Skiracer's stock slopes

[skiracer]

Just an update on a a couple of positions I'm still holding:

HTRN: entry 12.75 close Fri. 12.72 down .03 My target is still 15/16 range and still confident of hitting it.

MAIN: entry 2.86 close Fri. 3.50 up .64 most likely will set a stop on this one at 3.35 to insure .50 gain on the trade. Looks as if it could be near hitting top of it's channel and due for some consolidation of it's recent gains.

PTMK: entry 8.87 close Fri. 9.26 up .39 no stop assigned yet. I took a little more interest in this stock when Runner posted on it because I have a friend who works for Pathmark and runs their meat depts. in a few of their north Jersey stores. We're in the process of putting a 2nd and 3rd floor on their summer home in Ortley Beach, NJ at the present time so I see alot of him right now. He knows of my love for trading and has been talking about Pathmark and some of the things which are going on with it. Ahold, which is a large conglomerate of food store holdings throughout the world, has just taken some kind of interest in Pathmark an infused about 200 million in the company. Apparently they have some plan in mind for the company. Chart still looks pretty good aside from the above info.

Sold PTMK today at 8.97. Didn't like the earnings report. .02 less than Reuters consensus. +.10 on the trade.

Sold Main today at 3.30. +.46 on the trade.

Disappointed with PTMK and the earnings report. Thought it would come in better or at least at even rather than the -.02.

Bought another 1000 shares of VTIV at 19.55. Now own 2000 shares of the stock averaged at 1000 @ 20.20 and another 1000 at 19.55. Averages down to 19.88 on the 2000 shares. Love this stock and have been in an out of it several times over the last 6 months with great success. Those last two candles today look promising. Still I'm down .22 on the 2000 shares.

Market looks good and if it stays strong over the short term this stock will be a major player in the Healthcare sector.

How about that CMTL. Great call on the overreaction and a terrible call on exiting the position instead of setting a close stop and seeing what happened. Wouldn't have cost anything and wouldn't have lost any money while still maintaining the position and chance of more gains which it did without me. Still don't know why I do the things I do after all these years. But still made great gains with the last two trades in this stock. Still a battle to control my moves an emotions.

HTRN is still range bound but there are several things going on with the play. Institutional ownership increased again this week. They know what's going on and where to put their money. Patience. My original mindset was to hold for a longer period than my normal time period. So that's what I'm doing. +.02.

[Websman]

Still don't know why I do the things I do after all these years. But still made great gains with the last two trades in this stock. Still a battle to control my moves an emotions.

I don't guess we'd be human if we didn't have emotions, yet the market does a darn good job of preying upon our emotions. I like Spikes idea of having an automated computer program to do your trades for you.

[skiracer]

I'm a simple hunter and trapper from the Pine Barrens of NJ. Grew up in the woods around Lakehurst, NJ. Love the computer stuff but to old now to learn to accept or rely to much on those type of programs. Like to be able to pull the trigger myself. Wish I was about 20/30 years later than I was. Would have missed Vietnam and all the great weed but would have been much more into the electronic stuff. Hard to teach an old dog to many new tricks.

[Websman]

You know Ski, I'm 39 and grew up with computers and such, but there are times when I wish I would have been born in the 1800's when life was much simpler. I know science has made great advancements and we're living longer, but sometimes I wonder if it's worth it.

[skiracer]

The atmosphere around where I grew up was like the 1800's almost. Everyone was into hunting, fishing, and trapping. Alot of the people in Lakehurst ate what they killed or caught. Hunting season, whether it was small game or deer season, was a serious matter and alot of the old-timers filled their freezers with Striped Bass in the spring and fall runs and game during the winter hunting seasons.
Running a trap line was another way to make some money but was an ordeal and excrutiating work to be successful at it. It was definitely a slower way of life for us in the late 50's and early 60's. That all changed for me in the fall of 1965. Still like to bow hunt for deer and go surf fishing for the Striped bass during the spring and fall runs. But it's changed a whole lot from those days.

[B.J]

I see the "Freaky Friday" thing going on with Ski and Webs

You know, that movie where the mother and daughter want to trade places, then get their wishes.

[Runner]

Nice trading Ski, I have not looked into VTIV. The last time I looked at that stock it was in a nice down spin.

[skiracer]

Well it's dropped a pretty good deal over the last 3 days from my entry at 20.20. I guess it's all part of it. My own opinion is that you do what you think you want to do and learn from it. If you can do that and live with the results and not deceive yourself in the long run it will work out if you keep at it.

[skiracer]

I'd take 39 again if I could keep what I know now to take with me. That would be like a shark in a mullet pond.

[skiracer]

[skiracer]

Well I'm sure this little tidbit which I just came across has helped to hold HTRN back from crossing 13 the last week or so. These guys are heartless sobs.

[Runner]

Maybe that explains this chart. Like you said before the insiders sell all the time.

[Runner]

Ski, I’m not sure VTIV is ready yet, but I hope I’m wrong and it moves over 22.00 mark!! This stock has been under heavy distribution and is flirting with the 200 DMA on the daily chart. Maybe the Bulls will try to give it a boost today..

[skiracer]

Maybe that explains this chart. Like you said before the insiders sell all the time.

Runner,
Your chart comes up but is so fuzzy that it's illegible. I don't know what is causing this phenomenom but I get the same thing with New-Born's charts. I wonder if it has anything to do with the smaller charts. Can't read this one. If it is no problem could you do those two charts over again an send them through regular size instead of miniturizing them. Just to see if they come through better that way. Thanks.


I've traded VTIV on several occassions where it had pulled way back from the mid 20's to under 20 an it has always come back to 22/23 area from those pullbacks. Nothing that I can see has changed with the fundamentals. I'm averaged out at 19.88 on the 2000 shares. Hope it does it again this time. Alot will depend on the market conditions.

I'm always checking to see if insiders have been buying or selling and missed these on HTRN. These were pretty recent sales and definitely played a part in holding it under 13 or so. They were selling off into it's strength. Then they issue themselves more stock, options, or warrants at a cheaper price and wait to do it all over again at our expense. Even with the insider sales the institutions have been acquiring more of it.

[Runner]

Ski, the chart on HTRN is no biggie; IT was just showing the CFM indicator. Not sure what I did with it I think I dumped it from my hard drive. Been up all night and I’m getting a little burned out right now. Heck I just checked HTRN and it is holding its ground right now!!