Portfolio of the week - 2008

[skiracer]

Ed,

I would like to sell GLNG, now. I've got the last trade on my screen at the moment... $20.26

Thanks

Peanuts,
I have the ability now to get all the intraday prices. Rob clued me in on yahoo beta charts and it's very groovy. Got you covered but thanks for the providing the price for me anyway.

[skiracer]

Are we still doing the 7% stop loss? Because I posted this along with my original play on MBI...

It's an option to use it or not. If you selected to use it at the time of your post then you got it for sure. I must have missed it. I was tossing and turning all night and something was on my mind. I couldn't figure out what it was but now I know it must have been that. Got you covered Jerry.
I went back and took a look Jerry. You did request the stop and I will honor your request. Changes your score dramatically. 7% stop gets you out at 15.10 and it closed at 13.96. Big difference. You're out yesterday at 15.10. You are open to make another play at your convenience.

[skiracer]

exit LOV - enter GEHL

[stenzrob]

It's an option to use it or not.

I shoulda' used the 7% stop on my ZRAN pick, but I've got a question for you ski. In ZRAN's case, it gapped down at the open after their report. In real life, if I had entered a stop loss order 7% below my buy price, it would have executed as a market order at the open at $12, well below a 7% loss ($13.95).

So, how would you have scored me IF I had elected the 7% stop for ZRAN? At a 7% loss at 13.95, even though I never could have gotten 13.95 for it after the report? Or as a simulation of real life, at $12 and a 20% loss? I don't really care one way or the other, but you prob'ly ought to have a rule in place to handle this situation if it comes up.

[skiracer]

I shoulda' used the 7% stop on my ZRAN pick, but I've got a question for you ski. In ZRAN's case, it gapped down at the open after their report. In real life, if I had entered a stop loss order 7% below my buy price, it would have executed as a market order at the open at $12, well below a 7% loss ($13.95).

So, how would you have scored me IF I had elected the 7% stop for ZRAN? At a 7% loss at 13.95, even though I never could have gotten 13.95 for it after the report? Or as a simulation of real life, at $12 and a 20% loss? I don't really care one way or the other, but you prob'ly ought to have a rule in place to handle this situation if it comes up.

That is a good question Stenz. At Spikes you get eaten by the Kraken at 4% not at the price it gaps down to at the opens. And I agree with that practice. 7% would be the stop out price regardless. So when you place that stop when you enter a pick the most you can lose is 7% from your entry regardless of any gaps down at the open. So your exit price would have been 13.95 or 7 %. It's looking better now don't you think. Especially if you aren't able to keep an eye on your screen all day or even occassionally. I don't want to make to many rules or to make it to complicated.

[stenzrob]

That is a good question Stenz. At Spikes you get eaten by the Kraken at 4% not at the price it gaps down to at the opens. And I agree with that practice. 7% would be the stop out price regardless. So when you place that stop when you enter a pick the most you can lose is 7% from your entry regardless of any gaps down at the open. So your exit price would have been 13.95 or 7 %. It's looking better now don't you think. Especially if you aren't able to keep an eye on your screen all day or even occassionally. I don't want to make to many rules or to make it to complicated.

That does look better, ski, and thanks for the clarification.
I sure do wish my ETrade account worked that way.

[peanuts]

long DUG

can oil really go down?

[spikefader]

That does look better, ski, and thanks for the clarification.
I sure do wish my ETrade account worked that way.

Good brokers allow you to elect after-hours execution of your stops. In that case, you might could have gotten out between 12.50 and 14.00, depending on how many/where bidders happened to be when your stop price executes. Time and sales during the plunge show low volume drop to 12.50 and then a meander down to 11.82. But who knows.......there may have been some bidders at higher locations than those shows as actual executions during the drop....perhaps they were there, ready to buy at your -7% stop and then removed their bids.

[skiracer]

Karel wants to drive the spike deeper into each of our hearts. QMAR relentless in the pursuit to farther outdistance itself from the common folk drives to another 1.19 gain today and an amazing 53% gain so far this week. Rob is in 2nd place and up 14.56% and is 38.44% back of Karel just to put things in perspective. And then there is Peanuts, up 14.07% and in 3rd. But GOOG reported tonight after hours and crapped itself. Down afterhours to as low as 507 but sitting at 527 range now. What will it open at in the morning and what will Rob be able to exit the position at if he wants to exit. The prospects for GOOG don't look to good right now but that is only this reporters view. One day left and there will not be a close race for the top spot this week but the 2nd and 3rd spots could be up for grabs as Ernie and Pete are within striking distance of Rob and Peanuts and those two are within .49% of one another. There are several players this week that will be giving consideration to using the optional 7% stop next week for sure. And the scorecard please:

[Rob]

Mr. Racer, sir, GOOG closed at 564.30 today. Would this not put me in 2nd place?

... and GOOG is just fine by the way. Revenue up 51% over Q4 '06. That's huge! $4.8 BILLION in sales in the quarter. The only sellers after hours were fast money day traders and swing traders. I will not sell it.

[skiracer]

Mr. Racer, sir, GOOG closed at 564.30 today. Would this not put me in 2nd place?

... and GOOG is just fine by the way. Revenue up 51% over Q4 '06. That's huge! $4.8 BILLION in sales in the quarter. The only sellers after hours were fast money day traders and swing traders. I will not sell it.

thanks for bringing that to my attention Rob. I had a few numbers written down and actually had the right number, 564.30 there for GOOG, but wrote in the 548 by mistake. My bad and sorry about that. Made the adjustment and redid the scorecard. Mr. Rob is definitely in 2nd place and Peanuts is in 3rd. Tomorrow should prove to be an interesting day for the place and show spots. What else can you expect from an international event of this caliber and reporting.

[Rob]

Rob clued me in on yahoo beta charts and it's very groovy.

It is very groovy, indeed, Ski. I believe Karel mentioned that feature some months ago as well. You must've missed it.

[skiracer]

Is this going to turn out to be a buying opportunity or is this baby going down under 500.

[Rob]

Is this going to turn out to be a buying opportunity or is this baby going down under 500.

Ski, assuming you're talking about GOOG, I reckon anything's possible. Microsoft's $44.6B offer for Yahoo today didn't help GOOG any; I can tell you that. I'm wondering whether Google is considering making a bid. Kind of doubtful, but who knows?

On second thought, the regulators would never allow it.

[skiracer]

Karel and QMAR take the top spot this week for the 2nd week in a row. I do believe that is a first for one pick to win two weeks in a row and is quite a feat considering the way the markets have been over the last two weeks or so. Congratulations Karel. Very well done. Peanuts finishes the week in the 2nd spot with a decent gain of 12.57%. Has Louetta been putting something in his soup? That would win in most weeks but not this week. Mr. Market himself comes on strong this week with a very beat up pick but a survivor none the less and is now back in the green with BOOM. Boom Boom, that's sticking to your guns Ernie. Another week in the can and the window is now open for this coming week for any early birds who are peeing themselves in anticipation of getting their next pick in before someone else uses it. Not a bad week overall with the greenies over the reddies 11 to 7. Pretty in Pink from Rocky River, aka Riverbabe, comes in at a whopping minus 32.85%. Ouch, love has it's pitfalls but we have all been there before. And the scorecard please: