Monday, April 7, 2008
Sold all shares TWM at 75.09
Gave up. Now it would be more sick if the Dow decided to drop 300 points from here.
Thursday, April 3, 2008
Wednesday, April 2, 2008
While you were asleep, RIMM and others were up in past 10 days
RIMM reported its 4th qtr earnings and the after hours action is positive, up 3.75. The stock has move from around 104 ten days ago to its 121 quote just before 5pm EST.
Pretty sad, when you're missing these types of moves.
The S&P tested the 1360 support level and held as its the most recent high on a ten day chart. If the buyers have the firepower, it looks like they want to take out that 1400 level depending on the Jobs report on Friday. What I'm hoping for is a sick job report that crushes these up moves; otherwise, 1400 is a foregone conclusion and I'll look at massive losses.
I don't expect much action Thursday even with the RIMM move. I'm thinking the S&P stalls around 1380 for tomorrow. But then again, its been a bad two days for you, so until you are right, you are dead wrong and paying for it.
Pretty sad, when you're missing these types of moves.
The S&P tested the 1360 support level and held as its the most recent high on a ten day chart. If the buyers have the firepower, it looks like they want to take out that 1400 level depending on the Jobs report on Friday. What I'm hoping for is a sick job report that crushes these up moves; otherwise, 1400 is a foregone conclusion and I'll look at massive losses.
I don't expect much action Thursday even with the RIMM move. I'm thinking the S&P stalls around 1380 for tomorrow. But then again, its been a bad two days for you, so until you are right, you are dead wrong and paying for it.
Douche trade of the quarter after yesterday
With the markets up 3% on April 1 of all days. That 200 share probe has turned into a $1300 tuition lesson. It shows you how a small probe position can eat up almost .8% of your net worth if you bet in the wrong direction.
This is the negative thing of letting the ego get in the way, as wanting to be right wasn't the best play.
Since this is the second straight quarter I've had a bad trade on the final day of an ending quarter, I should avoid making new trades on 12/31, 3/31, 6/30, and 9/30, until I get my head straight.
Now we're in the position of managing this bad trade, whereas simply holding earlier trades such as AAPL, and X , or even SID would have yielded decent gains.
First off, ignore all the news and Bernanke. Even though you are irritated at that douche and the market reaction, all that matters is what's happening right now.
I'm pretty sure you're looking at taking a chance at doubling down on that TWM position because you don't believe yesterday's 3% up move. 99% of the time, I would NEVER do this after watching a position plunge 8% in 1 1/2 days. Anyway since I'm on semi-tilt, don't be surprised if my next post is buy 300 shares of TWM.
YTD -5.40%
This is the negative thing of letting the ego get in the way, as wanting to be right wasn't the best play.
Since this is the second straight quarter I've had a bad trade on the final day of an ending quarter, I should avoid making new trades on 12/31, 3/31, 6/30, and 9/30, until I get my head straight.
Now we're in the position of managing this bad trade, whereas simply holding earlier trades such as AAPL, and X , or even SID would have yielded decent gains.
First off, ignore all the news and Bernanke. Even though you are irritated at that douche and the market reaction, all that matters is what's happening right now.
I'm pretty sure you're looking at taking a chance at doubling down on that TWM position because you don't believe yesterday's 3% up move. 99% of the time, I would NEVER do this after watching a position plunge 8% in 1 1/2 days. Anyway since I'm on semi-tilt, don't be surprised if my next post is buy 300 shares of TWM.
YTD -5.40%
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