I’d like to see tech lead the way higher
One consistent but understated theme in the markets lately has been that tech has underperformed. I like to see tech lead the way higher when I’m betting long/bullish and I don’t like seeing tech underperform consistently. Along with the mostly negative reaction to earnings (though we can add Sandisk to Riverbed and Google as recent earnings pops in our own portfolio, helping us buck the markets overall trend), I’m not real pumped about the near-term prospects. Let it come to us.
Netflix is up nearly 5% from where we were buying calls and I’m letting them ride into earnings next week. Remember, these are high risk/high-potential reward, even moreso than most pre-earnings plays. So tread carefully.
Positions update coming up next.