Portfolio of the week - 2007

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  • IIC
    Senior Member
    • Nov 2003
    • 14938

    Originally posted by riverbabe View Post
    Congratulations to all greenies and to the TOP THREE who weathered a tough week with confidence and optimism!!! And Ski, you are a true master of the double entendre!

    I'll gamble on IGLD for next week. They report on Tuesday and I own the stock. My abyssmal performance is due for an improvement!

    IGLD was a b/o from our CwH list last week...Doug
    "Trade What Is Happening...Not What You Think Is Gonna Happen"

    Find Tomorrow's Winners At SharpTraders.com

    Follow Me On Twitter

    Comment

    • IIC
      Senior Member
      • Nov 2003
      • 14938

      I will take MKTX long at the open on Monday...IIC


      "Trade What Is Happening...Not What You Think Is Gonna Happen"

      Find Tomorrow's Winners At SharpTraders.com

      Follow Me On Twitter

      Comment

      • spikefader
        Senior Member
        • Apr 2004
        • 7175

        Originally posted by IIC View Post
        Thx Spike...Now run for cover before the BIG CRASH


        The only big "crash" I see right now is for QID......

        But for the broader market, granted there's going to be some "normal" impulse selling at some stage for the weekly 4 down, but one should expect that to be a buying opportunity for the 5 up. We're still in a monthly 5th up by the way, per TA at Scuttlebutt.

        Now, the weekly 5th up will be a time to take profits and step aside for the monthly abc move, but there's no sign of a crash yet, Doug. We're still in for some more bullishness for Lord knows how many weeks, and how many subwaves.

        A crash prediction is way premature in my book, and I'm wondering whether you're even serious.


        Comment

        • Karel
          Administrator
          • Sep 2003
          • 2199

          Long CHAP!

          Originally posted by ParkTwain View Post
          Karel, I would be very careful with CHAP right now, if you have your own real $$$ in it. It has been strong for several months now, up +600% in about 18 months!, so you have to be careful. I had traded it in the low 40s during a false breakout, and since then have not chosen to trade it again. That is probably irrational but understandable. The problem for me is, within about 6 sessions I had two different stocks each take a 10% drop intraday for no good reason. (Only one of the two has recovered noticeably.) One was clearly a bear raid (very high offered # of shares, constantly during the session) associated with a brokerage downgrade.
          Hi Park, thanks for your concern. No I don't have real money in CHAP, sold it when $$$Mr.Market$$$ did. I think worries like this make getting out with 15% such a profound idea for a low maintenance/low worry portfolio. And it is necessary to have an exit plan. My own way to handle this (both in my marketocracy fund and in real money) is to sell off bits as the stock climbs higher, and to get out when the stock stalls, or drops about 20% from its most recent high. And to diversify. And in the meantime I don't worry, I am happy. Long CHAP!

          And congratulations to IIC and SirTuck!

          Regards,

          Karel
          My Investopedia portfolio
          (You need to have a (free) Investopedia or Facebook login, sorry!)

          Comment

          • skiracer
            Senior Member
            • Dec 2004
            • 6314

            Originally posted by spikefader View Post


            The only big "crash" I see right now is for QID......

            But for the broader market, granted there's going to be some "normal" impulse selling at some stage for the weekly 4 down, but one should expect that to be a buying opportunity for the 5 up. We're still in a monthly 5th up by the way, per TA at Scuttlebutt.

            Now, the weekly 5th up will be a time to take profits and step aside for the monthly abc move, but there's no sign of a crash yet, Doug. We're still in for some more bullishness for Lord knows how many weeks, and how many subwaves.

            A crash prediction is way premature in my book, and I'm wondering whether you're even serious.

            I think Doug's use of the term "crash" was meant more as a correction of maybe 10/12% Spike. I think they all need a correction which would be normal in an uptrend like this one. The INDU is up over 1300 points without any decent correction. I'm not sure if we are going to get one but I would position myself accordingly here. Even in as good an uptrend as we are in, and as long as the trend is going up then it is up, but I'm trying to be cautious with any long sided setups although I am long on several trades and entered a couple of long positions this past week. I think alot of people are seeing the same thing and are just a little anxious going without any correction for as long as we have in this recent uptrend.
            THE SKIRACER'S EDGE: MAKE THE EDGE IN YOUR FAVOR

            Comment

            • Louetta
              Senior Member
              • Oct 2003
              • 2331

              Originally posted by skiracer View Post
              I think you should reconsider a career as a politician. Sensibly well put, yet avoided the issue, and kind of answered the question. Mayor of Boston?
              Jobs taken for the duration I guess. In fact Mayor Menino is the only Mayor Of Boston I can remember having.

