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What to do, what to do

Well I'm firmly entrenched with more than half my portfolio in Apple at an entry price of mid 130s (after cost averaging down). I see this as a strong buy and hold strategy, with occasional long put and call buying and selling along the way. I have a substantial (for me!) investment in FMCN, which posted a great quarter but was RIPPED by rumors. Any more dips and I'll add to my position, but this is also a buy and hold. I recently have traded ACH as well, for a profit. My conundrum is, what to do. Some financials look good, but even though I think we probably put in a bottom in the market, I'm not convinced we won't test it again. By nature I'm looking for high growth and to exposing myself to emerging markets. I'm currently watching SDA (among other Brazilian stocks) some latin american ETFs and some chinese stocks (CEO to name one). I am also watching SNCR. As always I will be trading options on trends and occasionally on medium term prospects (ala Apple). Do I go ahead and plunk in on a latin american ETF (I believe latin america has great growth prospects and is partially decoupled from the american market).
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Posted by godspeedj on 03/25/08 at 06:52 AM

Tag It | 1 user tagged it: ETF, latin america, bottom, apple

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DavidDT Trading-to-Win.com

Member since: Jan 08

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http://www.trading-to-win.blogspot.com/, CT
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Just MHO - AAPL is done going up - for now - two very strong areas of resistance right at current price

AAPL.jpg

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godspeedj

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To be honest, I'm not much of a chartist. My main belief in charts and technicals is that the belief in them is that they are in important only because so many traders use them to trade-therefore affecting the market. I believe more in fundamentals and don't mind holding apple for the long haul. I appreciate your comment!

 

PS apple is quite nicely in a down market today-and that %60 growth in mac sales isn't being ignored. 

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DavidDT Trading-to-Win.com

Member since: Jan 08

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Godspeed - I do not use indicators - I use mass mentality when I loot at the chart. If you noticed - 145.72 today's high was right under resistance area - that is where all bagholders trying to sell at break even. I am not saying "buy low" I am not saying "buy high" I am saying "buy right" - unless I like to suffer...
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