Midday Update
Bought:
GILD @ 50.53
POWI @ 30.32. POWI is Power Integrations Inc. designs, develops, manufactures, and markets proprietary, high-voltage, analog integrated circuits (IC) for use primarily in alternating current (AC)-direct current (DC) and DC-DC power conversion in the consumer, communications, computer, and industrial electronics markets in North America and internationally.
Sold:
CREE – @ 29.15 for 1.8% gain on the trade. This stock just won’t act well and I want to own this company.
All my index longs this morning for a sweet profit of 3% in the NDX, about 1.5% in the SPX, and 2% in the RUT.
From yesterday: “I swapped my index long position to the short side today heavily. ORCL disappointed and is down 8% AH and we have some econ data tomorrow morning.”
Solar stocks are on fire today… AKNS, YGE, STP, SPWR, SOLF< watch for a Fast Money mention tonight, AKNS,
CTDC, DSTI, LDK, FSLR
Dry Shipping stocks also moving. I talked about DRYS getting interesting yesterday.
