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 Anonymous 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.

 

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