Traders Ready for NMX
As traders await the arrival of NMX, stocks open up sluggishly on negative housing construction.
I am going to be very busy from now until Thanksgiving, so do not expect a lot of postings or commentary from me. There is a ton of HW, projects, papers, and presentations to finish and ontop of that, I have to do food shopping and preparation for Turkey Day. All of this sounds daunting and it is, so just bear with me!
Update: at 10:04 Took a nibble of NMX at 136..... Damn, it actually already surpassed what I thought it would open up at!!!
Update: 11:27 Picked up some more earlier between 130-131. So far, I have a decent sized position. I wish I had sold my initial position of 136 at 150+, but I didn't and missed the opportunity to make a fast buck. Oh well.
I sold my AMAG position. I was in at 41 and sold at 54 (I regret not buying Options for this one!!). I also closed my CRM position at 42 yesterday. I was expecting a big earnings blowout, but instead, the stock was a dissapointment. I had a position between 36-38 (avg 37). I had also sold half of my RVBD position 2 days ago for a 100% + gain.
As far as losses are concerned, I usually don't have much losses to post only because I cut them loose very early. A stock can be down 4% and I will cut it out if the chart does not look optimal. So far, some of my losses include: UCTT -3.00%, LQDT -5.00%, BEZ -1.00%, ASR -2.00%, VDSI - 4.30%, AVCT - 1.30%
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