Wednesday, June 13, 2007

Buying, Selling, Watching, trying to figure it out...

Objectively sold ABK in the morning after it violated my stop loss, a loss, but an objective one, so I'll take it. I am attempting to be very mechanical in my trading, I think I've been too predictive and not reactive enough. Stocks will go wherever they wish, I just need to ride the winners and dump the losers. Also took a rare afternoon trade in VRTX (see notes below) after it posted a nice engulfing mid-day and satisfied every single criteria I test. Odd to see it did not trade higher in the afternoon with the rest of the market. Still a gamble, but a managable one--presenting at a conference after the close and the PPI tomorrow morning... Sold 3.37044 shrs of ABK @ $86.947 for a net of:

ABK: -$6.95 or -2.32% (this one was objective and with less slippage would've been okay...)

VRTX:

As for my watchlist, have a good number of candidates, but all fit my charting criteria: AGL s, BWS s, HE s, NEWP s, LLY s, MCK s, REGN s, SMP s, LPX s.

As always, I'll post trades if any are made.

Masterjaz out

0 Comments:

Post a Comment

<< Home