              Comment

              • IIC
                Senior Member
                • Nov 2003
                • 14938

                Spike...I am serious...The market will crash...And soon...When the Average Investor least expects it

                "Only time will tell who has fell and who's been left behind...When you go your way and I go mine"
                "Trade What Is Happening...Not What You Think Is Gonna Happen"

                Find Tomorrow's Winners At SharpTraders.com

                Follow Me On Twitter

                Comment

                • skiracer
                  Senior Member
                  • Dec 2004
                  • 6314

                  Originally posted by IIC View Post
                  Spike...I am serious...The market will crash...And soon...When the Average Investor least expects it
                  In that case I have to hear what your expectations are and how far down will it crash. The term, "crash", to me implies a devastating drop of maybe 500 / 700 points or maybe even a 1000. That would take alot of people and their positions out and put us back almost at where this uptrend started.

                  Last edited by Karel; 05-06-2007, 01:55 AM. Reason: Quote repaired
                  THE SKIRACER'S EDGE: MAKE THE EDGE IN YOUR FAVOR

                  Comment

                  • Gary611
                    Senior Member
                    • Jan 2005
                    • 316

                    Potw

                    Congrats to all & wherever the train shall meet!!

                    RUBO long to VICTORY!!
                    99 percent of Politicians give the rest a bad name.

                    Comment

                    • skiracer
                      Senior Member
                      • Dec 2004
                      • 6314

                      Originally posted by louetta12001 View Post
                      Jobs taken for the duration I guess. In fact Mayor Menino is the only Mayor Of Boston I can remember having.
                      I can see your campaign slogan now. Your avatar and the caption, Shouldn't you vote for these shoulders? Our next mayor of Boston, Ms. Louetta _________!
                      THE SKIRACER'S EDGE: MAKE THE EDGE IN YOUR FAVOR

                      Comment

                      • IIC
                        Senior Member
                        • Nov 2003
                        • 14938

                        Originally posted by skiracer View Post
                        Originally posted by IIC View Post
                        Spike...I am serious...The market will crash...And soon...When the Average Investor least expects it
                        In that case I have to hear what your expectations are and how far down will it crash. The term, "crash", to me implies a devastating drop of maybe 500 / 700 points or maybe even a 1000. That would take alot of people and their positions out and put us back almost at where this uptrend started.

                        IMO...Naz drops 500+...There is nothing but an air bubble holding up this market...Yes...I am surprised that the market has held up thru news...But I'll tell ya..IMO...There is gonna be a PROGRAMMED HEDGE SELL in the near future...
                        Last edited by Karel; 05-06-2007, 01:57 AM. Reason: Quote repaired
                        "Trade What Is Happening...Not What You Think Is Gonna Happen"

                        Find Tomorrow's Winners At SharpTraders.com

                        Follow Me On Twitter

                        Comment

                        • spikefader
                          Senior Member
                          • Apr 2004
                          • 7175

                          Originally posted by IIC View Post
                          IMO...Naz drops 500+...There is nothing but an air bubble holding up this market...
                          No offence, but I think yer smokin' bat doo doo, Doug.

                          Comment

                          • skiracer
                            Senior Member
                            • Dec 2004
                            • 6314

                            Originally posted by spikefader View Post
                            No offence, but I think yer smokin' bat doo doo, Doug.
                            I had some yesterday. It needed garlic. I don't see a devastating market crash of large proportions but a 200 point correction would probably be good for a continuation of this uptrend. I would like to hear what Doug bases his assumption on and why. Except for the geo-political mess in the Middle East I think the world economy is strengthening. Third world countries are coming into the markets for everything electronic from phones and ipods to flat tv, and automobiles. My own opinion is that there is a strengthening in demand for everything across the board. But nothing goes up without small corrections in the process and although uncomfortable when they happen are the necessary element to the continuation of the uptrend.
                            THE SKIRACER'S EDGE: MAKE THE EDGE IN YOUR FAVOR

                            Comment

                            • IIC
                              Senior Member
                              • Nov 2003
                              • 14938

                              Originally posted by skiracer View Post
                              I had some yesterday. It needed garlic. I don't see a devastating market crash of large proportions but a 200 point correction would probably be good for a continuation of this uptrend. I would like to hear what Doug bases his assumption on and why. Except for the geo-political mess in the Middle East I think the world economy is strengthening. Third world countries are coming into the markets for everything electronic from phones and ipods to flat tv, and automobiles. My own opinion is that there is a strengthening in demand for everything across the board. But nothing goes up without small corrections in the process and although uncomfortable when they happen are the necessary element to the continuation of the uptrend.

                              As far as I'm concerned the economy is running on fumes...When the industrials weaken we tank.

                              I see nothing strong in the economy right now...And another thing...I think this whole corn/ethanol thing is a big sham...I'll bet my life that I never drive a car fueled by ethanol...Here are the top 4 groups over the past 3 months:


                              Tires
                              Fish/Livestock
                              Metal Mining
                              Jewelry & Silverware

                              Takes more than that to get me excited...Doug
                              "Trade What Is Happening...Not What You Think Is Gonna Happen"

                              Find Tomorrow's Winners At SharpTraders.com

                              Follow Me On Twitter

                              Comment

                              • billyjoe
                                Senior Member
                                • Nov 2003
                                • 9014

                                Doug,
                                If this turns out to be a good growing year we'll have corn and ethanol coming out our ears and a big shortage of other crops.

                                -------------billyjoe

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