Archive for December, 2007

Pinoytrader’s awesome trade in NETSUITE INC. (N)

Saturday, December 22nd, 2007

From Johnson’s recommendation on wallstreak on Thursday, pinoytrader made a nice trade on N yesterday:
N
We are lucky to have such awesome traders like these guys sharing their ideas on wallstreak.

Johnson’s wallstreak page
Pinoytrader’s wallstreak page

Resveratrol: Subtle, but Undeniable

Saturday, December 22nd, 2007

On the chemistryworldblog, there is a post by a reader about resveratrol. It sounds almost identical to my experience:

…after two weeks the results were subtle but undeniable. He said that he had more energy during the day, was more alert throughout the day and was sleeping less but waking up more refreshed.

I still take the 500mg capsules every morning and have been doing so for months. Any other readers taking it? If so, I’m interested in your experience. Leave a comment or send me an email.

links for 2007-12-22

Saturday, December 22nd, 2007

A dummy a day: AmeriCredit Corp. (ACF)

Saturday, December 22nd, 2007

Since day trading is a lot about recognizing the patterns in charts, I have decided to post a chart every day that would have resulted in a profitable dummy trade. I will post these in the dummy-a-day category which you can simply click to review for practice. The chart will be displayed as it looked when the trade should have been executed, and when you move your mouse over the image, it will show how the trade would have resulted.
The setup today in ACF paid off nicely:


If you bought ACF when it broke above the 11:30 inside candle at $11.81 with a stop below it at $11.66, you would only risk 15 cents. Holding until the end of the day would have given you about 109 cents for every share you owned, or about 7.3 times your risk.

Featured Kung Fu Student: Master Po

Friday, December 21st, 2007

Ugly chart #4: First Marblehead Corp. (FMD)

Friday, December 21st, 2007

Ouch. The one-time momentum stock, FMD, made a new all-time low yesterday.
FMD
Michelle called this one on November 13.

links for 2007-12-21

Friday, December 21st, 2007

Ron Paul on “Morning Joe” 12-18-07

Thursday, December 20th, 2007

A dummy a day: Lindsay Corporation (LNN)

Thursday, December 20th, 2007

Since day trading is a lot about recognizing the patterns in charts, I have decided to post a chart every day that would have resulted in a profitable dummy trade. I will post these in the dummy-a-day category which you can simply click to review for practice. The chart will be displayed as it looked when the trade should have been executed, and when you move your mouse over the image, it will show how the trade would have resulted.
LNN also set up for a dummy trade today:


If you bought LNN when it broke above the 11:00 inside candle at $67.26 with a stop below it at $66.22, you would risk 104 cents. Holding until the end of the day would have given you about 373 cents for every share you owned, or about 3.6 times your risk.

If you’re going to call it a position trade, you better trade it like a position: Lindsay Corporation (LNN)

Thursday, December 20th, 2007

Man, it was painful to see LNN up over $14 this afternoon. The second worst feeling is seeing all of the money you could have made - not being made. But you have to get over it, because it seems to happen all the time. I bought LNN at the perfect spot - just a notch below $50/share:
LNN
It moved my way, right away. And it stayed that way. LNN wouldn’t go against me. So I ended up distributing all of my shares for higher and higher prices, until I sold the last of it (which I really don’t like to do with position trades) over $57. Today it traded over $70. This is why it is best to hold some shares of your winners - because they keep on winning.
Oh well, live and learn.