The Ambitious Trader: Stocks, Trading, Investing..My Ambitions as a Trader and Investor

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.

Friday, May 15, 2009

New Buys and Stocks That I am Watching

New Buys: ADY (in at 25.73)

-ADY reported very impressive triple digit growth. Never pass up a stock with such strong earnings numbers.




Watching:

6 Comments:

At 9:39 AM , Blogger Nick M. said...

If you haven't bought on Friday, wait for a dip in ADY

 
At 11:02 AM , Blogger Nick M. said...

Added more to my FIRE position as the stock was able to climb above my original BP.

 
At 1:05 PM , Blogger Chad said...

STSI is stressing me out! Fantastic 200 day MA though. Still on the fence about holding or selling. It almost feels like movers are trying to shake people out, like APAC saw recently. What do you think?

-Chad.

 
At 3:27 PM , Blogger Nick M. said...

Chad,

Don't stress out. Simple solution: If it closes near its HOD, hold. If it closes near its LOD, sell and move on. Never let a position stress you out.

 
At 11:20 PM , Blogger Chad said...

Thanks. Calm words, sound advice. It pulled itself out and left a long tail on the bottom which I always take as a strong sign (same thing you just said.). It's annoying me though. I'm working on shaking the emotions ;) The other positions are doing great!

Take care,
Chad.

 
At 9:37 AM , Blogger Nick M. said...

Chad,

On occasion, if a position is overly frustrating and isn't working out, is is sometimes better to just get rid of the position, take the loss (hopefully small) and move on. With patience and sound timing, there are always better opportunities out there.

 

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