Stocks Stage A Nice Comeback After 1st Presidential Debate
Warren Bevan | Sep 28, 2016 02:08AM ET
“Yesterday I was clever, so I wanted to change the world. Today I am wise, so I am changing myself.” – Jalaluddin Rumi
Stocks staged a nice comeback after the first presidential debate Monday evening.
I continue to see stocks acting great, as they should, in a bull market.
I bought some Impinj Inc (NASDAQ:PI) today at 34.85 with a 10% weighting and that is rounding out my holdings nicely as I don’t have a lot more I can buy.
I’ve still got long positions in Acacia Communications Inc (NASDAQ:ACIA), Amazon.com Inc (NASDAQ:AMZN), Alibaba Group Holdings Ltd (NYSE:BABA), Keryx Biopharmaceuticals Inc (NASDAQ:KERX), Lumentum Holdings Inc (NASDAQ:LITE), Momo Inc (NASDAQ:MOMO), Resolute Energy Corp (NYSE:REN) and Twilio Inc (NYSE:TWLO).
I’m focused on fast moving leading stocks and this list is pretty solid and there are a few more I am interested in and will get into later in tonight's letter.
Not bad stuff from SPDR S&P 500 (NYSE:SPY) who should be fine as long as we remain above 214.
I’m heavy into stocks and well into my margin now.
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.