Portfolio of the Week

**IIC** · 11-07-2005, 11:37 PM

NTES...sorry to hear about that...Maybe the Analysts raised estimates and then shorted the darn thing???...Who knows???

**skiracer** · 11-08-2005, 12:04 AM

Originally posted by jiesen

Alright, Ski! Nice pick there with the AOB.

Jiesen,
Nice pick but wished I owned it. Missed the entry on Thursday when it was around $5.35 range. Then today waiting for it to pull back to $5.50 range but there I was wishing in one hand and shitting in the other an seeing which one fills up first. Same with VPHM. Saw the earnings report early in the pre-market but it was too late by the time the markets opened an it had gone off. We'll see how AOB holds up over the week. Maybe we'll get a pullback but I would be surprised. I think AOB will be a big one over the long run. VPHM has already proven itself to be a big one from the $5/6 range. Weren't you the first one to mention it here. Now that was a nice play from that initial price.

**IIC** · 11-08-2005, 12:11 AM

Originally posted by skiracer

Jiesen,
Nice pick but wished I owned it. Missed the entry on Thursday when it was around $5.35 range. Then today waiting for it to pull back to $5.50 range but there I was wishing in one hand and shitting in the other an seeing which one fills up first. Same with VPHM. Saw the earnings report early in the pre-market but it was too late by the time the markets opened an it had gone off. We'll see how AOB holds up over the week. Maybe we'll get a pullback but I would be surprised. I think AOB will be a big one over the long run. VPHM has already proven itself to be a big one from the $5/6 range. Weren't you the first one to mention it here. Now that was a nice play from that initial price.

Heck...I bot AOB on Friday for 6.05...sold before close at 5.98...So don't feel too bad...Doug

**jiesen** · 11-08-2005, 12:31 AM

Originally posted by skiracer

Jiesen,
Nice pick but wished I owned it. Missed the entry on Thursday when it was around $5.35 range. Then today waiting for it to pull back to $5.50 range but there I was wishing in one hand and shitting in the other an seeing which one fills up first. Same with VPHM. Saw the earnings report early in the pre-market but it was too late by the time the markets opened an it had gone off. We'll see how AOB holds up over the week. Maybe we'll get a pullback but I would be surprised. I think AOB will be a big one over the long run. VPHM has already proven itself to be a big one from the $5/6 range. Weren't you the first one to mention it here. Now that was a nice play from that initial price.

Nope, I wish I could take credit for that one, but someone else (NBB or Webs?) brought VPHM to the table. I remember talking about it, and maybe giving a thumbs up around 12 or so but I never did buy it, since I never could get a good enough grasp of it to put my money in it... maybe because my attention span was too short. My latest pick was AMLN, which, while making me money, pales in comparison:

Yahoo

http://finance.yahoo.com/q/bc?t=1y&s=AMLN&l=on&z=m&q=l&c=vphm

**spikefader** · 11-08-2005, 01:12 AM

Originally posted by Lyehopper

Nice-yourself Spike! Another fine entry! That early morning gap-up gives it away dosen't it Spike? Same with ENER on Friday.

Thanks. Yes, morning gap and the intraday double top. A killer.

**spikefader** · 11-08-2005, 01:29 AM

Originally posted by Lyehopper

Ski comes out strong with a solid pick and early lead. Spike is in 2nd....Jiesen rounds out 3rd on this first day of the competition....

My "lucky" long pick has (so far) proven to be.... Just another good short.... The CC sucked! NTES should fill that gap tomorrow @ 60.50 with no problem.

http://img475.imageshack.us/img475/4...tw117055un.png

Doh! Don'tcha-hate-that?! Stops save lives....

**IIC** · 11-08-2005, 01:34 AM

Spike...OK...Stops...Are they in effect A/H? I rarely use them...Main reasons are because of the Naz bid thing...which I've been burned on and the morning gap on news which normally sees a stock pop up at least some???

**spikefader** · 11-08-2005, 01:43 AM

Originally posted by jiesen

Nope, I wish I could take credit for that one, but someone else (NBB or Webs?) brought VPHM to the table.

Actually, I just searched it and IIC brought it up as a momo in '94, and after a spell Drutz took it long in May this year in POTW.

**jiesen** · 11-08-2005, 01:56 AM

Originally posted by spikefader

Actually, I just searched it and IIC brought it up as a momo in '94, and after a spell Drutz took it long in May this year in POTW.

that would be quite a spell! anyway, May this year was sure the right time to take it long...

IIC's momo list has turned up quite a number of gems, in fact it's where I just got my QDEL short.

**spikefader** · 11-08-2005, 01:59 AM

Originally posted by IIC

Spike...OK...Stops...Are they in effect A/H? I rarely use them...Main reasons are because of the Naz bid thing...which I've been burned on and the morning gap on news which normally sees a stock pop up at least some???

You have to specifically instruct your broker to make them in effect. With IB there is a box you must check within TWS regarding stop orders that will make them active AH. Then they work normally and according to your instructions and price action, meaning if you use a market order you can suffer serious slippage if the volume is low, or if you use a limit order you may miss the exit completely if it drops fast. With NTES, there was up to 8 points (or 10%) of slippage with a market order, and it then got more volume bidding. 10% hurts, sure, but it's better than if you hold it and it opens at the gap fill -24% or worse.

**IIC** · 11-08-2005, 10:08 AM

Originally posted by spikefader

Actually, I just searched it and IIC brought it up as a momo in '94, and after a spell Drutz took it long in May this year in POTW.

Geez...I brought it up 11 years ago...seems like it was only yesterday...LOL

**Lyehopper** · 11-08-2005, 12:03 PM

Originally posted by spikefader

Doh! Don'tcha-hate-that?! Stops save lives....

LOL... Yeah Spike.... Had my home defibulator sitting right next to my glass of GoJi juice.

Sad thing about that trade is.... I FREAKIN KNEW BETTER!!!! even said the stupid thing might crash....

AARRGGGGGGGG!!!!!

**spikefader** · 11-08-2005, 12:29 PM

Originally posted by IIC

Geez...I brought it up 11 years ago...seems like it was only yesterday...LOL

LOL surely that was a typo! I think I meant to say 2004!

**Lyehopper** · 11-08-2005, 12:34 PM

Ntes....

Updated TA on NTES.... This chart shows what happens when an earning play goes bad!

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http://img226.imageshack.us/img226/1628/ntes1108053io.png

**spikefader** · 11-08-2005, 12:41 PM

Originally posted by Lyehopper

LOL... Yeah Spike.... Had my home defibulator sitting right next to my glass of GoJi juice.

Sad thing about that trade is.... I FREAKIN KNEW BETTER!!!! even said the stupid thing might crash....

AARRGGGGGGGG!!!!!

Yup, you did. Ahh well, rack it up to a learning experience and apply stricter discipline next time. Right now you're all about damage control, so whether you average in, take your pain, whatever, but make your plan and stick to it.

For all you stop-users, and the experienced traders should know this, but actually entering the stop into the system helps you follow your discipline, as opposed to using 'mental stops', which leaves you the option of compromising your mental stop.

It's MUCH harder to enter a stop during the pain than when you first make the plan. When you enter with order, that's when you put in your downside stop and upside target. Then if you're going to compromise a stop you have to actually delete the order, which is harder to do/more symbolic of breaking a rule than failing to enter a stop during a selloff.

Portfolio of the Week

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