Any stock traders out there?

[25psi_Elise_Killer]

Originally Posted by snuggles1

I know the AMGN chrt well. Obviously in an uptrend; I prefer tight, well-formed bases is all. I see > 300 chrts a day and only play2 or 3 or 4. Picky picky!

If you find anything interesting, don't be shy and share with us :P

[rraicu]

anyone into convertible bond funds?

[25psi_Elise_Killer]

i used to trade converts about 4 yrs ago at a broker/dealer.

[snuggles1]

Originally Posted by 25psi_Elise_Killer

If you find anything interesting, don't be shy and share with us :P

umm, well i said that LEH met the "cnbc bottom" test (that was an easy winner), and i just mentioned MDCO! (just met my screen today, so early there)

[25psi_Elise_Killer]

Originally Posted by snuggles1

I know the AMGN chrt well. Obviously in an uptrend; I prefer tight, well-formed bases is all. I see > 300 chrts a day and only play2 or 3 or 4. Picky picky!

AMGN just shot up 10% afterhours

Ok,now its up 15%

[rraicu]

Good week everyone. Have a better weekend.

[25psi_Elise_Killer]

Filled Sell Short 500 LEH Limit 13.10

[rraicu]

target? 9?

[street_carp]

Solar/alternative fuel stocks going wild today.

[rraicu]

financials going crazy for months. ;-)

[street_carp]

Originally Posted by rraicu

financials going crazy for months. ;-)

Don't remind me. They're why if I break even this year I will be happy.

[snuggles1]

Originally Posted by 25psi_Elise_Killer

Filled Sell Short 500 LEH Limit 13.10

+9% here pre-market...I guess you'll get stopped out 25PSI?

At the open: +14%

[25psi_Elise_Killer]

Originally Posted by snuggles1

+9% here pre-market...I guess you'll get stopped out 25PSI?

At the open: +14%

Doh...Time to place a buy stop limit at $18

[snuggles1]

Originally Posted by 25psi_Elise_Killer

Doh...Time to place a buy stop limit at $18

your threshold for pain is MUCHHHH larger than mine. I cant lose 35% on a name...but of course this is how I pay my bills so that's prob the difference.

[25psi_Elise_Killer]

Originally Posted by snuggles1

your threshold for pain is MUCHHHH larger than mine. I cant lose 35% on a name...but of course this is how I pay my bills so that's prob the difference.

I was going to set it a little lower between 16-17, but i wanted more "wiggle" room and left a buy stop at 18

[25psi_Elise_Killer]

Oh, Checkout MA-Mastercard. Looks tasty if it trades above $250, currently its at $241

[snuggles1]

Originally Posted by 25psi_Elise_Killer

Oh, Checkout MA-Mastercard. Looks tasty if it trades above $250, currently its at $241

ouch, not my brand of car wax there. MA is a short anyway i look at it. I can't pay for my Lotus with "if"

There are far easier balls to swing at; why make it harder than it needs to be? That POS gapped down on huge volume at the beginning of the month.

For longs I have to find names with no recent overhead, say AFCE, AMZN, PLCE, TISI, FCN, ONXX or RAVN would fit that description. So does your AMGN. MA does not.

[25psi_Elise_Killer]

cool, i'll check those out a lil later. gotta run out and do some errands soon.

[Andrikos]

SRS and SKF FTW!

Besides ultrashorting financials and Real Estate, I'm going long PBR, RIG, RIO, POT, CHK, FPL.

I'm looking to go long GE @ $26 among others.
Any other nice sectors to short?

[snuggles1]

Originally Posted by Andrikos

SRS and SKF FTW!

Besides ultrashorting financials and Real Estate, I'm going long PBR, RIG, RIO, POT, CHK, FPL.

I'm looking to go long GE @ $26 among others.
Any other nice sectors to short?

Went thru all these chrts. Good luck with those.

You'd really buy GE at $26?? Meaning it would have to make a recent low, and then you'd pull the trigger? That really works? Have you ever heard the expression: "catch a falling knife?"

Here's a hint: you want to be LONG stocks that are going up. You want to be SHORT stocks are declining. It's your job to determine which way they are going BEFORE you make a position. Once you understand which direction (it's not as easy as it sound... fundie types like JJC just continue to screw this obvious statement up), it's just a matter of portfolio allocation and tactics. To wit: How many names can u track? what % of equity is each name? what are your profit and loss % targets? what are your working capital needs? etc.

After you close out some names (winners and losers) go back to your original rationale and entry point(s) and see what you did right and wrong. As you learn your way around the track, your win rate will increase, and your screen will tighten. If your screen doesn't tighten, then you're wasting time and equity. It has to.

Stating all this rarely matters. People assume there's some secret when it's all fairly obvious: determine the direction before you enter and remember that the first loss is the best loss (someone on this board is still waiting for C to get back to $30. He/she didn't use that last part.)