Skiracer's stock slopes

[skiracer]

Watching MED real close right here for another entry as soon as if finds a bottom. Maybe later today or tomorrow morning. Maybe for the POTW also for my second play if I need it. Maybe I won't need it with a little help from my friends.

[billyjoe]

Ski,
Maybe I'm crazy but bought more AAPL @87.72.

----------billyjoe

[skiracer]

Watching MED real close right here for another entry as soon as if finds a bottom. Maybe later today or tomorrow morning. Maybe for the POTW also for my second play if I need it. Maybe I won't need it with a little help from my friends.

My exit at 14.78 isn't looking to bad right now. Look for a bottom, perhaps tomorrow morning, for another entry. This is going to be a decent opportunity for getting in on the next leg up.

[ringo69]

My exit at 14.78 isn't looking to bad right now. Look for a bottom, perhaps tomorrow morning, for another entry. This is going to be a decent opportunity for getting in on the next leg up.

Ski,
I went short on MED yesterday at 14.50, I am looking at a target of 12.50.

[peanuts]

Ski,
I went short on MED yesterday at 14.50, I am looking at a target of 12.50.

Ringo,

You are not alone in your short position. I got in at $14.71 a few days ago. I told Ski in a private message and posted it on my weekly watchlist

[Gatorman]

Bought VRSN 25.44

[skiracer]

Ski,
I went short on MED yesterday at 14.50, I am looking at a target of 12.50.

Ringo69,
You know that you are more than welcome to place your trading portfolio on this thread with the rest of us. You know the drill, you post the entries and exits and I'll take care of the rest. I'm looking for another entry on the long side. I guess that's what makes a horserace. I'm not in it yet while I'm still looking for a bottom which might come tomorrow or not so if it does continue down then good luck to you with it but I don't see it dropping to 12.50. I'll be waiting until it shows me what it wants to do before I enter on the long side again. Put your portfolio up here as it is always interesting to see what everyone is holding and their style of trading. Good luck with MED tomorrow. I can wait until it bottoms out wherever that is.
Peanuts did PM me to tell me that he was going short with MED. I had just exited the position at 14.78 and at that time I could root for him because I was out of it.

[Gwhiz]

got into mrvl @ 21.47 mid morning

two pretty terrible entries

[skiracer]

got into mrvl @ 21.47 mid morning

two pretty terrible entries

Then please explain what you saw there that drove you to make the plays. Sometimes it helps to go back and take a close look at what didn't materialize and why it didn't. An honest explanation of your reasoning can be the beginning of understanding what not to do again and why.

[Runner]

Ski took YHOO short @ 26.90

Ski, price should reflect 26.90 for yhoo..Also Q's short not sure if your red color code indicates short of not...

[skiracer]

Ski, price should reflect 26.90 for yhoo..Also Q's short not sure if your red color code indicates short of not...

Sorry Runner, I'll fix it right now bud. BTW I was watching YHOO since you mentioned it yesterday and I thought your timing and entry was impeccable on the trade. Nice catch. If it breachs the 50 ma at 26 here comes 22. Good luck with it. I'm watching it as it gets closer to 26 for a possible entry on the short side.

[skiracer]

Not alot of trading today but Peanuts continues to rack up those gains. Another 2 point gain with UARM. I must say that Peanuts plays have gotten my attention. Very nice trading Peanuts. And finally the elusive Gatorman has posted another trade with VRSN. Could you give us something on your reasoning behind the trade Gator. What you saw there that led you to make the play if you would. Anyway good to see you've come out of the woodwork with another trade. Whiz, do you get any homework done or are you trading for your teachers retirement accounts and they are happy to just be making money finally. I like the MRVL play and have been watching it myself the last few days. I think you may have gotten to the party just a little early but be patient because there are some good days coming. Still needs to shake out a few of the remaining stragglers left over from that looooong slide down from the 36 levels. I'm looking at MED again for an entry on the long side. It seems that it wants to break that 15 level and has failed on the last two attempts. The more that it knocks at the door the better the chances are that it will breach that level. Patience will pay off waiting for it to put a bottom in before the next attempt at 15 and higher. I did like it at today's low of the day at 13.80 and so did a few others as they gobbled it up at that level to push it back to 14 right at the close. Lye, haven't heard from you on the trading front recently. That's not like you knowing that you love the action. What's up bud? Here's todays sheet:

[Runner]

I went into my current positions with a conservative approach and thus decided to run these guys based off that mindset. Notice mainly thick stocks and this is the play for now. I just have not been getting many swing opportunities on this end.

I might hang on to my GLD stock for a longer-term play and in fact only the Q’s, Yhoo, and WRN are in my swing account. The rest are for another account.

I’m thinking momentum in many sectors for the most part is losing power. This will change if the Indices break to the upside with conviction. Overall I will not try to give back to much of my gains (yearly). Not that this batch is doing much but overall this is my conservative approach. Positions are all based off volatility and each one is set to only ½ position.

[Runner]

Sorry Runner, I'll fix it right now bud. BTW I was watching YHOO since you mentioned it yesterday and I thought your timing and entry was impeccable on the trade. Nice catch. If it breachs the 50 ma at 26 here comes 22. Good luck with it. I'm watching it as it gets closer to 26 for a possible entry on the short side.

Ski, this is what I'm looking at. Not the best R/R play but I will no I'm wrong if it busts through that possible right shoulder.

[skiracer]

Ski, this is what I'm looking at. Not the best R/R play but I will no I'm wrong if it busts through that possible right shoulder.

Well it's sitting right on that neckline. I think the momentum is building towards the downside for this one. If it breaks the neckline and approaches closer to 26 I would take the plunge looking for 22.