Tuesday, October 17, 2006

Pre-open 10-18-2006...

I needed yesterday, a down day now and then really helps overextended markets like the current one. Sure, I lost a little on MCSS as it traded down before I could sell, but it was still up overall and I held it for over a week. I needed out! Also, it is important to remember that I am working on a system, and had I not been restricted by trading windows, I could've got out sooner based on my pre-determined stop loss. It would have save a percent or so...

I sold 3.95596 shrs at $19.747 for the following total profit:

MCSS: +$6.95 or +4.65%

As for tomorrow, I did find 8 charts out of 154 download that looked good. One thing I can say I am proud of is HCR. I am including it in my watch list although it took me for a loss last week. That was last week and this is now. I never play shoulda, woulda, coulda with the markets. Every day is new. Also, BPOP, also in the list, took me to the dump in my Roth IRA long-term holdings due to their earnings release. Still, if I can double up on the way back using my strategy, even better!

Watch List: MNT, PAS, BPOP, CL, HWAY, VECO, SFD, HCR.

Well, enough waxing poetic, let us see what the new day brings,

Masterjaz out

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