Stocks got destroyed today, and it looks like it may get worse with INTC's report. How low can the market fall? This guy seems to think about another 10%.
I had a busy afternoon, so I set a few stops before I left. I was stopped out my AAPL position today @ $170. This is huge for me, I have been in AAPL since $60, and have been building my position for sometime. I thought for sure if there was one stock that would hold up through this mess, it would be AAPL. I was wrong, nothing is safe from this market.
I was also stopped out a few other names, here is an update on my current portfolio:
GOOG, STP, SIGM, FXP, SKF
I love GOOG, point blank. STP is the cheapest name in the solar sector, and I want to have some exposure. SIGM is a play off Blu-ray. I really believe it will hit mainstream, and the stock has been killed lately, I like it here. The other 2 positions I have are Short ETFs, and boy does it feel good to bet agaist the market.