Skiracer's stock slopes

[Runner]

Ski, I got stopped at 13.74 on FLOW. I also got stopped out of my last long IYM for a real nice profit. I have zero long positions open at this time.

[Runner]

Ski, you never know what is going to happen with any stock once trigger is pulled. I have done exactly what your talking about where I’ll lock in a few points and sell because I think it may be getting ready to correct. Problem with this is most times I do this I’ve regretted it because the stock then rockets up. I now prefer to let the market prove me right or wrong through stops. Hey I was wrong on FLOW and I should have not bot where I did. I should have waited for more confirmation of momentum in price above base.

Hey often if your looking for a nice profit ya got to be willing to give some up. You at least took a profit and I took a hit. Now my hit seems like a lot but it is not as risk was determined before entry along with number of shares purchased. I was looking to scale out ½ at +.75 and trail rest with next target around the 18.00 level. Just did not happen
Link to my ATR example http://geoshorttermtrading.blogspot..../atr-stop.html

[skiracer]

Ski, you never know what is going to happen with any stock once trigger is pulled. I have done exactly what your talking about where I’ll lock in a few points and sell because I think it may be getting ready to correct. Problem with this is most times I do this I’ve regretted it because the stock then rockets up. I now prefer to let the market prove me right or wrong through stops. Hey I was wrong on FLOW and I should have not bot where I did. I should have waited for more confirmation of momentum in price above base.

Hey often if your looking for a nice profit ya got to be willing to give some up. You at least took a profit and I took a hit. Now my hit seems like a lot but it is not as risk was determined before entry along with number of shares purchased. I was looking to scale out ½ at +.75 and trail rest with next target around the 18.00 level. Just did not happen
Link to my ATR example http://geoshorttermtrading.blogspot..../atr-stop.html

Runner,
I read your post on the blog. Nice setup you have there. The concept is interesting. I'm going to apply it to a few stocks on my watchlist. I hate when this happens as it did with FLOW but it is all part of it. I haven't got the sllightest idea what is going on with FLOW. I didn't see anything in the charts to indicate this % of a consolidation. I gave back .95 an I just hate doing that but I'm watching FLOW for a re-entry below my initial entry of $13.60. It killed me in the POTW this week. I'm also back to stalking ECOL again on the long side. I think alot of stocks got beat up for a couple of days in this recent consolidation.

[Runner]

Ski, let me know what you think of the ATR system. I like it and you can modify things better to your tolerance. In essence all you are doing is sizing you positions based on volatility of the stock. Now a 2XATR move against me is considered a move I don’t like. Every stock you buy using this system will have different position sizes but your risk will remain the same. Once price moves in your favor you simply re-adjust your stops based on daily close. Only when price moves in favor. If you think things are getting funky you can alter your plan and drop down to 1XATR. Not sure if this helps anyone but just a simple system that focuses on position sizing using volatility.

[Runner]

Ski, here is a simple chart of the S&P that I did not see back a few days. Check out the price runs sideways but volatility is showing a breakout. Bottom indicator is simply ATR14X2. Had I noticed this back a few days I’d figure out something was cooking.

[skiracer]

[QUOTE=skiracer]Forgot to mention my other trading account open position.

GLD: entry: $46.00 Close today: $70.38 + 24.38 = +53 %

Besides MOT which is on my priorty watchist here are several others that I am watching closely. All strong stocks an have been trending up. Please check the daily charts out on all of these.

EZM: I was waiting for eps report this morning. Wasn't quite up to expectations and took a hit as a result. Cramer likes it at this level and thinks it's a buy. Someone bought 1.75 million shares @ $3.02 in the AH tonight. I'm a buyer at $2.66 in the morning. 1000 shares. I've done worse with the money.

IHR: on any pullback to $6 range.

GRR: on any pullback to $22/23 range.

TBV: on any pullback to $7 range.

JFC: this is a c wave play an waiting for the a, b, c correction waves to take place over the next few days could be rewarding on that c wave impulse spike.

ADM: I'm waiting for a pullback on this stock to trigger my entry. Anywhere near $42 range would be good for me. I'm buying this for our blue chip portfolio and will be holding it for awhile. I think this stock easily goes to $60 by years end and that could be conservative. They are in the right product sector right now.

DIL: like JFC this is another c wave play. Exhibit some patience and wait for the a, b, c corrective wave sequence to play and catch the c wave impulse spike up. I think this could happen over the next 7/8 days.

NWS.A: on next pullback to $16.50/17 range.[/QUOTE

I still like all of the above stocks and will be watching all of them for a possible entry. I'm adding MED to the short list with MOT and ADM

MED gave back almost 2 points an I think it will consolidate a bit more to the bottom channel on the RAFF on the daily giving a channel long signal].

ADM would trigger somewhere around $42-42.50 for me if it will drop abit more for me. This is going into a long term portfolio and a few cents one way or another is no big deal. I like the stock to $60-65 range by end of year.

MOT confuses me because it is so strong in its sector and product line but the stock just will not breakout and hold the strength. If you look at the daily you'll see successive high points that it didn't hold or breakout on to new highs. Each high has been successively lower. Not a good sign but I still am watching the stock for a bounce play off this range for a point or two.


On those 3 positions I exited last week the totals were:

ECOL: + 5.9 %
FLOW: + 1.8 %
PETS: +10.4%
_____________

+18.1% /3 = + 6.03 %

All in cash right now. Waiting to see which way the wind blows on Monday morning.

[Websman]

I bought EZM at 2.10.

[skiracer]

I bought EZM at 2.10.

Webs,
That was a nice entry on your part. You're up .77 as of close Friday. I like the stock as it is like a commodity fund for silver, copper, nickel and a couple of other minerals that they are mining in Portugal. I looked at it at around $2.55 on Friday and thought that it might drop farther with the way the markets were going on Friday but it fooled me. I'm looking for an entry this week.

[ParkTwain]

Vancouver, B.C. mining companies have broken a lot of hearts in the markets. Keep finger *close* to trigger.

[skiracer]

Vancouver, B.C. mining companies have broken a lot of hearts in the markets. Keep finger *close* to trigger.

Park,
I wish I was in where Webs got in at. I'm thinking of 1000 shares just in case. I always keep a close rein on them although like with FLOW where I had a 1.25 gain I let is slip away from me over last Thurs. and Friday. I want to see it drop to the $2.50 range for an entry.

[DSteckler]

I bought EZM at 2.10.

When did you buy it? It hasn't been that cheap since 4/20.

[Websman]

When did you buy it? It hasn't been that cheap since 4/20.

Actually, that's the day I bought it on...

[DSteckler]

I didn't recall you mentioning EZM before, Webs. Do you post a list on a different thread of what stocks you're stalking?

[skiracer]

I didn't recall you mentioning EZM before, Webs. Do you post a list on a different thread of what stocks you're stalking?

Dave,
I never mentioned EZM before Webs mentioned it. I only started looking at it after I saw that Cramer mentioned it on his show a few days ago, the day they reported earnings and weren't quite up to expectations, an he thought that it was a bargain at these prices (under $3) and would be a buyer here.
I mentioned it that day or the next as I put it on my watchlist but haven't entered a position as of yet.

[Websman]

I didn't recall you mentioning EZM before, Webs. Do you post a list on a different thread of what stocks you're stalking?

Why yes Dave, I do post my trades on a different thread. I'm suprised that you don't read it. Here's a link to the post on my thread about EZM...

http://www.mrmarketishuge.com/showpost.php?p=48405&postcount=1669