Chris Lau
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Chris Lau in Value Stocks,

Action Plan for Tomorrow, Thursday August 18

  • 1.Sell stocks, SPY, QQQ and prepare for a rate hike…eventually. 2017 maybe? 2018?
  • 2.Short UVXY following FOMC minutes
  • 3.Short and avoid StemCells (STEM). This stock is going to $0
  • 4.Sell and avoid networking hardware stocks. CSCO, CIEN, JNPR, NOK come to mind

  • 5.Pre-order a Facebook (FB) Oculus. Realize NVDA, AMD will benefit from the GPU refresh cycle
  • 6.Wonder how GameStop (GME) bounced back from the $25ish low in July.
  • 7.Realize that gold rally is at an end. Watch out, ABX, NEM, GG.