Well, the AAPL trade did help the portfolio to a nice weekly gain. Their earnings continue to be mind-boggling and the momentum shows no signs of slowing down. Though I try to remove emotion from the equation (yeah right, as Red Robin and Texas Roadhouse show up in the portfolio), the current products plus the direction of where AAPL is moving (phones and TV) make this investment one that could remain for a while.
Through 4/27, the portfolio return stands at an acceptable 1.978%. Of course, we are only half invested.
Key dates for this week include the release of TXRH's earnings after the market close on Monday the 30th. Fingers are crossed as I will not speculate on the numbers without any thesis behind them.
This week there will be a couple of more longs added to the portfolio and I am also scouting a couple of shorts. While the current market environment is not really conducive to shorting stocks, there are always select opportunities to do so.
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