Today I added a few shares of GLD into my portfolio as Gold suffered a huge sell off. As I wrote in my previous post I believe the today’s price action is an overreaction of investors, most likely responding to (outdated) report from Sorros Fund Management. As I wrote I believe GLD indicated a bearish Continue reading →
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Archive for February 20th, 2013
Is today’s trading marking the beginning of the correction?
Today’s trading was hectic and markets fell hard after FOMC meeting. The market is idicating nervousness and today’s price action – extended bearish candle may indicate the end of the trend. Almost all my stocks fell hard as well. I am not that concerned about it however, since I have been expecting correction since two Continue reading →
Posted by Martin
February 20, 2013
New Trade – 8×8 Inc. (EGHT) covered call
My MBI covered call trade was cleared this Saturday with a nice gain. This released some cash and I am looking for another opportunity to make some cash. I found 8×8 Inc. (EGHT) stock which seems to be a good candidate to deliver a profit. The stock recently corrected and is considered undervalued based on Continue reading →
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