The red/black syndrome- I spent the entire week alternating between regret and relief. If I'd only bet red. Black. Red.
(a) Regrets- DANG + HIG: closed positions too early. AUMN + IRE: I thought long and hard about opening positions before deciding against it.
(b) Relief- Wednesday 1245 pm PST I was hit with a last-minute decision: all-in on FSAGX at the close in the 403(b)? I elected to wait for a better set-up, although the sixth sense was pretty sure it would be a winning bet. It turned out to be a winning bet only had I been able to exit at Thursday's open (I don't have that option with mutual funds). FSAGX still closed with a gain of +0.75%- but I would have been hit with a short-term trading fee of exactly 0.75%, making the trade a waste of time.
Several other examples as well, but no time to post them all here.
Mark- Do you have time to check with Google as to why we're all experiencing technical difficulties? Except for the first comment below the lead post, I'm still unable to access the Comments section.
Let me take advantage of the first comment privilege and wish all the best today!
ReplyDeleteLong PCX at $8.61. I think the news is priced in.
ReplyDeletewouldn't the european banks be crashing on this downgrade "news"? BCS up, STD almost flat, LYG flat, DB down slightly
ReplyDeleteWell that didn't work out so well, the buy the dip on PCX...stop is at $8.3
ReplyDeleteStill holding on to PCX decided to pull the stop but I'm ready to bail. Would like to see if this market can rally into the close. My position is small
ReplyDeletehopped back into PEIX...small position at $1.18
ReplyDeletescrew it i sold my PEIX and bought another 5k SORL at $2.33 on the dip
ReplyDeletesorry 2.35. avg price is $2.36
ReplyDeleteis this my own blog? helllllooooooo?
ReplyDeleteoLD COMPUTER, have stuff that I would post but info on new and it still won't work. I think its google who screws up. Love chrome but its not stable.
ReplyDeleteCoal, PCX is where the biggest war is and I would prefer to stand aside on that one. If memory serves me estimates have been guided down for the industry. For me the play is ANR or BTU if you think its price in.
The big negative for me here is that prices on both is below the 9 dma and when trying to catch turns in these situations I want a positive 9 dma with me. FWIW GL
No worries TOF, you're not alone! I'm hand sitting at the present.
ReplyDeleteSold some DANG and PEIX into the opening volley. Just waiting to see what shakes out.
Fricking Euro BS again. Made some change on CSTR and now it's pulling back again.
Looks like we're resuming where we left off yesterday....
guys check out the Euro banks: BCS, STD, LYG, DB...just about completely shrugging off the news. BCS looks the strongest of the bunch if you're looking to join in on one of them.
ReplyDeletecashed in a good chunk of IRE at $4.68 to $4.71. Remind me again why I didn't do it yesterday...
ReplyDeleteoh yea that's right: greed.
ReplyDeleteoh well, still a good gain.
Just went long 15k shs ZNGA at $8.63 avg for a trade
ReplyDeleteAAPL - "12:15 PM Apple (AAPL -0.4%) discloses a list of its major suppliers for the first time, moving to combat criticism about working conditions in its supply chain and the company's transparency about them. The list of 156 companies is accompanied by a detailed audit that includes discovery of a a number of environmental violations in plants in China."
ReplyDeleteIDIX UP 100%, 5 DAYS WOW
ReplyDeletealright completely sold out of my IRE at $4.66 and $4.67 just now. I bought a stake in SKUL which I think is very undervalued.
ReplyDeleteOh yeah I forgot to tell you guys I went 100% long IDIX at 7.5 the other day.
ReplyDelete"Patriot Coal fell 10% to $8.10, its lowest level since 2009."
ReplyDeleteUmm, that's wrong! I've got a 52wk low of $6.92..
http://www.marketwatch.com/story/coal-rail-stocks-hit-by-patriot-coal-view-2012-01-13?siteid=yhoof2
Resource stocks: Seems like when resource stocks are trending down, that's not likely to be a good indicator for the economy?
ReplyDeleteAEP - These guys burn a buttload of coal...
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