Maybe we’re not looking down the barrel of Crash 2.0 after all.
Opened: GTrades pick
Month to Date:
My ports: 3.8%
Brokerage: 2.2%
BBE Overall: 2.6%
S&P 2.7%
% of Targets reached: 56.1%
I’m screwed ratio: 47.1 to 1.7
But the confirmation came a touch too late to make the markets happy. Maybe tomorrow? Hopefully happy?? Could we just please have a GIANT bounceback so we can finish January in the positive? Pretty please?
Sold: HTLD, -10%, held 18 days
Bought: GTrades pick
Month to Date:
My ports: -9.8%
Brokerage: -3.4%
BBE Overall: -5.6%
S&P -2.7%
% of Targets reached: -138.6%
I’m screwed ratio: 47.1 to 1.7
And no more “we’re going to have a Crash 2.0″ nonsense today.
AND OMG APPLE iPAD!!!!!!! iPad? Really Apple? Did you do any research on the name? Still, looks pretty shiny.
Nothing opened or closed.
Month to Date:
My ports: -9.9%
Brokerage: -2.4%
BBE Overall: -4.9%
S&P -1.6%
% of Targets reached: -122.6%
I’m screwed ratio: 47.1 to 1.7
Of course, MY ports are sucking wind.
Sold: BIO, -10.2%, held 12 days
Month to Date:
My ports: -10.8%
Brokerage: -1.8%
BBE Overall: -4.8%
S&P -1.6%
% of Targets reached: -121.1%
I’m screwed ratio: 47.1 to 1.7
But a round of buying at the end of the day gave us a bit of a pop. (I still don’t think lowered consumer credit is a bad thing, but that’s just me.)
Pretty nice week overall, though!
Opened 2 Gtrades picks
Month to Date:
My ports: 1.1%
Brokerage: 2.6%
BBE Overall: 2.1%
S&P 2.7%
% of Targets reached: 52.4%
I’m screwed ratio: 1.2 to 47.1
And another day I don’t have a ton of info on, because we had a power outage today…
Nothing bought or sold.
Month to Date:
My ports: 1.3%
Brokerage: 2.1%
BBE Overall: 1.8%
S&P 2.4%
% of Targets reached: 45.9%
I’m screwed ratio: 1.3 to
Bonds didn’t seem to quite like the Fed minutes, but not a big ugly reaction in equities overall. I’ll take slightly up over down any day.
Nothing opened or closed.
Month to Date:
My ports: 1.2%
Brokerage: 2.2%
BBE Overall: 1.8%
S&P 2.0%
% of Targets reached: 45.9%
I’m screwed ratio: 1.1 to 47.1
Didn’t look so good there for a while, but the day ended up OK.
Closed: UNFI, +8.4%, held 26 days
Opened: 3 GTrades picks
Month to Date:
My ports: 1.1%
Brokerage: 2.0%
BBE Overall: 1.7%
S&P 1.9%
% of Targets reached: 42.3%
I’m screwed ratio: 0.9 to 47.1
Hard to reconcile the market not liking the AIG bridge loan and then LOVING the no-shorts-in-London rules and the possibility of an RTC solution not 24 hours later. It’s all government intervention on way or another.
Granted, a lot of it was fueled by short covering, but I also don’t have a problem with some of these shorts getting shaken out of the market. I do not have a problem with shorting stocks in general. However, I do think naked shorting is terrible and I do believe that there are those out there that are driving stocks and companies to their death with shorting & rumor-mongering.
The biggest test of today’s rally will be if it holds tomorrow.
While I am not the biggest fan of the government getting in and mucking around with things, I recognize the need for rational and reasonable regulation. The problem is, most regulations seem to only come about in a panic and don’t end up really doing much good. To me, SOX is a good example – while it’s done a great job increasing anti-ulcer medications for accountants, it certainly hasn’t prevented where we are today.
So, I am sure that we’re going to see a bunch of new rules and regs coming out of this – what I HOPE is that they are short-term to give the government the time to rationally and calmly come up with permanent regulations that will actually be effective.
Opened: 3 GTrades picks, 2 long, 1 short, all with protective puts/calls in place. Downside limits ranging from 2.29% to 3.56%
Month to Date:
My ports: -10.65%
Brokerage: -9.32%
BBE Overall: -10.23%
S&P -6.77%
% of Trading Targets reached: -317.22%
I’m screwed ratio: 48.4 to 4.6
Long to Cash %s: 110.80% to -10.80%
And IndyMac went down this evening…
Off to the beach on Sunday, will try to keep things updated but can’t make any guarantees! :)
Opened:
2 GTrades picks
Month to Date:
My ports: -1.62%
Brokerage: -3.97%
BBE Overall: -2.39%
S&P -3.21%
% of Trading Targets reached: -73.51%
I’m screwed ratio: 48.6 to 5.5
Long to Cash %s: 39.82% to 60.18%
