I had bought 250 shares of ABK @ 3.68$ on the day bailout passed. Since then, stock has done nothing but move down. Monday, I had booked major losses but I was holding on to ABK because I thought that ABK will recover and I should be able to get my money back if not [...]
Patience Paid Up
October 17th, 2008 · 3 Comments · General
Tags:abk
Introducing Co-relation Calculator
October 13th, 2008 · 7 Comments · General
NOTE: This was the first release of Co-Relation calculator. You can always find the latest version of this tool on this page. For quite some time now, JV has been looking for a way to relate a stock with an index. What he wants to know is how does stock A move corresponding to an [...]
Tags:abk·calculator·corelation·djx
Screwed up. Completely.
October 8th, 2008 · 4 Comments · General
Well, today is my 4th trading day and I think I screwed up COMPLETELY. I was holding two stocks from last time. CSK – Not much movement. Opened at .20 closed at 0.15 Down by 16$. ABK – Here’s where I screwed up bigtime. My entry price is 3.68. ABK was hovering around 3$ with [...]
Standing on the side
October 6th, 2008 · 3 Comments · General
They say that standing on the side and not trading is one difficult thing for a trader. And that’s what I did today! Last Friday, I thought that once the bailout will pass, market will rally on Monday and so will ABK and it will make me rich. Guess what? Today, market tanked and so [...]
Second Trading Day
October 5th, 2008 · 3 Comments · General
Yesterday, I had messed up by doing too big a trade. I was hoping to correct that mistake today. I was watching ABK closely to get out of it as soon as I can. ABK gaped open nicely and slowly but steadily kept climbing. One thing I did was I sold 300 shares of ABK [...]