Club Meeting tonight – holdings analysis April 13, 2015 by Mark Bates Sorry you have no rights to view this post!
4 thoughts on “Club Meeting tonight – holdings analysis”
Phil Walling Comments in Absentia:
With the VXX low – a good time for an S&P 500 protective Put – I bought a Put for personal portfolio (lower premium/cost)
I also bought 200sh of SDRL
No not crazy, this was a “non expiring” option on oil
I think oil price and rig count decreases have stabilized
Looking hard at IBB (major NASDAQ BioTs)
RSI 62, range 40-75, moving toward fully bought
A basket of the best BioTs
On Club holdings:
LEA – Hold or Hold w/a Stop
RSI 60, range 40-60, fully bought
ESCA – Hold or Hold w/a Stop
At the 50D MA
RSI 67, range 35-70, fully bought
Increasing earnings estimates
CVS – Hold w/a Stop
At the 50D MA
Higher sell volume
RSI 48, range 40-70, under bought
looks like it could break lower
DAL – Hold (not ready to give up yet)
Below 50D MA
RSI 43, range 35-70, under bought
Seymour on CNBC Fast Money-Buy Delta on pullback
I hate flying Delta = bad for passengers, good for DAL
GOOG – Hold
Making money on Utube
CNBC Fast Money gang predicts mid 600s
Regarding Enstar (ESGR)(142.50), it is up 3.6% in the past month since purchase. There is resistance at 145 so I don’t think it is going to spring up much past that point in the near term — so I suggest we hold and perhaps increase our position if the price clears 145 cleanly (for 3 or more days).
DAL – BofA and S&P both BUY with BofA 12 month price of $62. Personally, I sold my holding last week. I recommend SELL and invest in another security.
LEA – Still BUY by BofA and S&P Capital. BofA 12 month price is $125. Morningstar is a HOLD. Recommend we HOLD. I like the idea of a stop loss though to lock in profits.