This is the kind of day in the market I really enjoy: up $63, and $53 and change away from making my first additional "chunk" (and $453 away from my goal of 20% on the year). My Sears (SHLD) was down 61 cents, but then it's had two days of strong gains in the past week (up $2.17 on the 12th, up $1.58 just yesterday) and I'm still up 3.3% on it. A gain of 36 cents a share in New York & Co. (NWY) brings my gain on that stock above 20% again -- that makes three I'm up at least 20% on (Blackboard [BBBB] and Toll Brothers [TOL] being the others). Speaking of TOL, can you believe I said I'd be willing to sell that at $53.50? That would have been stupid; it's $3.30 higher now.
Staid IBM reported strong earnings last night after the close of the market (it sent their stock up nearly two bucks today) and with that, it's beginning to look like the 2005 summer tech rally is on -- my shares of the Vanguard tech sector SPDR (XLK) were up 31 cents each. I hope to see more good news from tech in the next few weeks.
Posted by kindall at July 19, 2005 03:31 PM