Portfolio of the Week

[Lyehopper]

Hi skiracer,

I agree that Lye has been very upfront about his intentions. I just wanted to point out that his personal plans with POTW might influence his view of the POTW as a thing in itself. MIGHT, I say. he can speak for himself.

Regards,

Karel

I kinda like hearing you two speak for me.... Remember fellas: It ain't over till the freakin fat lady sings!

http://img456.imageshack.us/img456/3444/fatlady5nn.png

[spikefader]

And Lye, speaking of ESCL, it's a valid expanding weekly channel long with double bottom intraday. I am going to cut MSO's losses and hop on long with ESCL and look for some nice correction.

[Lyehopper]

My appologies....

Lye,
You changed the rules just so that you could avert situations like this with our picks. Down over 13% in 2 days! Regardless of how well and fat you're doing in your personal portfolio it's not indicative an has nothing to do with what we're trying to accompolish here. If you were swing trading this stock in your personal portfolio would you still be holding on in hope of it changing direction? You really should consider exiting any loss over 7% and pick something new to try an recoup some of the loss to try and make the overall % of the POTW portfolio stronger. It's really bringing the rest of the portfolio down an isn't a fair indication of what we can do an how good we are. Spike and BJ, in their test portfolio's, would have exited their positions by now an added to their stronger positions. Still 1 1/2 days left to make some move to try and strengthen the POTW results. Lets treat it like it's our own money. Isn't that what you've been trying to get across to the rest of us?

I respect your critisism.... Maybe I AM being too light hearted here Ski. Especially after I stated that "Hail Mary" picks should be avoided.

I took the short position because I thought it would "pay off". You are correct that I have demonstrated poor judgment by holding it this long.... I would not have held it if it were in my actual portfolio, I use much tighter stops on short trades than 7% too (especially in a bull market).... Plain and simple it was a bad pick and played poorly after the fact.... I'll try not to finish in last place this week.

AND.... I'll play picks from my real portfolio in the future. Sorry dude.

[Lyehopper]

Europeeeeans are way too emotional!

No it isn't, but as far as I understand Lye, the POTW doesn't count... which makes things a bit complicated. Lye seems to want to use the POTW as a kind of short list for a 'real' portfolio, real money he says, I would be a bit more careful. So on the one hand we have the players, who would like to win and see the POTW do well (and beat stupid things like the market and my Mechanical Fund), and on the other hand we have Lye, who doesn't care about such trifles and is only interested in making money with our picks. ( eh, Lye?)

One of the reasons I brought my Fund into is, is that it should be possible to beat it, and let's see if the POTW can do it. Perhaps Lye will also disclose his other plans, to the point where we can see how well he does off us.

Regards,

Karel

Doug's picks?.... HELL YEAH!!! LOL.... But.... I've made no money with your picks Karel. So you can rest well knowing that YOU'VE in no way helped me accumulate the vast wealth which I enjoy.

Now as for Captmatrix, the homeless dude hangin out at BillyJoes?.... He's made me FREAKIN $$$ Millions $$$!..... AND I COULDN"T HAVE DONE IT WITHOUT $$$MR.MARKET$$$'s Forum!.... Thank YOU $$$Mr. Market$$$!!!!

BTW Karel.... IF this FREAKIN POTW did NOT "count" to me? I would NOT put up the FREAKIN effort necessary to grow it.... that I FREAKIN HAVE!!!! I would not have BEGGED you To PLAY and I would not have answered youR Sh*t-a$$ post.... Now I'm shorting GES just for the hell-of-it... (in my REAL LIFE portfolio)!

[skiracer]

Lye,
We all take picks that for whatever reasons go off in the wrong direction. There's nothing wrong with that an it happens. It's how we manage the good ones and bad ones that separate the wheat from the chaff. I'm not being critical of the pick only the management of the position after a specific point. You want all of us to give the best we can to increase our chances of a higher % of gains. It's only fair that the same expectations apply to everyone one of us. Where any one of us finishes is insignificant as long as we can say in the end that we applied our best to the endeavor for the whole. Good show an you're right about it not being over until the fat lady sings so the last day and a half can make a difference.

[Karel]

@Lye: Well, that's clear, sort of, more or less. And GES might be a good short at this point, with 9% added the last two days. I wouldn't say: better than CNVR, however.

Regards,

Karel

[Lyehopper]

@Lye: Well, that's clear, sort of, more or less. And GES might be a good short at this point, with 9% added the last two days. I wouldn't say: better than CNVR, however.

Regards,

Karel

So are you selling GES, nailing down your profit and replacing it with another stellar pick Karel? The rules allow this you know.... I vow to never "actually" buy any of your picks as I'd hate to take advantage of you dude.lol

[billyjoe]

I kinda like hearing you two speak for me.... Remember fellas: It ain't over till the freakin fat lady sings!
http://img456.imageshack.us/img456/3444/fatlady5nn.png

It took a long time to download that picture and after the wait it ruined my lunch . And Lye ,I don't care what you do with my picks. I'm just happy you're running the POTW.

billyjoe

[Lyehopper]

It took a long time to download that picture and after the wait it ruined my lunch . And Lye ,I don't care what you do with my picks. I'm just happy you're running the POTW.

billyjoe

Thanks BillyJoe.... I know you understand my "plan" dude! HEY as for your picks! I just play the inverse of how you do! Making more on those than the GoJi Brandy!

OK Fellas!.... I'm Covering my "now famous" CNVR short and I'm shorting one from My real life Lyehopper Hollow Portfolio!!!! SHORT SELL NRPH.... Now!

[billyjoe]

Spike,
My broker says we're talking a "sell limit" order here and not a "premarket stop" order or is this all just semantics and it's the same thing?

billyjoe

[spikefader]

Spike,
My broker says we're talking a "sell limit" order here and not a "premarket stop" order or is this all just semantics and it's the same thing?

billyjoe

Yes, your broker is correct; the actual order is called a "sell limit" order or "sell market" order. The 'premarket stop' terminology I wrote to simply refer to a stop order that is active outside regular market hours (brokers using simulated stop orders will need you to specify that stops should be active outside regular market hours). For eg, IB uses simulated stops for futures, and those stops are not active outside regular trading hours unless you actually get into the TWS preferences and check a box to specify it.

But strictly speaking the term 'premarket stop' is misleading so disregard it.

And just on stops, for those who don't know the difference, market orders will slip and chase the bid until you're completely flat, so you'll get as much slippage as the market forces demand, whereas limit orders will only slip as much as you specify, and thus not guaranteeing that you fully exit (or even commence to exit) your position, as the bid could drop below your limit, and the ask chases the bid so your limit order is left stranded and unfilled.

[Karel]

So are you selling GES, nailing down your profit and replacing it with another stellar pick Karel? [...]

I see you want to drag me into the maelstrom of intraweek, not to mention intraday trading. I will not play. GES will stay the week. One stock less to avoid for you...

Regards,

Karel

[spikefader]

...drag me into the maelstrom of intraweek

yes, the vortex of daytrading is a place from which there is no return....be afraid; be very afraid! haha

[mimo_100]

stop limit may help you

Spike,
My broker says we're talking a "sell limit" order here and not a "premarket stop" order or is this all just semantics and it's the same thing?

billyjoe

You can also enter a stop limit order to protect yourself from getting

whipsawed. Here is a link to SEC.gov defining STOPS.



http://www.sec.gov/answers/stopord.htm



Tim

[Websman]

It's no suprise that my pick continues to make gains...