RSS feedWell, with markets relatively stable and opportunities aplenty, I have injected cash into Portfolio A so as to take advantage of the current market climate. I have yet to pare down my trading lot in Piper Jaffray, but am trading like I have given that I have my finger on the sell button.
So, what did I buy? Take a look.
Since I had some extra cash and Apple’s chart is just looking too good, I’ve decided to get a trading position in on the company. There’s about a month till the next earnings report and some real potential for the stock to trade up to 160 in that time. Given Apple’s sky high expectations, I’m not sure if I’m willing to hold through earnings, but we’ll cross that bridge when we get there.
To reiterate my investment intentions over the next quarter or so, I’m looking to turn the money invested in Piper Jaffray into a trading lot and to invest a “full allocation” in a more long term pick. My eye remains trained on Mastercard for that allocation, though I’d like to see some strength in its stock price before jumping in. The Apple buy today represents a 1 month trading lot which I’m not entirely confident that I’ll hold through earnings later this year.
