As Web's World Turns

[spikefader]

Ya, I agree with NB. It's not as certain as others out there. Good luck whatever you do dude! I'm hoping you nail another perfect entry

[diogenes]

Webs- Any plans to purchase vphm?

Wow...look at it go.

[tokyojoeskid]

vphm

Webs you shoulda stuck with your original plan at 17.50, ah well. I got in at around 18.4 a couple days ago, I need to be more patient with my entry, but I think this one has some serious potential.

TJk

[Websman]

My order for AOB filled at $4.10, which is not bad considering it closed at 4.27.

ELN is climbing on news AH. I'll be suprised if it helps much tomorrow.

[Websman]

Update on my present positions... 9/26/05

1. ELN - Bought at $6.88. Closing price today was $8.00

2. PDC - Bought at $14.25. Closing price today was $17.90

3. AOB - Bought at $4.10. Closing price today was $4.27

[Websman]

Ya, I agree with NB. It's not as certain as others out there. Good luck whatever you do dude! I'm hoping you nail another perfect entry

I nailed another perfect entry on AOB.

I also had a limit order to buy GW at $7.80, which turned out to be the low of the day, but my order didn't fill. That's not the first time that's happened though.

[skiracer]

Webs,
You must be smoking some of those bales that washed ashore from the hurricanes. Your update said you bought AOB at 14.25 an it closed at 4.27. You'll never retire at that rate.

[Websman]

Webs,
You must be smoking some of those bales that washed ashore from the hurricanes. Your update said you bought AOB at 14.25 an it closed at 4.27. You'll never retire at that rate.

I fixed it. It now says that I bought at 4.10 and it closed at 4.27.

[Websman]

Update on my present positions... 9/28/05

1. ELN - Bought at $6.88. Closing price today was $8.67

2. PDC - Bought at $14.25. Closing price today was $19.00

3. AOB - Bought at $4.10. Closing price today was $3.82


AOB sucked big time today, but ELN and PDC made up the difference. I ended the day with some nice gains.

I'll be watching AOB close tomorrow. If it drops below the 50 day MA, I'm bailing out.

[Websman]

Trying for an entry on GW at 7.85. I doubt it'll fill, but time will tell.

[dmk112]

AOB sucked big time today, but ELN and PDC made up the difference. I ended the day with some nice gains.

I'll be watching AOB close tomorrow. If it drops below the 50 day MA, I'm bailing out.

Just took a look at the pharmaceutical sector and it's due for a bounce exactly at this location...and with that AOB.

[spikefader]

PDC. You got the perfect entry........now can you get the perfect exit?



Good luck dude.

[Websman]

PDC. You got the perfect entry........now can you get the perfect exit?


Good luck dude.

My target is $30.35.

[tokyojoeskid]

along for the ride

Webs I am with you on PDC have been in since 14.98. Also in GW since 8.07 and Vphm at 18.41. They all look solid, definately going to be playing the Ng's long. Just wish sndk would bounce back a bit.

[Websman]

Today, I was attempting to set a stop limit order for 3.48 on AOB via E-trade's automated phone system. It would have been great, but I accidently placed a limit sell order instead for 3.48, causing AOB to be automatically sold at 3.57. Doh! Yet another stupid blunder!

As luck would have it, though, I was able to jump back in at 3.53. This is the second time I have made a stupid mistake on AOB, yet I'm still making money. Dumb luck? Maybe so.

I have learned another valuable lesson. Phone orders suck.

Looking back, however, had my stop limit order been properly placed, I still would have stopped out at 3.48, and would be completely out of the trade.

Yet, there is another angle to all of this. If I had used my usual 5% mental stop, I could have sold at 3.89 and bought back at 3.53, which would have me in real good shape.

I'm learning that trading is literally a series of mistakes that are combined with a few success. If these mistakes and successes are managed properly they will eventually result in profit.