Well waking up from the bottle of Scotch I polished off with pals and my Finacial Advisor yesterday evening.....Sorry for not being around, but when I woke up yesterday, around 7:00 am EST, checked out how Asia did....crossed over to Europe (wasn't bad yet), but looked weak....and then those DOW FUTURES on the screen....down 40-45...I was like "well lets wake him up"(my CFA)...He wasn't very happy, but told me to come in to the office around 8:00....We have been good friends for quite some time....Sat around set up a whole bunch of trades (mostly sells) and got ready to take a punishment...He saw what I did yesterday selling BITS before earnings and was like "you idiot"....As we watched it open like 25% up....Fixed that right away and loaded up at $7.40 ---sold 3/4 of new position near the close..So really didn't miss the whole move... Did a little Day trade on TMM and AX ....Selling early in the green and picking it up down 12%( on TMM)...Sold half position on monday before earnings as well for TMM...(Volatile stock but was a very large position for me that I was up nicely on...No need to be piggish and it worked out beautifully.. Increased income trust position's DMLP and HTE. Chasing momentum on CTCH, MBAY, SIL, QDEL Bought back ACH (still believe in CHINA basic materials) Copper bottoming ---I increased TGB and NEM Bought MTN ---Since I'm going soon and it's just the best dam leisure stock I know of for Rich old Farts..( That's VAIL Mountain) Needless to say..We were dumping some stock and picked up a nice chunk of GLD..did some bottom fishing on Oil Service like CDIS (before earnings)and NBR, GW, EOG, VPHM, and even KG to dollar cost for the year.. Sell list is on EXCEL sheet (Just alot of position reducing not out right sells, except on ICE, NEU, BIDU closed position in these) Easily I mean easily could of been 100K loss yesterday, but managed to keep portfolio right at were it was 3 trading days ago and increased my CASH and GOLD position... PS.. when GOOGLE did what it did yesterday you should of heard the phones start ringing at UBS...My CFA basically said he had a few panic sellers on the phone yesterday and told me a story that well...ahhhh shouldn't post it... At home today, will be here all day, I will be posting today...Going to hit the research and Thank heavens for CHINA and INDIA keeping Asia balanced...Europe rebounding so far but its early... Sorry So Long... $CostAverageMAN
A bottle ? Jeeze..... Kepp up the excellent journal, I am learning a lot. I look at your picks and try to see why. I'm starting to make sense of it... THX
Not much going on here...just watching at the moment// BOUGHT MGNU@2.84 Momentum stocks from yesterday mixed.... some moving nicely!!! MBAY+19%, CTCH+5%,
Screen Very Very green, but seing some key reversals little bothersome...Well you can say this much Volatility is back...Should be playing some VEGA strategies with the index options...But kind of gave that game up.. Up more than 4+% CWPC, CENX, MGNU, CDIS(8.5%), MBAY(20%), IBN(love the large banks being up), ASYT, PEIX, INTN, SOHU, VPHM, OS(9%), JOYG (10%), NMKT(13%), XSNX(9%), VOL, CSTR, TTM, CTCH, ATI, RTI, ENER, ISO, Down over 4% CHNR, ARII, ERI GOOD DAY SO FAR, bout 80% in the green. $CostAverageMAN
IIIN This steel company never falters, keep waiting for a pull back and it never comes..I own it one day just keep watching
CTCH Really moving on good volume for this 1 dollar stock...They have a great spyware and antivirus program called "Zero Hour Protection", works amazingly well with asia type virus(yea I didn't know their was a difference, but this is why they have gotten a bunch of korea contracts from big business over there) 5 DAY chart (just letting everyone know little about it)
I wish the Market would just close at 3:00 today...Really craving some King Crab and a cold New Castle......Not that classy of a combination, but dam it's good....If we close at these levels it's worth celebrating.....Russell 741///S&p 1290///Nasdaq 2312 Got piggish on MBAY today, but I'm thiinking of letting it ride for a few....Still up over 20% in 24 hours...Just day traders moving this thing...I see no fundamental reason for any of this