What Worked and Sucked Today 4102008

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April 10, 2008

Worked:

Being long the NDX and RUT. Yesterday I bought the weak close and todays rally gave me 2.6% in the RUT and 3% in the NDX.

CPST – closed up to 2.58 at the high so my buy is up 2.79%. On the account I didn’t sell CPST in is up 4.45%

Semis had a nice day today, so that upped my AMAT position back to positive. INTC and AMAT look great here. Fast Money profiled the semis tonight and Bank of America did an upgrade, btw they upgraded POWI today too. FWIW, I’ve been talking about the semis and POWI for few days now. Its good to know someone at BoA is reading SR. Haha.

DAR – Since the buy, up 2.78%

Biotech buyout of MLNM was good for the space, and GILD hopefully will benefit from momo in the sector.

Sucked:

POWI – Missing the breakout.

JOYG – Down a bit on it, but BUCY reports tomorrow and they are in the same space. BUCY has been trading very well lately. I liked that JOYG closed above 70 even closed at 71.

TITN – Went higher without me, but it was highlighted at the perfect time.




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