Just Dinking Around

 | Feb 15, 2013 | 10:35 AM EST  | Comments
  • Comment
  • Print Print
  • Print
Stock quotes in this article:

biof

,

kors

,

cvrr

,

bx

,

wfm

The pattern of very slow but generally positive action continues and it is likely to be even slower later in the day as market players leave early for the long weekend. Breadth is running about 2700 gainers to 2100 decliners and there's strength in homebuilders and pharmaceuticals, but most sectors are in the red. Oil is weak and gold, in particular, continues to be pummeled.

In this market we are relegated to what I call 'dink' trading. You try to capture a few pennies on quick trades but can't really build positions or be too aggressive. I have trades in BioFuel Energy (BIOF), Kors (KORS), CVR Refining (CVRR) and Blackstone (BX). I'm also focusing a bit more on shorts and have positions in Whole Foods (WFM) I'm looking to add to.

It's easy to get nicked by random moves in a thin trading environment, so be sure to manage your positions very carefully. Nice gains can be wiped out very quickly with one or two forced trades.

Columnist Conversations

Lang:
Yesterday presented us with a great opportunity to take some profits into a nice market rally. This is what w...
Lang:
The professor from the Wharton School is often criticized for his market timing calls. But, give him credit -...
Lang:
Some will consider the release of the FOMC minutes today or the comments forthcoming from the Jackson Hole KC ...
I think the jump in sterling this morning is temporary. Yes, the Bank of England's minutes showed two members ...

BEST IDEAS

REAL MONEY'S BEST IDEAS

Columnist Tweets

BROKERAGE PARTNERS

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.


TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.