Monday, April 10, 2006

More Short Term Trading!?

My short term trading saga continues… Today, I sold Apple @ $69.35 (Ticker: AAPL) and netted a return of 8.60% over a 7 day period. I used the cash from the Apple sale and picked up some more Genentech (Ticker: DNA) @ $80.83, which reports tomorrow after the bell. The question is how big Genentech will beat the Street estimates? The Street is looking for revenues of $1.97 billion and eps of $0.41 / share. I think they'll easily beat the Street in both revenues and eps. There's also pretty strong technical support for Genentech around the $80 area.

2 Comments:

At April 15, 2006, Anonymous Tim MMF said...

That's pretty good. Do you often trade over the short term like that?

 
At April 15, 2006, Blogger Money Turtle said...

No, I'm usually a buy and hold investor, but I do allocate a small percentage of my portfolio for short term trades. I've simply been very lucky with the recent trades.

 

Post a Comment

<< Home