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Freeing up some cash
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Buying Visa on pullback today, over "credit card crackdown." People are still paying with plastic more and more, and Visa will still get its transaction fees from it. This stock continues to go up, and I see it following Mastercard's lead all the way to $150+ per share.
Selling all of my ACI. It's up 24% since I bought it. Dollar getting stronger may impact it. Trimmed positions in PCP, CSCO, INTL, and BHI to free up cash. Sold off half of my position in PCP after 17% advance. Still like them long term. Sold off 1,000 shares each of Cisco & Intel, after they finally turned positive. This equals about ΒΌ of my position in both. CSCO of course had a wonderful rally Friday, making it up 10% overall for me. Intel, I was a bit late selling into strength, but it's still up 7% for me since I bought in. BHI, I sold about 1/3rd of my position due to the drop in the oil services sector. I had a funny feeling that when BHI crossed 20% gains for me that it was going to fall. I should've acted on that feeling. BHI still up 14% for me since I bought it though. Dark times for my solar picks: LDK the only one of the 4 stocks in the black, up 4% since I bought in. Overall, I think I poorly timed my entry into these. What I bought into recently:
More MO. Altria dropped a bit recently, so I bought in. MO has got get up and go. KALU. Kaiser saw some retracement, and it's a Karen Finerman favorite on Fast Money. It's got the commodities play, and airline backlog story going for it. GE. I bought $50,000 worth on the day it got obliterated by the earnings news. Guess what, it's back up. Gee, who didn't see that coming. WDC. PC sales up equal good news for the hard drive maker. I'm up 5% since my buy-in. I think it has room to go higher with the shifting of money from commodity plays to Tech. Holding on to:
VZ - Verizon starting to gain some momentum. May sell this soon to take profits. Up 11% so far. NTRI - I told you Nutri-System would rebound. Wish I had bought in at $14. Still up since I got back in it though, and it has A LOT of room to go higher. Heck, they've even got Larry the Cable Guy doing ads for them now. Get 'er done! BUD - The king of beers is grinding away higher. Up 6% since I bought in. HUM - Slowly starting to rebound from the health stock obliteration in March. TSO - I think it can, I think it can, I think it can... Summer driving season approaching, crack spreads narrowing a bit more this week, and Lenny Dykstra even saying it a value play! Come on folks, like Citi at $20, Tesoro at $25 is a STEAL!!! You're looking at a likely double, and even more likely 50-75% advance from current levels within 12-18 months. MSFT - Wow, a roller coasted for Mr. Softy. Late today it came out that Microsoft will more than likely RAISE its price for Yahoo! We'll see what this does next week, but short-term I think it's more beneficial for YAHOO! Shareholders than MSFT. Still, MSFT below $30 is a lead-pipe lock BUY | ||
