Sold positions in GS and TTM late yesterday. Got an average around $192 for GS and $19.64 for TTM. I still regard both stocks as undervalued but wanted to take some profits. With today's action it turned out to be the right decision. Of course a high-beta stock like GOOG falls here after the run-up. Crude should be bought under $60, and it could have been done today.
Nordnet reported the other day. After listening to the conference call one has to reconsider the stock. Q4 will certainly be stronger than the last quarter, but I will get out of the stock in any strength. I regard Nordnet as one of the big disappointment in my portfolio. Commission will put pressure on the company's margins in the time to come at the same time a market like Germany seems to disappoint.
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