Bought some OMCL today at $24.30.
Stenzrob's specials
Collapse
X
-
Originally posted by stenzrob View PostBought some OMCL today at $24.30.
The difference is enough to cover commissions plus the short term cap gains tax, and I sometimes get back in just a smidge cheaper.
Each in/out trade has been for only 1%. But, the original buy was at $24.30, and it closed today at $24.36 (+0.25%). Meanwhile, my two trades have netted +2%.
Comment
-
-
Originally posted by stenzrob View PostExecuted a few small flips on OMCL the last few days, selling at $24.55 on Tuesday, buying it back again at $24.24 on Wednesday, and sold again today at $24.49. I was bored.
The difference is enough to cover commissions plus the short term cap gains tax, and I sometimes get back in just a smidge cheaper.
Each in/out trade has been for only 1%. But, the original buy was at $24.30, and it closed today at $24.36 (+0.25%). Meanwhile, my two trades have netted +2%.
Comment
-
-
Originally posted by stenzrob View PostBack in again on Friday at $24.04. While I am quite happy to keep netting some little gains and reduce my purchase price, I am also expecting (hoping?) this one to make a move up sometime soon, and I don't want to be out of it when it does. The chart looks good for a nice move up, IMHO.
The problem with trading a stock that appears to be in a trading range is that if I buy near the bottom of the range and sell near the top of the range, then I could be caught out of the stock when it finally breaks to the upside (not too bad), or stuck in it if it breaks to the downside (undesirable). On the other hand, I have made between 5 and 6% gain on this one stock while it has, so far, gone up less than half of that since my original buy.
Comment
-
-
I may have outclevered myself on OMCL, just as described in the prior post. I sold at the top of the range just as it was breaking out of the range. Waiting to see if it will settle back down again.
In the meantime, picked up some of an old holding again - PTEN. This one always looked undervalued to me, and oilfield service is picking up again. Chart looks like a nice recovery pattern, with some heavy volume in the turnaround. Bought this at $22.90 today.
Also sold DRAX today for a small profit. At the end of the day, it ran up to $5.30 and I sold it at $5.29. A little more than 1% gain from my buy at $5.23.
Also sold AOB today. It looked like it was going to take a bit of a rest, so I was out at $10.29. That was about a 9.5% gain in about a week.
That leaves me with only PTEN (the resurgent oilfield service) and SCLD (dark horse).
Why was I so quick to sell and take profits today? ... For such a big gain, volume was low on the exchanges. Despite such a big gain for the day, most of the indexes are coming up to their 50 day averages. It's at least as likely as not that the indexes (and most stocks) will be down tomorrow, and I might have an opportunity to reload the same stocks again for less.
Comment
-
-
Originally posted by stenzrob on 9/11 View Post...sold AOB today. It looked like it was going to take a bit of a rest, so I was out at $10.29. That was about a 9.5% gain in about a week.
Comment
-
-
Originally posted by stenzrob View PostInto BLUD again today at $35.60.
Does this look like a cup/handle to anyone?
THE SKIRACER'S EDGE: MAKE THE EDGE IN YOUR FAVOR
Comment
-
-
BLUD...Is it a CwH? Well, if you want Ski's "Acknowledgeable Source" Definition....NO it is not....Although if it breaks out I wouldn't be surprised to see them claim it b/o from a CwH.
You want the Mr. Breakout opinion...YES it is.
Geez...I would sure like to know what the percentage of breakouts is from the Acknowledgeable Source....In all my years of following this pattern (Over 35) I've never seen the percentage of breakouts number."Trade What Is Happening...Not What You Think Is Gonna Happen"
Find Tomorrow's Winners At SharpTraders.com
Follow Me On Twitter
Comment
-
-
Originally posted by IIC View PostBLUD...Is it a CwH? Well, if you want Ski's "Acknowledgeable Source" Definition....NO it is not....Although if it breaks out I wouldn't be surprised to see them claim it b/o from a CwH.
You want the Mr. Breakout opinion...YES it is.
Geez...I would sure like to know what the percentage of breakouts is from the Acknowledgeable Source....In all my years of following this pattern (Over 35) I've never seen the percentage of breakouts number.
i really have no problem with you or anyone else adjusting what has been accepted as the true definition of any specific pattern to suit their plan or strategy. i guess if they work for you and everyone who listens to your take and uses those parameters then the proof is in the success of the trades. it is as simple as that. i find it suprising how many people will accept what you post here as the definition of the pattern because that is as far as they go. they're either lazy or don't know how to look for other info. i think there should always be two sides to look at regarding any of this.Last edited by skiracer; 09-21-2007, 07:57 AM.THE SKIRACER'S EDGE: MAKE THE EDGE IN YOUR FAVOR
Comment
-
-
Originally posted by stenzrob View PostThanks very much ski and doug, for your observations on BLUD.
In any case, today sees it with a slight gap open, setting new all-time highs and trading close to average daily volume in the first ten minutes of trading. I would call this a breakout."Trade What Is Happening...Not What You Think Is Gonna Happen"
Find Tomorrow's Winners At SharpTraders.com
Follow Me On Twitter
Comment
-
-
Originally posted by IIC View PostThe reason that jumped right out at me that it was not a "Classic" is that the "acknowlegeables" say the handle should be at least 5 days
Comment
-
-
Originally posted by stenzrob on 8/9/07 View PostSold my VDSI position today at $31.40.
The VDSI chart looks like a climax peak, just as the market is getting really volatile.
Comment
-
Comment