Skiracer's stock slopes

[riverbabe]

Ande

Peanuts is on fire. I'm taking a cue from him this time. Bot ANDE this AM @ 40.21. Riverbabe

[Websman]

I'm a couple of days late posting this, but.........

Sold EGY @8.00

This was probably not a bad plan, considering the drop today.

[skiracer]

Another new player with the portfolios. Everyone say hello to Ringo69. A number of trades today but every closed out positon was in the red. I was beginning to think that this group never had any losers. Ringo restated his target on his short position in MED to 11. Very bold call. Not to be outdone I'm restating my long position in MED to 16/17 from 15/16. Take that you Ringo. Just kidding bud. Glad your posting your portfolio up here with us. Always room for one more regardless if our opinions and positions differ. I must say that you made a great call with the short on MED from 14.55. Remember that unless the money is in your pocket it doesn't mean a thing. I'm giving MED more than the usual room to breathe as it broke through my 7% level at 12.60 yesterday and today an closed today under that price. Another day where decent volume came in right at the close. I'm following Whiz's lead and took a position in HWCC today at 23.30. If you take a look at the 15 min. chart you will see a great example of why I usually wait until 10 am before making any trades. That big spike up at the open came right back down by 10 am to a more reasonable level for an entry. Can you imagine how many people got caught in that switch after the first half hour. I could have bought it at 23.15 or 23.20 but wanted to see it breach and hold that 20 ma. It looked real strong at the end of the day today. Now I'm rooting for him to win the POTW this week. Here's today's sheet:

[New-born baby]

Ski,

sold CSX @ $35.93... looks like it was the wrong thing to do.

I made a rash decision to sell. Stupid, really

What happened here? You have a first target of $37.90 and a second target of $57.

[skiracer]

What happened here? You have a first target of $37.90 and a second target of $57.

NB,
Take a look at the 15 min. intraday chart to see what it was doing and where it was at today when Peanuts made the exit. An anxiety moment. I was wondering why he didn't bring a stop up close to where he exited and let it run. He would have been protected with the stop and open to further upside at no risk.

[IIC]

Peanuts...I lost 5 cents on SIM today...But I was busy dealing with SIRF and I lost my 20 cent gain on SIM (I wanted 30)...actually lost 5 cents as I said...Both were on My early LOSER'S LIST...But I really like it above 15 here and will watch it tomorrow morn...It is very tough to hold more than one stock at a time on the Loser's List 'cause they are so volatile...I lost .11 on SIRF yesterday...But I made .27 and then .15 on SIRF today...Perhaps I will be able to do the same on SIM tomorrow???...Doug

[peanuts]

CSX and other things

NBB,

I figured that my sell of CSX would come as a surprise to you. This is why I did it: After the downgrade, I figured that I was up against a big monster with lots of money that didn't think the stock was going higher. I'm just little peanuts, so I know when to walk away from a fight. The rebound was just what I was looking for as an opportunity to reduce my loss in the position. I'm not totally disregarding the stock for the future. But, I do think that the next month or so might have CSX trading sideways or even down. After considering all of this, I decided that the money could be used in better places. I'm seeing some strength in different sectors, and I want a piece of it. It was a trade-off type of trade. I thought I founf a better investment.

I still like CSX as a great company fundamentally, but the downgrade and ensuing price action sort of ruined my TA.

Doug,

I think I see a few percentage points out of my SIM position. Like you, I'm not looking for too much, but I like my entry and I hope to sell it today.

Ski,

I rarely get scared out of a position, but it does happen occasionally. CSX wasn't one of those times. I was stating that I wasn't sure if it was the right time to sell... and it wasn't. That wasn't clear in my post, I guess. If you haven't noticed, I've been trading with greater frequency now; mostly due to me cutting losses very short before they have a chance to amount to anything substantial. I'm also satisfied with lower percentage gains as long as I have several of them...

[skiracer]

A well placed stop would have protected your position and intraday gains and left you open to the remainder of the uptrend for the day. You could also have moved the stop up as it tracked higher. I was just suggesting an alternative to exiting the position that would have been no risk and win win.

[peanuts]

Ski,

bought ANDE @ $39.69

[peanuts]

SIM didn't offer the move I was looking for. Out with a scratch play.

[riverbabe]

Ski,

bought ANDE @ $39.69

Nice entry! Better than mine yesterday.

[Websman]

SIM didn't offer the move I was looking for. Out with a scratch play.

I hate when that happens, but you're still huge Peanuts!


Now for my trade of the day...

Bought SIM @14.98
Sold SIM @15.60

[jiesen]

I hate when that happens, but you're still huge Peanuts!


Now for my trade of the day...

Bought SIM @14.98
Sold SIM @15.60

Webs is HUGE!!!

[Websman]

Webs is HUGE!!!

I'm not sure about the huge part, but the profit was fun... Of course I had to watch SIM drop like a rock, before it went back up and I got to see a profit, which was a little scary...good thing Vulcans have no emotions. jejeje

[Runner]

Ski, what is your take on KOMG?