RIMM – $85.89
GRMN – $73.44
GOOG – $609.04
BIDU – $259.89
OIH – $154.78
AAPL – $141.08

I will be using their Garmin, OIH and Apple stop points, but stopped out of Google and Baidu on the run ups and earlier today on the rest. RIMM was an embarrasingly early trend sell by me months ago, unless it gaps down $40 points tomorrow (in which case I am a genius).

I was a buyer of Garmin last week at $90 (whoopass) and will be buying some more in the high $70′s on more weakness. I know my stop points and will adjust my position size for distance of the stops.

Google, Apple and Baidu could be in these major areas of decision by tomorrow morning at today’s pace.

Fasten your seat belts and be prepared so you can be proactive, not panicked and reactive.

If you have been buying the bank stocks, this must be the first time reading this blog. If you read this blog everyday and have buying banks and brokers, no one can help you or should help you. Go to the racetrack.

Hope this helps you. It helps me :) .

1. The Facebook/Microsoft chatter is now deafening.

2. Amazon is back at all-time highs and has an iTunes killer? :)

3. RIMM goes up 5 percent a day, so does Apple and Baidu.

Most important, the laggard internet juggernauts are up 15 percent the last few weeks – Ebay and Yahoo. These are the media and blog world whipping boys.

As my friend Phil twittered today- Something is building.

My thoughts are that the deals and rises are too easy and too loose. Too much back patting and knuckle fives.

I will continue to diversify and add breakouts because the tone is great and the fed is easing and the US government is spending like the good christian drunk sailors they are. I am listening to the tape and although I feel that a huge high beta drawdown is at hand, the tape says we are o.k.

Maybe this time a gigantic tech/internet merger is just the beginning. Stranger things have happened.

PS…next to me :) , if you like the market and are not following Phil on twitter , you are a putz.

I am more convinced than ever, that stock ‘twits’ is a major opportunity .

For those that think you can’t do this at home, you have not met Rose, my friend and blog reader, office manager for Blair’s real estate business the last 10 years and owner of Baidu at $130 and Chipotles in the $50′s. The only other stock she has ever owned is McDonald’s. You can learn this stuff and trend following can work.

No rocket science, just basic trend following and watching Wallstrip and bugging me for my favorite trends.

She is taking partial profits too.

I was looking up Chipotles on Baidu and I have made the front page of their search . That’s just awesome.

I will be more pissed to see the stock back at $200, than at $500 at this point which is the reason for selling more. I think thats where the stop is now on my position remaining which is a factor in the decision for sure.

What an amazing run!

Disclosure – Long Baidu

Now I am in the Apple store on Madison talking search and Apple with random apple lovers. It is freaking packed.

More goodness today from Google and Baidu as Google approaches all-time highs and Baidu tacks on 7 plus more.

While Facebook, social networking and rate cuts steal the headlines, the search leaders romp in the background.

Perfect.

Rajun Cajin at MadStocks has a good outside the box look at Google potential .

Disclosure – Long Google and Baidu

My last sell was in the $190′s and I thought I would hold the rest for a long while. Until today, that is.

Lot’s of breakouts to reallocate and diversify some of the wild profits.

I love you Baidu!

Congrats to the SIRI longs and Baidu shorts. Keep reading this blog for my good luck.

Disclosure – Long ADBE and Baidu

SINA, SOHU, SNDA and FMCN are other China stocks flying.

In the end, Goldman Sachs will be the big winner in China so it pays to keep it all in perspective.

Disclosure – Long Baidu, Long Goldman PUTS

“In order to maximize your profits (let them run), you must be willing to give some of them back.” ~ Van K Tharp

As I watch Google, Baidu, Garmin, Apple, Chipotles and others in my portfolio run away, I am reminded of the quote above and it’s implications for returns. I have sold down all these positions and I see them everyday on my sheets and think, ‘should I sell and lock my profits totally down’. I know Baidu is priced for perfection as are the others, but who is to say from what level they will correct. Maybe they climb another 100 percent before the next correction adn an inevitable stop.

My fear of a big giveback on RIMM and CROX was the reason I sold the stocks too early. There was no real reason to lose my last piece of those stocks.

There is no perfect strategy but you MUST be willing to give back profits to ride trends.

My stocks are just having some spectacular runs…Navteq, Garmin (Wallstripped), Baidu (Wallstripped) are romping again.

Today I noticed a few of my stocks starting to catch serious breakout bids…Synaptics, AUXL (Wallstripped) and Lifecell (LIFC). Lifecell and Synaptics have not been Wallstripped, but they have been on the Wallstrip ‘board’ and in the production loop.

Lot’s of new breakouts happening still in healthcare, biotech and technology. I don’t buy into the bear talk and recession talk.

As bad as the financials have been, Goldman should be much lower if the end of the world was upon us.

Maybe something bad will just happen, but we are soooo climbing a ‘Wall of Worry’…textbook. Those that have an opinion and not following price are for the most part getting slaughtered or just watching the leaders romp. Good. The watchers and bears become fuel for the fire.

Disclosure – Long AUXL, GRMN, LIFC, SYNA, NVT, BIDU and lovin’ it.