Wave Chasing

I would have expected more volume today given it’s the end of the month and the quarter, but I obviously expected wrong!

Tomorrow starts off a shiny new month.  Though we didn’t quite beat the S&P for the month, not too bad.  Still ahead of the S&P since 11/1/07.

Opened:
AMZN (3×2)

Month to Date:
My ports: -1.67%
Brokerage: -1.41%
BBE Overall: -4.49%
S&P -1.29%
% of Trading Targets reached: -53.26%
I’m screwed ratio: 48.9 to 5.2
Long to Cash %s: 72.28% to 27.72%

Really, just kind of “meh” – guess we’re way too used to all the volatility!

Closed:
RSTI, +3.61%, held 16 days. (Not at GTrades target, but beyond my own target and you don’t get a 5%+ up day that often.)
CBH, +3.09%, held 16 days (short)

Month to Date:
My ports: -2.05%
Brokerage: -1.64%
BBE Overall: -4.69%
S&P -1.64%
% of Trading Targets reached: -63.96%
I’m screwed ratio: 48.9 to 5.3
Long to Cash %s: 66.60% to 33.40%

Is finally back!  ——>>>>

Futures are looking good,  Asian markets on the upside, and if nothing horrible or stupid happens in Europe, we could have a pretty decent open tomorrow.

Maybe the consumer sentiment numbers will come in decently and we could end the week on a positive note.

Not holding my breath, but wouldn’t it be nice? :)

Well, at least kind of boring for me.

Opened 2 GTrades picks, added to 2 existing picks.

Month to Date:
My ports: -2.19%
Brokerage: -1.37%
BBE Overall: -4.31%
S&P -0.69%
% of Trading Targets reached: -64.76%
I’m screwed ratio: 48.9 to 5.3
Long to Cash %s: 65.81% to 34.19%

Relatively boring day today, nothing open or closed.

Month to Date:
My ports: -1.51%
Brokerage: -0.64%
BBE Overall: -3.51%
S&P -0.37%
% of Trading Targets reached: -40.95%
I’m screwed ratio: 48.9 to 5.3
Long to Cash %s: 55.34% to 44.66%

Another nice day.

Closed: IIVI, +6.46%, held 9 days. (Not quite at target, but I see no reason to give these gains away tomorrow.)

Added to one GTrades position.

Month to Date:
My ports: -1.19%
Brokerage: -0.65%
BBE Overall: -3.28%
S&P 0.86%
% of Trading Targets reached: -33.48%
I’m screwed ratio: 48.9 to 5.3
Long to Cash %s: 55.48% to 44.52%

Nice day on the increased bid for BSC.

Closed:
AAP (short) -8.74%, held 5 days (stopped out)
BKC +5.21% (incl div), held 13 days

Opened 2 GTrades picks

Month to Date:
My ports: -1.56%
Brokerage: -1.74%
BBE Overall: -3.80%
S&P 0.76%
% of Trading Targets reached: -53.67%
I’m screwed ratio: 48.9 to 5.4
Long to Cash %s: 63.28% to 36.72%

Despite the CIT debacle (how long after someone said “The worst is past?”) a pretty good day. Very mixed for the port, though – my longs should have been shorts and vice versa. 10 issues up, 7 down.

Added to 1 GTrades pick.

Have a great weekend and GO PATRIOTS!!!!!!!!!!!!!

Month to Date:
My ports: -2.33%
Brokerage: -3.55%
BBE Overall: -4.77%
S&P -1.13%
% of Trading Targets reached: -90.48%
I’m screwed ratio: 48.9 to 5.2
Long to Cash %s: 49.46% to 50.54%

Not surprising that we couldn’t sustain yesterday’s rally. More rumors of more writedowns. For every piece of good news, there is another piece of bad news to keep things crappy.  The good news is that the 3 short positions I had did somewhat mitigate the damage to the port.

Opened 1 GTrades pick this morning, nothing closed.

Month to Date:
My ports: -2.36%
Brokerage: -4.80%
BBE Overall: -5.15%
S&P -2.53%
% of Trading Targets reached: -104.68%
I’m screwed ratio: 48.9 to 5.2
Long to Cash %s: 51.64% to 48.36%