NYX got an upgrade from Lehman Brothers today boosting their rating from Overweight to Equal Weight. They have a $95 price target on the stock. I bought in at 75 and it closed at 82. I still think this stock has great potential when you consider the runs all the other exchanges have had this year and last.

    Investors were worried that they would rush out and make another aquisition the second the Euronext deal was done. Obviously this did not happen. That is why the stock has been dragging. If it gets to 85 tomorrow I will probably sell and buy some back lower.




    I leave for my dads wedding in Vegas today. This seems like a good excuse to trim some of my holdings. The market is running nicely and it seems lika a good time to get out of my short positions.
    AAPL ran over expectations over the iPhone selling record amounts.
    I was officially WRONG on that one and I will never bet against apple again... its just to risky.
    I bought AAPL back at $131.94.

    I noticed HOKU starting to run so I bought that back as well @ $11.00.
    It eventually flew to 12.33 so i'm sure glad I acted quickly. Too bad I didnt short again at those levels because it closed at $11.42. I will most likely trade this stock again. I like how liquid and volatile it is.

    JSDA, which I have been down on ever since I bought in, is exploding today on no news. I love this stock and I think it will go much higher, but I also think I can buy back in at lower levels. I sold today at $18.25 booking a nice 2.25 a share profit. I will definitely pick up some more when the price is right.

    As for the rest of my portfolio (NYX, MAG, RACK) I am not seeing much action. NYX is popping today and I have finally gone into the green on that one. It is hated so much it is nice to see it finally going up. RACK has not moved much at all. If we get some news and a nice pop, I will probably dump it.




    Hoku has gone up 300% in the last three weeks. It has gone from having a market cap of $75 million to being worth $178 million. So can a company grow at 100% a week forever. No Way! This is a major hype deal and I am going to short the hell out of it. I hopped in today Short @ $10.95.




    NYX has been getting beat down for some time. Competition among the exchanges is getting fierce. This is one of Cramers Top growth picks for the year and I have no problem trading based on that alone. He believes that Euronext should be $100 a share if it was trading by itself. With NYX's acquisition or Euronext this thing should be MUCH higher.
    Today NYX announced their earnings will be released Aug. 2 and I think they will be amazing. Since this stock has gotten pummelled for so long I think it might trade up going into the earnings. I will decide whether I want to hang on or sell into the earnings based on the action I see going in to it.




    My core rule has always been to buy stocks that are going up and sell ones that are going down. Makes sense right??? If it was only that easy!! I find myself right now tearing that rule to shreads. Lets look at the positions I have.

    AAPL Short @ 120 (up 70% in 6 months)
    HOKU Short @ 10.95 (up 100% in 2 weeks)
    JSDA Long @ 16.00 (down 55% in 3 months)
    RACK Long @ 13.00 (down 66% in 6 months)
    NYX Long @ 74.25 (down 33% in 6 months)

    I am beginning to see a pattern here. Every stock that I am long is trending down and every stock I am short is trending up. Who am I to predict when a stock is going to change directions? Sure, HOKU is up 100% in 2 weeks (i feel pretty good about my positions here), that is seriously pushing it. I guess if half of these picks do what I expect them to I will do fine.

    Should I keep pretending to trade by my core rule? It does make sense right? Or do I need to reexamine it?



    Seth Godin Is A Marketing Genious





    This morning Apple and AT&T announced the monthly plans for the iPhone. Only $60 a month... not bad... Anyway, without realizing it they are starting the party early. If you havn't made the swap now (Long to Short) you better hurry. Time is running out.


    Click here if you have no idea what i'm talking about.



    Yogi Left His Shoes On




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