I continue to watch the shorts I posted Thursday and have already started a position in a couple of them.
SKF:
Here is a long I will be watching, DGP:
Sunday, November 30, 2008
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Outperforming Averages by 50%
Daily trade journal with market, technical, and fundamental analysis. Complete with stock watch lists that include entry/exit points and a daily update on the rationale behind each position.
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Outperforming Averages by 50%
Recent Trades
Longs
Symbol...Buy......Sell....$ Gain....% Gain
GNK.....12.03....16.98....$4.95.....41.47%
PCX.......6.04......9.00....$2.96......49%
PNX.......2.08......3.35....$1.27......61.06%
CSUN.....2.01....2.98......$.97........48.3%
UYG......3.30.....4.32......$1.02......30.9%
SKF.....135.05....176.5...$41.45....30.69%
DRYS....12.60...19.65....$7.05.....55.55%
STLD.....8.95....11.95.....$3.00.....33.5%
EXM.......9.01...12.70.....$3.69.....40.95%
APWR....5.01.....6.85.....$1.84......36.8%
Shorts
Symbol...Short..Cover..$ Gain...% Gain
SCHN.....27.00...22.75...$4.25.....15.74%
NOV......29.00....23.00..$6.00.....20.69%
SOLF......8.95.....6.80....$2.15.....31.61%
Feel free to e-mail me @ TraderJax@rocketmail.com
Symbol...Buy......Sell....$ Gain....% Gain
GNK.....12.03....16.98....$4.95.....41.47%
PCX.......6.04......9.00....$2.96......49%
PNX.......2.08......3.35....$1.27......61.06%
CSUN.....2.01....2.98......$.97........48.3%
UYG......3.30.....4.32......$1.02......30.9%
SKF.....135.05....176.5...$41.45....30.69%
DRYS....12.60...19.65....$7.05.....55.55%
STLD.....8.95....11.95.....$3.00.....33.5%
EXM.......9.01...12.70.....$3.69.....40.95%
APWR....5.01.....6.85.....$1.84......36.8%
Shorts
Symbol...Short..Cover..$ Gain...% Gain
SCHN.....27.00...22.75...$4.25.....15.74%
NOV......29.00....23.00..$6.00.....20.69%
SOLF......8.95.....6.80....$2.15.....31.61%
Feel free to e-mail me @ TraderJax@rocketmail.com
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4 comments:
I am new to this site, very nice, really like what you have going here!
i have a little tidbit for those who haven't noticed the relationship between uyg and skf , i mean beyond the fact that they are the opposites of the financials (ie, dbl long vs dbl short) to me its the best timing thing i have found in recent weeks, i watch the skf , looking at the charts there have been 7 or so spikes, since we never know when or how high, i just wait for the next spike , when it reaches 180plus i start picking up a little uyg at a time, i pick up a little more every 15$ to the up side of skf, when it seems to peek i do a final larger purchase, WHY? simple , the skf always collapses, at least so far 7 times is a pretty good history. i've done this the last 3 times , and made money. careful though getting too far in at first, the uyg seems to not come back as far as you would expect when the skf does collapse back to the level where the uyg was purchased. also you don't know how high the skf will go , this last time it went 300$ , i figured 240$-260 was all it would do, still came out good. SRS and ure is another set to play this, with the housing and financials still in "the mode" there should be a few more spikes in the future. i know, why not just ride the skf up and short it. for me , i can't short and the uyg , ure move slower so it gives me time to react. anyway just an idea, any helpful feed back is welcome, i am new to trading so if there is something better i am always eager to listen and learn.
One more, actually a couple..lol i see you are looking at a few oil moves, a lot of buzz going on with opec , venezjela and russia etc now seems everyone wanting a turnaround in oil pricing, seems to me oil might be bottoming and slowly move to the upside in the next several months, i am sure eventually it will rise significantly as demand will pick up and the peak oil issue will be a reality no matter how much people cut back, any thoughts? dyy , uso, dig, seem low, but waiting til oil tests it lows again. also i'm a devoted solar fan, made a little the last few days , came across a stock i'm wondering if you know anything about ticker ASYS? again i'm glad i found this site , you seem to like the same sectors i do , but i haven't been at this long, made a lot of costly mistakes, i do know enough to see "now" is a huge opportunity, i'm down on my account but have learn a great deal in the process, would like to start heading in the right direction for a change...lol
HSS,
Glad to see you at the site. A lot to answer and I will try to get back to you before the open morning when I have a little more time with the questions. I will say I do think the long-term picture for oil is strong, just think some of these individual oil stocks are going to rollover here in the short-term against big moves and a lot of resistance. OPEC has been unable to do anything to change the path of oil as is rose to $150 and be incapable of doing anything as fell back to $50. I expect the trend to continue. If it doesn't these are low risk spots and I will cut my losses. Everyone that has been following my site recently knows that I have been keeping my trades in very short time frames so that is what I am looking for in those shorts. Hopefully a day or two swing trade but I will lock in profits as the market permits.
I'll get back to your other questions later. Welcome to the site and thanks for the input!
Hss,
I do look a both ETFs and get out of one to buy the other. I was long UYG a few days ago. I basically just use the other to more clearly define Resistance and Support Levels, as they will all effect the price of the underlying securities.
I like to trade solars because they are basically doubly blessed or cursed at any point in the current market, making for big moves. I used to like to trade them when the oil and the Nasdaq traded almost inversely and the solars seemed to benefit either way. Now everything moves together. Obviously if I am shorting oil stocks I don't like solars in the near term. ASYS has made a "V"ish type bounce into some resistance and I would have sold there last week when I took my gains in the rest of my solars. I wouldn't short ASYS though it would probably work just because I like the 50 dma for added Resistance and an easy stop loss point.
Good Luck!
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