Portfolio of the week - 2008

[skiracer]

I'll attempt a timely entry tomorrow intraday, thanks Ski.

No problemo and no penalto either for 1st timers Spike.

[spikefader]

No problemo and no penalto either for 1st timers Spike.

lol ye be a gentleman and a scholar. But if I win by only 1% then I'll feel compelled to take it

Well, I shorted BONT in the Scuttlebutt contest this afternoon, and despite being a slightly worse entry where it is now......I still reckon it's worth taking. So short BONT the open thanks, Ski.

[skiracer]

Not alot of green today. As volitaile a day in the markets as I have seen in a long time. Very wide swings over the course of the entire day. As it stands Karel benefits from a big gap down at the open to get a very nice entry and ends up 2.6 points and a whopping 20.7% up for the day effectively taking the top spot. Peanuts trys to pull off the same manuever with his own gap down at the open and benefits from the entry to take 2nd with a pretty good gain himself of 1.91 or 6.29% and takes 2nd place. Websman, am I going to regret pleading with him to enter a pick and play, takes the 3rd position with a .21 or 1.95% gain. Plus he owns the stock as does Karel. That always makes it that much nicer. Nice picks today to the guys in green in a very hard market. Only 1.14% separates the 3rd, 4th, 5th, and 6th positions. Everyone else is in the red including Pretty In Pink for the 1st time since I can remember. She's giving the boys a short headstart this week. Spike is getting a bye for entering a pick under the $2.00 minimum. I'm debiting the good will credits in his account for all the good he has done here and taking the 1% penalty out of that account. That leaves him with about 600,000 good will credits left in the account. He gets tomorrows opening price on his BONT short play as his 1st day entry price in case anyone was wondering what was going on. And the scorecard please:

[skiracer]

Just thought that I would post the 1st, 2nd, and 3rd place finishers charts each day, when I can, so that we can all see what was going on with their charts and why they finished higher that the rest of us. Sometimes it is just unexplainable, but here are todays top 3 open for discussion and imput. #1 is Karel's QMAR. I don't see a thing in the chart that would prompt me to put any money into it right here but he is in 1st and we're not.



#2 is Peanuts with VIP. Another one that doesn't show much in the chart. If anything it is a busted c wave where the expected 1st wave up failed to materialize after the c wave completion. But again he is in 2nd place and that is what counts. I would like to hear what Peanuts rationale was on this pick.



#3 is Webs with his pick of ROCM. I really like this chart and the pattern is my favorite. Basing very uniformally and looks to be getting ready to make the run up the right side of it's cup. I am going to be putting this one, with Webs permission and my acknowledgement of where I found the chart, on my list at StockCharts and watching for an entry as it progresses in making that right side. I hope you saw what I see Webs. Nice pick and chart pattern on this one.

[stenzrob]

ski,
WATG was trading at 9.65 when I went long at 10:42am eastern time.

[skiracer]

ski,
WATG was trading at 9.65 when I went long at 10:42am eastern time.

Stenz,
Sorry bud. I'll make the adjustment this morning.

[dmk112]

ski, C long pls.

[Karel]

Just thought that I would post the 1st, 2nd, and 3rd place finishers charts each day, when I can, so that we can all see what was going on with their charts and why they finished higher that the rest of us. Sometimes it is just unexplainable, but here are todays top 3 open for discussion and imput. #1 is Karel's QMAR. I don't see a thing in the chart that would prompt me to put any money into it right here but he is in 1st and we're not. [...]

I don't see anything either, but then I don't see much in charts. (Was that a pun?) Even according to my take on $$$Mr. Market$$$'s method I wouldn't pick it now. But I picked it, and the method looks for not too value challenged stocks. I trust this is one is not too value challenged either, and decide to hang in for a while. Not as long as $$$Mr. Market$$$ does with his stocks, but then he is H U G E and he understands DD. So I am ready to catch all the volatilty the market is throwing at it for the moment. That's all. And I got lucky with that gap down (as far as this competition is concerned).

Regards,

Karel

[skiracer]

I don't see anything either, but then I don't see much in charts. (Was that a pun?) Even according to my take on $$$Mr. Market$$$'s method I wouldn't pick it now. But I picked it, and the method looks for not too value challenged stocks. I trust this is one is not too value challenged either, and decide to hang in for a while. Not as long as $$$Mr. Market$$$ does with his stocks, but then he is H U G E and he understands DD. So I am ready to catch all the volatilty the market is throwing at it for the moment. That's all. And I got lucky with that gap down (as far as this competition is concerned).

Regards,

Karel

Karel,
Every dog deserves a bone now and then. You certainly do. It turned out for the best for you in the POTW. Hopefully it will rebound to previous levels for you and that you can recoup. All any of this is is just opinions and interpretations by different individuals. I put the charts up there just to give everyone a look at the chart of the leaders and possibly get some more dialogue and more of a learning experience. Good luck with it.

[stenzrob]

ski, I just noticed that there was some discussion of a "kraken" type rule here, an intraday stop loss. I am not in favor of this being a rule, some stocks have pretty wild swings, and I think we should be able to stay in them if we want. For example, I have been following COIN and trying to decide whether to play it or not. My suggestion would be to make a stop loss optional, perhaps with a default (either with stop or without). For example, if I said "COIN-long" and said nothing else, there would be a 7% stop loss. But, I could also say "COIN-long-no stop". This is just a just a statement of my opinion on the matter and a suggestion for your consideration, I have too much appreciation for the work that you do here to object strenuously to whatever you decide regarding the rules.
regards ... stenz

[skiracer]

ski, C long pls.

DMK,
I got you in at 10:39 a.m. at $25.00.

[skiracer]

ski,
WATG was trading at 9.65 when I went long at 10:42am eastern time.

I made a mistake on Stenzrob's entry price yesterday and this is the change and how it effected yesterday's scorecard. Of course now the commentary from yesterday doesn't agree with the scorecard but I'll get it all straightened out tonight with todays scorecard. Sorry Stenz.

[skiracer]

C - short please @ 12:33 p.m. @ $25.21

[jae16]

I made a mistake on Stenzrob's entry price yesterday and this is the change and how it effected yesterday's scorecard. Of course now the commentary from yesterday doesn't agree with the scorecard but I'll get it all straightened out tonight with todays scorecard. Sorry Stenz.

Ski I am not sure if you saw it yesterday... but I bought to cover on MBI and went long at 11.61... you can check it too... I used my live quotes to make sure it was exactly accurate... I went long at MBI at that price...

I am not sure if you got that or not? Sorry for the bother if you did...

[skiracer]

Sorry no commentary tonight. Congested, sore throat, and bad headache. Nice play and entry on Citi DMK. Into my jammies and off to bed. And the scorecard please