Hi Seanote, I've been holding SBUX for a few weeks now. It finally cracked $25, and volume looked good...but today volume thus far only at 900k. Looks like it may be losing steam?! And since I haven't mentioned it before, I've learned alot from this thread. It is the real world example that fits me well and is improving my trading acumen. Thank you much.
I am continuing to hold my long. SBUX is still positive today considering how the indicies are trading which is a strong indicator. Once the market has a positive day I believe SBUX will run. Anytime a stock fights the market, this signals significant strength. I'm looking to get out around 25.50 - 26.50.
I should have stuck to my target on MO and held. This stock is poised for a couple point run. It's up .25 against the DOW> Stong indicator! It may very well be a good opportunity to go long.
Seanote I still have you long MO. Could you tell me when it was sold? Just trying to follow along with your posts..
Moffitt - Thanks for the heads up... I sold yesterday 2,000 @ 53.62 + .10 points Looks like the trade was cut off when I exported my executions. I wish I was still long. I might buy more if MO pulls back some today.
I wish I took some of your calls that I have been reading. I'd be wearing a big smile You are doing really well . Good for all of us that are reading and learning.
I was about to short that damn stock yesterday but was sidetracked into a meeting! That was one expensive ass meeting I attended. Look at the daily chart on this one. This is a perfect example of a stock free falling then head fakes up one day. After that inital head fake you can generally expect a further decline to follow.
You mentioned that csco was still an attractive swing, but that the +.8 in one day with you only up .2 wasn't as desirable. How does your chart look today? Long again is looking attractive.
I do still like CSCO long for a swing trade.... I would buy half your position today then see what happens tomorrow. If CSCO dips again then I would pick up the other half. If the market closed down today tomorrow will be very significant. I don't think we're in a spiral fall but each day is swaying my opinion. If you can hold CSCO for a 2-3 weeks then I would not be as concerned with your entry point. Seanote