Current Portfolio

Lot of mixed signals –

Over last few weeks, during the prime of earnings season, the markets underwent a “so-so” corretion. Call it years of practice, ability to recognize historical behaviour or plain simple luck, I was able to move at least 40% of money into cash. This was around mid Jan, 2014.

Now everything is not Black & White. What perplexed me that some of the leading stocks from 2013 just rolled over such as MDSO, AMZN, LNKD, etc; but the ones that jumped, went straight to stratosphere. Look at KORS, AKAM, NFLX, GMCR, etc. Interestingly some of the leaders have held steady as pointed out in my twits e.g. FB, GILD, PCLN, TSLA, GOOG, etc. Lastly, there is money flowing into housing and networking stocks, so we might be in sector rotation.

So final verdict dont worry about the gurus on CNBC, market will either go sideways or up (see my next post).

My Current portfolio –

CASH – 20% +

LONG

GILD – 9%

FB – 9%

FFIV – 5%

CMG – 5%

ALXN – 6% (Recent Buy)

NFLX – 5% (Recent Buy)

UTHR – 6%

LEN – 4% (Recent Buy)

DHI – 3% (Recent Buy)

QCOM – 3%

KORS – 3% (Will add more at $91)

FLT – 4%

MDSO – 5%

UA – 3% ( WIll add more at $101)

CLR – 2% (I might close it after having it for years)

REGN – 2% (Will add more on breakout from the base)

SHORT

TWTR – 4% (Recent Buy)

I recently closed GMCR. I am contemplating buying either TSLA, PCLN, (with earnings around corner, there is risk) AKAM, BIIB, ATHN or WYNN. I am also thinking of shorting AMZN – hey it’s ripe now.

Hmm! Need to revisit IBD’s market smith and telechart to finalize the buys.