. If the index is over 55 we will add a 20% tranche.
A large number of institutional investors have been holding AT&T (T) in anticipation of share gain after the merger. We expect several of these investors to start selling AT&T stock. This will put additional downside pressure on the shares of AT&T. When the time is right we
Acquisition of T-Mobil has been blocked by the Department of Justice. AT&T (T) has said that it will contest in a court. This development is negative for AT&T and Verizon (VZ). The development is neutral for Sprint (S). T-Mobile has been an aggressive competitor. T-Mobile staying
Taking profits on Marathon Petroleum Corporation (MPC) right here at $37.40. Now we are exiting this position and will no longer be following it.
Adding to our silver short position in silver futures (SI) at $41.75. equivalent in silver ETF (SLV) is $40.70.
Taking additional profits on QQQ on a 10 % tranche at $ 55.44.
Monster Worldwide (MWW) is the largest internet job board in the U.S. There is considerable speculation that next week Obama will announce new job creation initiatives. Monster Worldwide may be a beneficiary. In the long-term, the Monster Worldwide is an easy double. We are long on
Taking additional profits on a 5% tranche of QQQ (QQQ ) right here at $55.25. The point is to reduce risk prior to the ADP data to be released at 8:15 AM EST. It is time to be in the mode of taking profits and closing this profitable position. We