No doubt about it, it was a tough day on the street, down nearly 200 points. Most of the portfolio held up well. But of course, Dryships was a disaster. Somehow that's not much of a surprise right now, given that this was one of those stocks that have been moving up in anticipation of earning, and now it decides to drop. No choice but to hold on to this for a little while and see how it plays out, since it's a small position, no big loss. Closed out the position on RIO though, although not at the most favorable price, this is also one that has had a bit of a run.
On the other hand, WGOV has been a disappointment just like DNA, and ENER looks like its stuck in a trading range just like AAPL, and ISRG. FSLR on the other hand had a not so bad day given the state of the market. Asia looks like it is dropping again for Wednesday, so it will likely mean a down day for stocks yet again. Given the continued currency weakness, it is likely that energy stocks will continue to surge. This should be the overriding theme of this year. Meaning, the portfolio might have to switch from its tech focus to more of an energy focus for the rest of the year.
On the other hand, WGOV has been a disappointment just like DNA, and ENER looks like its stuck in a trading range just like AAPL, and ISRG. FSLR on the other hand had a not so bad day given the state of the market. Asia looks like it is dropping again for Wednesday, so it will likely mean a down day for stocks yet again. Given the continued currency weakness, it is likely that energy stocks will continue to surge. This should be the overriding theme of this year. Meaning, the portfolio might have to switch from its tech focus to more of an energy focus for the rest of the year.
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