Gordon Gekko says Greed is Good. He forgot to say that it doesn’t apply to traders! JV is right. If you are up over 1$/share, you should cover. Yesterday, I was up by 384$ (1.28$/share) on my OPTR position. And here’s how I screwed it up today. Well, from 384$ profit to 68$ profit. Anyway, [...]
Greed is not good ™.
November 13th, 2008 · 3 Comments · General
Watches for 13th November
November 13th, 2008 · 2 Comments · General
What an amazing slide in the market today. StockFetcher tells me that there were 2150 stocks which hit their 52 week low! I think there are bound to be some good bounce plays in that. But these days, I don’t really like LONG setups, so I did not bother going through that list. Anyway, here [...]
Another Winner.
November 13th, 2008 · 3 Comments · General
Before I tell you about the winner, let me tell you how my overnight positions did. As expected, BGS cracked down finally. Here’s how it happened. I think this was a very poor trade on my part. I got out because I got bored. Yes, you read that right. BGS was hovering at 4.52, the [...]
Watches for 12th November
November 12th, 2008 · 5 Comments · General
As I earlier, I will try to come up with my watch list and the expected prices. Steve and Matty left a comment saying that you can’t decide exact entry price/exit price etc. I agree. What I meant to write in that post was what would be my approximate entry, exit and stop price. E.g. [...]
More losers..
November 12th, 2008 · No Comments · General
Well, it was a very tough day for me today. Today, I was at my computer at around 8 and started looking at potential plays for the day. Once again, I was glancing at Adam’s watch list and I liked two stocks. MYL and BGS. Here’s why I liked MYL. MYL was moving up for [...]