Chaos Ensues: Earnings Volatility, Profit Taking and the GDP report...
Add all of these factors up and you get a recipe for disaster! Hold on tight cause it's going to be a wild day!
Sold the rest of my ZONS position for a loss (should've sold it all at 13-14...damn).
On the bright side, most of my other holdings are either up or at least not tanking (including WEBX, so far). What I find really interesting in my futures portfolio is that my position in the Mexican Peso, Canadian dollar, Japanese Yen and Euro Futures serves as a great hedge when the U.S. Markets are down. So even though the U.S. Indices are down all around the board, the foreign currencies are helping to offset the days loss.
Update at 10:44 AM Markets are starting to bounce up off the day's low. Are Investors starting to get optimistic? It sure seems so! For now, we'll just have to play the waiting game.
I am also looking at the OPTM IPO and wondering if it will be worth a nibble...
So far, my best stock holding is RVBD with a near 70% return.
HMIN, ACHN, BARE, DRIV, TTEC, KSU, NYX, SAI, TV, OMTR and HXM are doing fine.
RVBD was doing fine until I touted it as my best stock holding, lol.
CBEY, CMG, TWLL, EVR, VOLC, VOCS, BKD are all recent IPOs that have done very well after debuting.
2 Comments:
What were you referring to? Which stock?
lol, oops I forgot to list it. I was referring to ZONS
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