Back home again – everything all the files on the site are back up to date. Have a lovely new year!
Month to Date:
My ports: 2.15%
Brokerage: -0.15%
BBE Overall: 0.21%
% of Trading Targets reached: 33.35%
I’m screwed ratio: 2.5 to 49.2
Long to Cash %s: 63.02% to 36.98%
Missed a lot of the action today getting ready to jet out of town.
I’ll try to keep things as up to date as possible, but if I can’t – have a wonderful Christmas and holidays!!!!!
Closed:
[a] JNPR, +3.36%, held overnight
[b] EMC, +2.42%, held overnight
Month to Date:
My ports: 1.41%
Brokerage: -2.29%
BBE Overall: -0.48%
% of Trading Targets reached: 5.15%
I’m screwed ratio: 3.3 to 16.9
Long to Cash %s: 70.60% to 29.40%
~~~~~~
[a] 3×2
[b] AAP
The market is on it’s lows for the day and you can’t stop moaning about how “the little guy gets killed in this game.”
You lose money on a stock that you took a blind recommendation on, did no research, and now you blame the person that gave you the idea in the first place.
The market comes a bit off it’s highs for the day and you despair that the Santa Claus Rally has been lost.
You decide that because you suck at the game, everyone else must as well, so you flood message boards with posts to “protect” other people from listening to a particular analyst, commentator, researcher, reporter…
You declare that every market downturn is some sort of conspiracy by the hedge funds/the fed/the big brokerage houses/China.
You cannot comprehend that a speculative stock is just that – speculative.
If one of your holdings goes down and you sell with a loss, researching to figure out what went wrong and incorporating that information into future research never enters your mind – you just want to know who to blame.
If any of this looks familiar, do yourself a favor and start scaling into an index fund, or get a full time money manager – this ain’t the game for you.
Market was all over the place today – from ooh, rally! to WE’RE ALL GONNA DIE! back to, ooh, rally! We’re getting into holiday volume, so things are going to be a little more volatile, plus throw in options expiration this week and we’re gonna have some fun.
Yes, you are reading the 8% hit from the managed money in the brokerage account correctly. It’s not quite as bad as it looks – distributions are today, but I don’t have the final numbers on them, so all I have is the kick in the teeth for the moment, in the next couple days I should have the distribution amounts. Still ugly, tho, even if it is just temporary.
Couple good issues came up on the 3×2 for tomorrow – I’m debating whether or not to go ahead and go for it. Not knowing how much access I’ll have while on holiday is really the issue. Granted, I’ll have limit orders in on everything to auto-execute, but well, you know how it is.
Opened:
[a] GOOG, EXPE, JNPR
2 AAP picks
Month to Date:
My ports: 1.17%
Brokerage: -8.08%
BBE Overall: -2.51%
% of Trading Targets reached: -42.19%
I’m screwed ratio: 4.5 to 14.0
Long to Cash %s: 81.35% to 18.65%
~~~
[a] 3×2
Great job there, Fed. I know you’re concerned about inflation, but you’re making it worse cause I have less to spend and everything is getting more expensive. Merry Christmas to you too!
Upside to the day, got an entry point at the end of the day for SPY for the long term side of the port. (Note to Mr Buffet – sorry for ruining BRK.B by adding to the long term port. Happens with everything over there.) Also have several issues that screened on the 3×2.
Leaving in 3 days – not quite sure how I’m going to handle this, but I will have internet access and will try to keep things as up to date as possible.
Opened:
Gtrades pick
Some additions to existing positions.
Month to Date:
My ports: 0.57%
Brokerage: -2.89%
BBE Overall: -1.11%
% of Trading Targets reached: -12.77%
I’m screwed ratio: 4.4 to 14.1
Long to Cash %s: 59.27% to 40.73%
Another “meh” day – more inflation data that the market didn’t like, on top of lower volumes – seems the trading world is headed out for the holidays. Myself, I’ll be here through next Wednesday, then it will be quick check-in’s at who knows what hours.
(Sorry, got distracted and didn’t post this Friday night!)
Closed:
[a] RYAAY, +2.54%, in/out
[b] STJ, +2.7%, held 3 days
Month to Date:
My ports: 1.64%
Brokerage: -0.93%
BBE Overall: 0.52%
% of Trading Targets reached: 19.06%
I’m screwed ratio: 2.7 to 44.6
Long to Cash %s: 46.21% to 53.79%
~~~~~
[a] 3×2
[b] AAP
Started down and stayed rangebound pretty much all day – good retail numbers couldn’t make up for the nasty inflation news. Oh, and apparently baseball players have been using steroids.
Port ended slightly up for the day, which I’ll take.
More inflation numbers tomorrow – maybe those will be a touch better than today, but I won’t hold my breath. Hey, pullbacks mean buying opportunities.
Closed:
[a] RIMM, +2.44%, held overnight
[b] SGP, +2.70%, in/out
Month to Date:
My ports: 1.84%
Brokerage: 0.36%
BBE Overall: 1.16%
% of Trading Targets reached: 32.50%
I’m screwed ratio: 2.5 to 49.2
Long to Cash %s: 48.88% to 51.12%
~~~~~~
[a] 3×2
[b] AAP
Well, we have another Fed engineered liquidity thing happening, which was well received for a while, then folks realized it wasn’t going to really change a thing, then decided might as well buy on the afternoon dip – in short, market schizophrenia today. The Fed is doing a great job of keeping that volatility in check! Yeah, sure, not technically their job to “control” it, but do they have to actively contribute to it?
Finally got an entry point on BRK.B for the long term side of the port. (Which should ensure that it never goes up again.)
Opened:
[a] RIMM
AAP Pick
Closed:
[b] ADCT, +2.7%, in/out
Month to Date:
My ports: 1.75%
Brokerage: 1.32%
BBE Overall: 1.44%
% of Trading Targets reached: 38.37%
I’m screwed ratio: 2.4 to 49.2
Long to Cash %s: 49.30% to 50.70%
~~~~
[a] 3×2
[b] EW
Maybe not so much the numbers themselves, but the language sure didn’t leave anyone feeling like the Fed gives a rat’s ass about a potential recession.
The port didn’t take too hard of a hit today – I was very heavy cash going in, and the two positions I closed today were before the Fed announcement, so I had less long to get whacked when the announcement came out. I’d rather be lucky than good, but I really felt like the market was expecting too much from the Fed, which is why I haven’t opened anything new in the past couple days. Nice to be right, though.
And I’ve got cash and I’m looking at this as buying opportunities.
Closed:
[a] BIIB, +4.95%, held 9 days
[a] HP, +7.04%, held 6 days – the target exit on this was $38, I bailed at 37.90 before the Fed announcement. Couldn’t stomach the idea of giving those gains away (especially since I was so close to the exit as it was) if the market reaction was bad – bird in the hand and all that – and I’m glad I did.
Month to Date:
My ports: 1.40%
Brokerage: 0.73%
BBE Overall: 1.03%
% of Trading Targets reached: 28.49%
I’m screwed ratio: 2.6 to 30.9
Long to Cash %s: 32.35% to 67.65%
~~~
[a] GTrades picks
and at this very moment, the market ain’t liking it – but the first 5 minutes are always the ugliest.
Should all be shaken out by the time I get back from the vet.
