Friday, September 2, 2011

Down but not out...

I did some buying this morning for myself and for the Free Market Capitalist Portfolio as well. Baidu (BIDU) and Hansen (HANS) dipped to or slightly below their 50 day MA so I added to my positions. They could go lower in the coming weeks but I'm confident in my "scaling in" approach with the quality names that keep beating earnings. The action could get very volatile in the afternoon as volume is so low, but it's hard to say if we'll rally or sell off further.

This is not a recommendation to buy or sell any securities. DAK was long BIDU and HANS at time of publication but positions can change at anytime.

No comments:

Post a Comment