I sold MIPS today for a near 9% loss. It dropped below its 50 day SMA and my 1% portfolio rule kicked in.
I then bought Google $GOOG at $603.71. I really don't understand earnings announcements. Apple beat expectations by 20% and their stock drops. Granted, the Steve Jobs temporary leave didn't help, but Google beat expectations by 8% and their stock has dropped 5% since. I think GOOG will bounce off its 50 day SMA. This past week has been pretty rough as you'll see on the scoreboard. Now's not the time to bury your head in the sand. It's time to roll up your sleeves and get to work.
I also sold SDS for a 1% loss. The good thing about this is that the market is still long for the time being. I ended up buying more AMZN at $177.47 as it has dipped to its 50 day SMA. The chart is below.
The scoreboard after yesterday reads:
Jody's Roth IRA 2.77%
Ryan's Roth IRA -0.64%
10% Fund -3.83%
S&P 2.04%
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