Trading Recap January 17th 2011

By: ispeculatornew
Date posted: 01.17.2011 (5:00 am) | Write a Comment  (0 Comments)

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In the first week of 2011, we opened 5 trades and it seemed fitting with the first month of the year half way done to do a recap of how things have been going so far. The performance so far has been above expectations and very satisfying. That being said, both in 2009 and 2010, we started off the year with great success only to finish with limited success in the later part of the year. Why? It’s difficult to say honestly but in both years the overall performance was very very solid. Hoping that this year we can keep things up.Without further wait, here are the results of our 5 trades so far:

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I am very satisfied so far and while the rise by KNOT on Friday caused one trade to drop, 3 of the trades are doing better than 8% already!

Best Performing Pick so far: Long Apple (AAPL) +7,01%: I feel very comfortable being long Apple right now, especially with the expected launches of the Ipad 2 and Iphone 5, both expected to happen in the first part of 2011. It was great to see Apple finally confirm that its Iphone would be made available on Verizon (VZ) but the launches of more products will be even better for the top and bottom lines of Apple.

Worst Performing Pick so far: Short The Knot (KNOT) -8,45%: It continues to be a bit frustrating to see this stock be so volatile without any news. I did look to find something that would have caused Friday’s big move but given the low volume, it does not necessarily take much to move the stock.

The year is just getting started but I am obviously already looking forward to seeing one of these trades close up so I can start a new one!


Long: Apple (AAPL), Amazon (AMZN), Dice Holdings (DHX), Priceline (PCLN)

Short: Blue Nile (NILE), The Knot (KNOT), Monster Worldwide (MWW), IAC Interactive (IACI)

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