Bob Lang has been a private trader in equity and option markets for several years and manages separate accounts via Aztec Capital LLC. He has managed a $300 million pension and 401(k) plan for a Southern California cooperative. In early 2000, Lang started a hedge fund for private and institutional clients. This fund, Aztec Partners, was a top-performing fund that year relative to its peer group. In 2002, Lang worked with floor traders in the active bond-trading group of Countrywide Capital Markets. In May 2011, Lang launched an options trading service called Explosive Options.
Any pullback in American Express could be a nice buying chance.
Nobody can demonstrate consistent success being lucky for a long period of time. But skill can be prolonged with good discipline, control, risk management and little ego to get in the way.
The markets moved nicely higher this week after reassuring words from the Fed, while we continue to eye shares of domestically focused, inelastic businesses.
FL, GDP, AMBA, PSDO and HOFT all recently were downgraded by TheStreet's Quant Ratings.
Any retracement in Ross Stores would still be a good spot to average up and buy more shares.
The overhanging issue is the disconnect between the economic data and the stock market’s march higher.
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