Still holding HOS, MDR, and NE. No razzle dazzle moves yet. bought MCF, 1000 shares at $ 2.51 and looking at MINI. I set a buy stop order at $37.10 so if it takes another hike up, I got it, and if it peters out I don't lose my stop amount. 10% gain yesterday but not sure it will do good things today or not. I am only going 100 shares. bought 500 shares PRPO. GF sleeping late so I guess I gotta go make my own cappuccino. Sometimes my life is so unfair. LOL
And the star of today's show... TVIX!!! Wow it spiked up over a dollar in one 5 minute bar. TQQQ got crunched. Meanwhile I got stopped out all over the board but TEVA at least never went below 9EMA. I am thinking that TEVA is strong enough to keep going up for a while.Volume isn't what it could be, but it has lots of room to go before it approaches historical highs. This has always been a pretty strong pharm stock. I am holding 1000 possibly over the weekend. Gotta check for news on the company on this one. It is just breaking $7 again. I wish we had a President who didn't do twitter. Trading would be so much easier. I know that's gotta be what happened... The Donald picked up his phone and thumbed something stoopid into it again. Doesn't he realize other people can read what he tweets?
Our favorite burrito joint is back at $840. This time however, you want to take it long for a short term play. Its gonna break out to the upside. Go 50 shares but close before EOD.
Thanks Van. I wasn't going to trade today due to other pressing matters but maybe I will have a go at that one. I noticed yesterday that it has been showing a touch of bullishness, up 2% yesterday. Right now CMG is in a pretty solid looking down trend. Maybe it will find support at $834, but I am thinking it will keep going down a bit more, with the market. Oh, there it went, just made a new low and it is still going down. You think it will make a strong reverse? I am only seeing it headed for the grass. My three pet oil stocks look terrible this morning after a nice looking open. Well, actually it looks like MDR is headed back up. TQQQ is down, TVIX is up, and I am down over $1k for the day so far. One of those days. I got lots of stuff I need to do today, anyway.
Ah. Now TQQQ had bottomed, TVIX has topped. HOS leaped up almost a dime, now if NE and MDR will follow suit... Okay I am in for 10 shares CMG with a trailing stop. I see it twitching up. in at $833.
Maybe my three oil stocks are finally turning around. I had the right idea, that oil was depressed and had lots of room to go back up and that the time was nigh, but I misread the price, thinking it was at or near the bottom. It wasn't. These stocks refused to follow my logic, and slid down down down. I was down $6400 at one point on those three positions. I am still looking for the price to more than double over the coming 6 months from my purchase price. For right now I just want them to go back up $2k or so, so I can trade again without having to raid something else to replenish my trading account. I have cash for trading, but I am PDT'ed and I already used up my reset. TOO was a bad idea and I have a close stop under it, and if it just goes up 2 or 3 cents over my purchase price I will bail. I don't think it is going to show me anything. The market is looking very trader-friendly right now but I can't do anything about it today. If I had not drew off a large sum for boat stuff, I would be a lot closer to being able to trade again, and might would be back in action tomorrow. As it is, optimistically I am looking at a week I think. Anyway I am going to hang tough and not chicken out. I think I am in a good bet, I just picked a really really bad entry. If I had waited, and bought last Friday, I would already be well into the green and I would be trading as usual.
Premarket my three oil stocks fell a good bit this morning but picked back up after the bell, led by MDR. At 1107 NY time I am +$256 for the morning, with a lot of up and down. My $6500 unrealized loss on the portfolio in this trade has now fallen to $5600 and while I expect fits and starts with the market, I think everything is on the way up. Thinking about transferring $1500 from my checking account into my IB account so I can start trading again. I will see what it looks like at the close today. I am tired of looking at that stupid TOO in my portfolio. Out, for a $7 loss, freeing up over $750 that was just sitting there not even getting interest. Hasta la vista, baby. Move it or lose it. Note to myself... make SURE a stock is at the bottom before buying it as an undervalued sleeper. I would already be up $1100 on the three positions if I had bought at the low. Of course you can't really be "sure", but I bought with enthusiasm instead of patience. Watching ACAD lately. Up 4% today, in a smooth trend.
Well now. Looks like there is some interest in MDR. MDR is really pulling its weight for me today. Up $501 so far for the day but it is bouncing around a lot. I hope to finish the day $600 up. A few more days and I will be a trader again.
Stupid market. down $159. TVIX is up over $16, TQQQ is down around $58. Well, at least the market got beat up more than my stocks. That is a good sign. But I was really getting to like passing by my office and looking in at the P&L today. Well, today is supposed to be a brew day so I think I will brew some ale and fix GF's driver side car window. Either that, or drink beer.