yeah another bailout!!!!!
wonder how long the rally will last this time
/sarcarsm
Monday, 24 November 2008
Wednesday, 19 November 2008
...
Lot of charts I've been looking at broke through supports and resistances, going downward.
I like how I buy stuff, then it goes down 20% or something. Yeah BAC, u suck.
Glad I kept a lot in cash, but it looks like I'll prob cost average down from my initial position.
stupid market...
I like how I buy stuff, then it goes down 20% or something. Yeah BAC, u suck.
Glad I kept a lot in cash, but it looks like I'll prob cost average down from my initial position.
stupid market...
Thursday, 13 November 2008
stupid broker
So I'm pretty upset with my broker. I ended up buying some dxd to hedge a little against my portfolio. I had about 36% against my current holdings (excluding cash). I it bought in the premarket on weds. Anyways I put a trailing stop on of 3 pts on 80% of my dxd.
On thursday dxd went all the up to 93 then fell before market close to 74. My stop loss didn't get executed!! ahhhh.
On thursday dxd went all the up to 93 then fell before market close to 74. My stop loss didn't get executed!! ahhhh.
Tuesday, 11 November 2008
Market Commentary
1 or 2 things are happening. We are forming a bottom. Or we are going down some more to retest the lows. Probably the 2nd. If we don't break resistance, then I'm going to take as a bullish sign. But we probably going to retest the low with the following events coming up.
Thursday 11/13 Initial Jobless Claims
Friday 11/14 Retail Sales
Consumer Sentiment
Along with other important earnings report (WMT , JWN).
But a lot of things are really cheap, right now. It's hard holding back, and not buy as much as I can. A funny post from blogging stocks. Yeah theres a lot things cheap right now, but things can always get lower. Current position is about 20% long in bac. The rest is in cash. But if there is a short rally, I sell a percentage of my gains. Thinking about hedging with DXD. Also waiting for entry point for Jpm is a 34.80.
Feel free to comment.
oh yeah, Happy belated birthday Marine Corp!
Thursday 11/13 Initial Jobless Claims
Friday 11/14 Retail Sales
Consumer Sentiment
Along with other important earnings report (WMT , JWN).
But a lot of things are really cheap, right now. It's hard holding back, and not buy as much as I can. A funny post from blogging stocks. Yeah theres a lot things cheap right now, but things can always get lower. Current position is about 20% long in bac. The rest is in cash. But if there is a short rally, I sell a percentage of my gains. Thinking about hedging with DXD. Also waiting for entry point for Jpm is a 34.80.
Feel free to comment.
oh yeah, Happy belated birthday Marine Corp!
Friday, 7 November 2008
Week of trading
Whoa, wsup with this weeks market? It's still a traders market with all these crazy swings. Still trading etfs. But hold no positions over the weekend. (hmm, seems during the weekend, there's always some kind of surprise announcement from the gov or some company. Bet u Obama prob gonna make some kind of big announcement about the economy) But who knows what will happen?
So don't know what to do yet. The market is still volatile. Overall bear market. but bulls wanna rally on everything that beats expectations. Unemployment looks horrible. Lighter than normal volume in the markets. Guess everyones still to scared to put money in. Waiting to buy JPM and BAC.
Update Nov09: See something happened over the weekend! China Stimulus plan!
track my progress
http://www.covestor.com/mbr/wong55
So don't know what to do yet. The market is still volatile. Overall bear market. but bulls wanna rally on everything that beats expectations. Unemployment looks horrible. Lighter than normal volume in the markets. Guess everyones still to scared to put money in. Waiting to buy JPM and BAC.
Update Nov09: See something happened over the weekend! China Stimulus plan!
track my progress
http://www.covestor.com/mbr/wong55
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