I doubled up on Salesforce.com (CRM) as the stock has yet to really run and should be able to move to $98 if the S&P can add to gains in the first half of next week. This is a trading position added to the core position - I'll let it go around $98 and go back down to just the core exposure of 1%. A price of $98 would be about 8% from here so any move over $96 would be acceptable for a quick in and out. A good report by Intel (INTC) Tuesday night would help the whole tech space. (Click to enlarge)
Akamai Technologies (AKAM) -- same general theme; looking to see if we can get a quick move to $46 (about a 6% move from here). Added a 2.2% allocation to my small 0.4% that was sitting out there.
These are your prototypical high beta, hedge fund dominated stocks... as long as risk is "on" they should do fine. Until risk is "off," of course.
I added more TNA (3% allocation on top of the earlier 4%) as well here since I like the "action" in the S&P 500. Barring any strange moves by the silicon ("011010011100") in the closing hour we should close firmly in the upper subrange of 1070 to 1100. The lack of "give back" the past 2 days, after the big move earlier this week is a net positive. Larry Summers willing, we get one of those traditional gap up
M&A, Mutual Fund, China Rocks, Magical Mondays.
Disclosure: Long all names mentioned except Intel in fund; no personal position