The Golden Bear, Some Perfect Fades, and Some Buy and Holds
In early November, Intel (INTC), Qualcomm (QCOM), and Sprint (S) dipped. I took the opportunities to fade trade them, for 1.16%, 1.32%, and .53% profits, respectively.
Yesterday, TJ Maxx (TJX) dipped on earnings and trimmed outlook. This made for a nice 1.87% fade profit.
DateIn Tick Name Cost Price P/L %Yr DateOut Held 11/5INTCIntel$33.70$34.191.16%84.42%11/105 11/6QCOMQualcomm$68.83$69.941.32%482.74%11/61 11/6SSprint$4.70$4.740.53%194.83%11/71 11/18TJXTJ Maxx$59.92$61.191.87%681.77%11/181
I bought a number of new positions, once my settlement cash became available.
The leveraged ones reflect my views on market direction. I bought Ultra Vix (UVXY) very near its 52-week low. It has already grossed better than 5% in a single day. However, I am targeting $35.25, a 66+% gain. If I get that great; if not, I can adjust the target if I see a change in momentum.
Gold stocks rose in response to some China and Japan news. I believe gold is headed back down, so I bought the 3x leveraged Direxion Shares Trust Daily Gld Miners Bear 3x Shrs (DUST). It provides a convenient way to short gold.
Berkshire B (BRK.B) has been on my limit order list for a long time, unexecuted. I went ahead and bought the Buffet shares to hold onto. Keeping them in a taxable account, since taxable events such as dividends do not occur in BRK.B.
Maxim (MXIM), Microchip Technology (MCHP) and Extended Stay America (STAY) are divFade plays. I qualified for the dividends, and am now waiting on price targets to sell.
I bought into dips in Energy and Utilities in South America via Petrobrasil (PBR) and Cemig (CIG). Waiting on the fade.
CEFL is a monthly pay that I plan to hold onto.
DateIn Tick Name Cost 11/18BRK.BBerkshire Hathaway B$146.17 11/6PBRPetrobrasil$10.60 11/6CEFLUBS Ag London Brh Etracs Mth 2xlv$26.10 11/17STAYExtended Stay America$18.62 11/17MXIMMaxim Integrated Products$29.38 11/18UVXYProShares Ultra VIX Short-Term Futures ETF$21.16 11/18CIGCompanhia Energetica de Minas Gerais Cemig [Electric Energy in Brazil]$4.90 11/18DUSTDirexion Shares Trust Daily Gld Miners Bear 3x Shrs$24.83 11/18MCHPMicrochip Technology Inc Com$44.11