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Jim's cycle trades
starting to figure out how to navigate this site.....so, I'll just start a new thread and keep everything here....I am poluted in oil stocks like XOM, CVX, APA and HAL....I expect the dollar to get slammed and oil to rally....Everyone will be looking at Iran, the proverbial man behind the current, but I see this oil situation is an anti dollar play....ORCT is my top tech play for the next six weeks....I am watching for a correction in the markets into option expiration....after that, I'll be looking to play semiconductors again with a target on the SMH at $45.
Since I am new here, a little discussion about myself and strategy:
* I look for repeating year over year patterns supported by current technical indicators. That's way oversimplified however.
* My holding period often doesn't go beyond a few days. But sometimes, I'll try for longer periods. Patience is one of my weak areas.
* I will take positions on in size usually no less than 1000 shares.
* I am not afraid to concentrate my portfolio either in one position or sector.
* I was one of the early day traders in the country. I had to suffer an extensive IRS inquiry due to my prolific trading numbers. They thought I was a drug dealer laundering money.
* I own commerical realestate that was featured in the Wall Street Journal back in 1987 and I once wrote a good size letter to James Cramer at Realmoney.com, which he posted on the site, as I ripped him a new one and he wanted to respond. I don't like Cramer.
Since I am new here, a little discussion about myself and strategy:
* I look for repeating year over year patterns supported by current technical indicators. That's way oversimplified however.
* My holding period often doesn't go beyond a few days. But sometimes, I'll try for longer periods. Patience is one of my weak areas.
* I will take positions on in size usually no less than 1000 shares.
* I am not afraid to concentrate my portfolio either in one position or sector.
* I was one of the early day traders in the country. I had to suffer an extensive IRS inquiry due to my prolific trading numbers. They thought I was a drug dealer laundering money.
* I own commerical realestate that was featured in the Wall Street Journal back in 1987 and I once wrote a good size letter to James Cramer at Realmoney.com, which he posted on the site, as I ripped him a new one and he wanted to respond. I don't like Cramer.
...Doug(IIC)
Nice call.
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