{+++} Great day for the home team as the market popped. Congratulations to you AAPL holders. If you followed the trade we sold 1/4 of our position +9 and 1/4 + 18, the company beat the number dramatically after the close and the shares are soaring. I expect immediate price target increases tomorrow morning. We hold 1/2.
We sold the balance of TZOO today for +8.00 and some other names triggered. You must check the P&L as I have raised stops. This is your job.
The White House agreed to agree e on some things today, but I am thoroughly unconvinced on how long this will help us extend the rally. I have been saying that almost “any” agreement would give us a bump in the market and today it looks like we got “any deal” and the market bumped. I don’t mean to be a wet blanket, but euphoria is fast replaced with fear and pain with this market.
Every yahoo in the world is on a cloud right now about Apple, on a trading basis though, I don’t think anyone played it as well as we did. You guys deserve kudos for taking the risk.
No names tonight, check the P&L for stocks that triggered and adjusted stops.