Market was down more than 1 percent on the Friday. But there is no fear and major damage so far. People are optimistic for the market even though the US employment data was reported below expected on Friday. I am also optimistic even though my 401k was down 1 percent also. I feel this should be a good dip buying opportunity. The market could dip even more early next week, but I feel it will come back.
So far I am holding three positions, BWLD, CRUS and LCC. There first two are under water for around 3 percent, which I bought on Thursday hoping for a follow through break out. I do not worry too much for the first two, as they are having good fundamental and charts are in consolidating mode. When market is good, they will break out.
LCC is a good trade so far. I was up 4 percent intraday, but the profit faded. Hopefully I can see continuing upside in LCC.
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