• Portfolio Management for February 1, 2016

    Last Friday was a strange day for us: the WLK surprise buyout offer on a competitor resulted into what I call a "trading accident." This is an unpreviewed news that directly affects prices. I decided to sell the position, which luckily was only 1/2 a position.

    Later in the day, WLK bounced back up, but not sure whether this was due to the general market squeeze or a stock specific move. WLK is anyway cheap, but the fact that its offer has been rejected tells us that WLK will have to put more money on the table, which will come from shareholder's pockets.



    The WNR/AAPL positions are doing fine and I will keep them for now.



    The trade ideas for today are below. I expect the market to pullback a little and then continue higher.
    However, I will open new trades only if we get trade alerts and if the EV points in the trade direction of the alert.



    The portfolio gained about 2.5% in January. Which is in line with average Monthly gains.
    Stats have been updated below.

    http://www.effectivevolume.com/conte...1-Introduction