Trades: March 27, 2008

Market is down today, and it took down most of my portfolio too. I closed out the position on Vale (Rio), and overall, made a little money on Vale, but there seems to be more opportunities there if the stocks go down further. Fundamentally Vale is in a good position because the world still needs raw materials.

Apple (Aapl) broke its recovery streak, and so need to keep an eye there. I’m running a loss with Apple, but may be I should take the loss right now, and then think about buying back Apple if it drops further. The current quarter for Apple is likely to be good, but it depends on the forward looking statement as well.

Genetech (DNA) is a long term hold, which means I bought it too high, I should’ve bought it at the mid 60s really. But with its pipeline of drugs, this will be a good stock in the long run.

Visa (V) is still a hold for the moment, but I think if it drops below $61, then it’s a sell and wait to see if there is another entry point later on.