Paul J Singh

Trades: JOYG, HAL and AKAM

Published by

Paul J Singh

on

Today I sold the remaining 200 shares of JOYG at $44.25 (entry at $42.73) for a $304 gain (+3.5%). The total gain on the trade was $758 (5.0%). I may consider re-entering on a breakout over $46. A breakdown below $42 would make for a good short entry.

Yesterday I went long 500 shares HAL at $32.36, with a stop just under $32 and an initial target of $34.

I also shorted 400 shares of AKAM at $48.23. The stock had broke down on decent volume under the 50 day MA and had been a laggart in its sector during the recent uptrend, so I was quite confident we were looking at a broken stock. However, the stock has bounced back strong today. I’ve still got a little room before having to exit, as my stop is placed just above $50.

3 responses to “Trades: JOYG, HAL and AKAM”

  1. Anonymous Avatar
    Anonymous

    Hey, nice blog you have here. I just found it (referred from the Kirk Report) and like you I’m working towards trading as a primary source of income. I’m not there yet, but I keep trying. Do you show all of your trades here or is this a sampling?-Jon

    Like

    Reply
  2. Anonymous Avatar
    Anonymous

    And good call on HAL today. I’ve been reluctant to buy it after the Dems gained control, I think they will call HAL and KBR into hearings about the Iraq contracts and price gouging.Why did you think this was a good time to go long?-Jon

    Like

    Reply
  3. The Market Speculator Avatar
    The Market Speculator

    Jon,I have two trading accounts. One for this blog and one that I keep private. I post all the trades from the “blog account” here. One of these days I’ll get around to posting a log with my performance results. You know, it’s funny you mention HAL and Democrats. I was watching for a drop on oil too. Of course, the exact opposite happened, probably because so many people were expecting it. It’s always best to watch the charts than trade off expectations.

    Like

    Reply

Leave a reply to The Market Speculator Cancel reply

Previous Post
Next Post