Category: analyze this trade
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Short Setup: NTRS
I went short NTRS this morning. The stock has broke down below support, pulled back and shows a negative volume pattern.
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Trade Entry: POT
I entered POT today as a bounce play at $125.10. As I have been preaching, postion size is small. Reasons for entry:1. Stochastics oversold2. Extreme weakness today3. Positive divergences in RSI and OBV (indicators are making higher lows while price is a lower low). Risks:1. Continuation of downtrend2. Negative market…
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Trade Update
I took partial profits in DUG today for a big gain at two points, $40 and $42. I am still holding a position. I exited AAPL for a big loss. I was stopped out of USD for a very small loss. I was stopped out of X for a small…
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Trade Entries: KSS, ARO and LOW
Retail stocks are nearing my entry levels. However, the negative retail report could pull them down further. For this reason, I am taking small position sizes in my retail trades and using tight stops–KSS, ARO and LOW. I bought 150 shares of KSS at $50.44 I bought 150 shares of…
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Trades: POT and CAT
I am short 100 shares of POT at $208.77. This trade is similar to the failed trade I made in HAL. Basically, I set a short-limit order to go short at $208 this morning. The idea is the stock is so extended that a strong open would likely pull back.…
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Pioneer Trade: HAL
I usually do not short extended stocks unless I see a major divergence signal or at least one distrubution day. However, I decided to take a small short position in HAL today. Technically, the stock still looks great and there are no major divergences. The 52 week high in price…
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Today’s Entry: CSX, DZZ and MTL
I bought 100 shares of MTL at $143.46. The strong broke out over $140 yesterday on strong volume. It’s one of the strongest stocks in a strong sector showing loads of accumulation. I may be a bit early on entry (I usually don’t enter at overbought stochastic levels), as the…
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Saturday Review: Shorting Momentum Stocks
This post from August 2007 offers some timely advice on shorting momentum stocks: Those of you familiar with my trading style know I rarely short high flying stocks. While it seems logical to go against a stock that is overextended, this type of trade generally takes on too much risk.…
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Market Notes and a Trade
There has been some confusion that I would like to clear up. Some of you think that I am bullish on the market because I am making long play on the S&P 500. Nothing could be further from the truth. This is a short term bounce play within a downtrending…
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How I Made 5 Grand in One Week
As mentioned in the comments section yesterday, I unloaded a number of shorts and entered a few longs: I covered 100 shares of FSLR (short at $187.33) at $164.67 for a $2266 (+12.1%). I covered 200 shares of MON at $102.43 (short at $114.27) for a $2454 (+10.7%). I covered…
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Trade Update, Watchlist, Sport and Politics
I added two shorts yesterday, AKAM and FCX. I also went long PBR, JASO and AAPL. Here are the stocks I’ve been keying on from my focus list: Long: PBR, USO, FLSR, CPLA, AAPL, HDB, MBT, RIG, ATK, MA, MON, MOS, AGU, JASO, AAPL, MTL, RSX, VIP, STP, POTShort: DRYS,…
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Trade Analysis via Video Webcast
Last night I created a video highlighting a few of my trades (MA, AAPL, GOOG, NOV). I had problems uploading, so the post is a little late. I have already taken profits in the NOV short. http://flash.revver.com/player/1.0/player.swf?mediaId=500455&affiliateId=93676 Yesterday’s trades:As noted in yesterday’s video, I went into the week with my…
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Today’s Trade: NVDA
NVDA broke out over a month long trading range yesterday, making new highs on strong volume. Voume patterns suggest accumulation. I used today’s weakness for entry. I bought 400 shares at $38.52.
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I just missed out on a $1400 gain! (and NOV trade)
This morning I placed a buy stop for 100 shares of BIDU at $305, using my “buy the weakness” strategy for the stock. As you can see from the chart below, the stock dipped to $306 before rocketing to $318. Trading can be a frustrating game. I’m going to have…
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Today’s Trade: AEM
I bought 300 shares of AEM at $46.85. I’ve been waiting for a pullback to support in gold and it looks like we’ve finally got one. Stochastics have reached extremely oversold levels and obv has dipped to a support level on low volume. There are a few reasons to be…
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Today’s Trade (FWLT), Market Notes and Off-Topic
I bought 100 shares of FWLT at $129.26. This is a small feeler position and I will buy more on a pullback into the $125-126 range. To the upside, I will buy more on a break of $135. Note that this is a position trade with a longer time frame…
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MT Trade
I entered MT this morning, buying 300 shares at $71.48. Stepping back from the trade, it looks like I may have entered a bit early. The last time MT had a similar breakout with a long price bar (early June), price action immediately pulled back to the breakout point before…
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Today’s Trades: RIMM and RS
I bought 500 shares of RIMM at $82.71. This is a short term trend-pullback play. My intitial target is the high at $85, with a stop at $81. I covered the RS short, 500 shares at $54.05 (entry at $53.16) for a $445 loss (-1.6%). I am still holding GMRC,…
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Today’s Trade: FLR
I bought 500 shares of FLR at $120.20. The stock has been on my primary watchlist since the July breakout and has been a great trend pullback trade. I recently set an entry of $117-120, and the stocked dipped down to $119 yesterday. However, I decided to take a wait…
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Shorting Momentum Stocks: the GRMN Trade
Those of you familiar with my trading style know I rarely short high flying stocks. While it seems logical to go against a stock that is overextended, this type of trade generally takes on too much risk. Stocks tend to trend longer than they “should” due to market psychology and…
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Trade: UA
I sold 400 shares of UA at $69.10 (entry at $63.65) for a $2180 gain (+8.56%). Considering the stock closed at $66.68, I can understand if someone reading this rolls their eyes at what looks to be perfect timing for exit. Please note that I left a comment regarding the…
Paul J Singh 