Skip to main content

Flat day but not really

The ProShares Technology Fund traded briskly again in the last few hours of the trading day. Volume was a little over 199,900 shares. I got a good strong buy signal on the fund today at a share price of $32.08, my desired entry point, instead I got greedy and decided to wait for a better price. WRONG! Fund price consolidated and headed higher for a high of $33.00. Greed is not good! I will try again tomorrow.

On another note, I've added the iShares Pharmaceutical Fund to our daily watch list. I am not to keen on the iShares etf products because they have performed so horribly. However, since the entire portfolio was sold to CVC Capital Partners for $4.4 billion, I believe the funds maybe making a comeback, a performance comeback I mean. Volume was almost non-existent on the iShares Pharmaceutical Fund, with under 25,000 shares traded today. I am not sure if I should recommend shorting this fund or buying it. I guess that's why its on the watch list.

06/09/09 09:03 PM
Labels:

Comments

Post a Comment

Popular posts from this blog

Morning Update

By Rick Walter Still working on putting together a strong biotech portfolio. Here is a good general article on the state of the biotech industry that was posted yesterday on the online Wall Street Journal's site- Biotech Stocks Hot Right Now, Ho-Hum in the Long Run.
Post a Comment
Read more

Portfolio Update

By Rick Walter I have posted a new Biotechnology portfolio . It's total return as of November 25, 2009 is 3.4%. However, to download and use it you will have to subscribe to the portfolio, of course. On an important note, I consider each portfolio to be well diversified in its particular sector but I've recently decided to add stock futures and options positions to each portfolio which will increase each portfolio's return but lower the risks going forward.
Post a Comment
Read more

Portfolio model updates

Portfolio updates based on our Tactical Asset Allocation Model: Conservative - total return as of 8/18/2009: 5.3% Moderate Conservative - total return as of 8/18/2009: 3.9% Moderate - total return as of 8/18/2009: 7.8% Moderate Aggressive - total return as of 8/18/209: 25.2% Aggressive - total return as of 8/18/2009: 14.9% Email or call us to learn more, open an account, invest or subscribe to any one of our great portfolios based on our tactical asset allocation models: 1-800-785-4953 . You can find additional details on these portfolio models at IAPeQ.com . 8/18/2009 11:07 AM
Post a Comment
Read more