Well today was interesting. At the beginning of the day, I was invited into a live chatroom to trade "live" and that was interesting. I got in around 9am and told them I was buying RFMD and THQI in size. The rest of 23 were shorting like crazy and at 10:30a they thought I was a genius because RFMD was up 14% in a hour. Those guys are 100% day traders and they go hard. I mean some of those guys bought like 3,000 shares of SDS like it was nothing. Anyways, to make a long story short, they got revenge at the end. It is very interesting how day trading works. These guys just scalp FAZ and other trades and try to get 30 0r 40 cents on a 1,000 or 2,000 share buy, to make a day profit.
As for the market, we are in a consolidation stage that needs to extend out or pullback. Regardless, I remain bullish until I feel this like this rally is over. As for the portfolio, I ended up 1.5%, with strong realized gains in MPEL and AVII. I like the action in RFMD and THQI. I am hearing good things on AMD, so i might get in that soon as well.
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