This is a one way ticket that takes you on a wonderful journey into the vast world that is the stock market through my eyes, my point of view.
New Buy Candidates: GENC, STSI
International Buy Candidates: BNK.TO (Bankers Petroleum-TSX)
New Short Sale Candidates: ARG, APPY, BOOM, CMTL, CRDC, HOKU, VCGH, VE, XNPT
Add To: XIDE, XTLB
posted by Nick M. @ 6:23 PM
Hello and welcome to my blog. My name is Nick and I am a recent graduate of a top research university. I currently hold a BA degree in Psychology. My main interests are industrial/organizational psychology, HR management and of course, securities and the financial markets. I became interested in trading and investing in stocks a few years ago by pure chance and curiosity. After learning some of the basics in 2003, I began to trade in full force in 2004. Although I've been trading for only a few years, I have learned much about stocks, and analyzing charts in this relatively short time span. My experience and chart reading skills are my edge in successfully navigating the stock market. My strategy and discipline is a blend of trader and stock picker. My style of trading has helped me find some of the current markets top winners in their infancy. In addition to my own personal trading and investing, I also manage assets and portfolios for close friends and family. My goals are to continue to improve and refine my trading/investing strategies in order to further enhance my performance in the market. Eventually, I would like to establish my own investment/asset management firm.
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4 Comments:
Cuddling up with the bears this weekend ;)
-Chad.
I didn't want to crawl into the bear's den but the general market has left me little choice...It may be a while before we bottom so having a few short positions in this environment may not be such a bad idea.
Yes, it looks bleak. I went in Cash to go on a business trip for a week, and when I came back, it looked like the whole market ran into a hole. I don't like to predict, but I think we have a lot more pain ahead before buyers come back. ...I'm making a long, long list of everything I want to pour my money into when panic reigns in the street!
...Signs of the coming crisis: Usual optimist (read: You) start shorting the market and contributing to the bank runs ;)
I'm predicting that this (the markets) will take at least about a full year (maybe even two from now) to fully bottom. Of course, there will be bumps in the road as oversold conditions always lead to short-term oversold bounces. If things go the way I expect them to, we can look forward to more opportunities to build up short sale positiona when the indices run into resistance at the major MA's (like the 50 and 200). Of course, there are always one or two stellar longs to be found even in a full fledged bear market. So even with all the doom and gloom, there are always opportunities to make not only some cash money but decent returns as well.
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