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 Short Candidates: CPLP, DF, DNR, GERN, IRE, LDK, MOD, RBS, RDN, UTA
Out of all these, I like CPLP, DF, DNR, GERN, and LDK the most. They have excellent breakouts to the down side and they have already cleared past the support at their 200 day MA's.
posted by Nick M. @ 1:10 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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20 Comments:
I just executed a trade when I meant to place a stop order...I knew that was going to happen to me one day! Damn.
Really indecisive close today. The S&P and Dow pulled off of their lows though.
Dude,
you've got to be careful. I hope your mistake wasn't costly.
I'm still a bit cautious of the market. I would like to see a stronger positive move on high vol with decent breakout action on non speculative stocks.
Can't believe PEET bought out DDRX. Well, there goes any real potential move in DDRX.
My mistake was not costly, which would also account for my carefree handling of it...I should have been paying more attention; multi-tasking is a fair tale! ;)
I was *just watching PEET today, it's been holding up well. I didn't know it bought out DDRX, though, which has also been holding out decent. Amazing that coffee is one of the cash crops.
I'm wondering what might be our future leaders. With all the the turmoil, retail and coffee are treading water remarkably well!
I take that back: DDRX did awful today! Peet has been doing really well though, on low volume, but very well. This market is enough to make me question signals on volume...
I listened to the conference call this morning. PEET bought them for 26 a share. It's interesting to see the price action in DDRX the few days before the announcement; it was pretty beat down off of its strong breakout before being bought out at a relative bargain. One can attribute that to market activity over the last few days, but I wonder how much was money-in-the-know moving in or out. Anyone who picked up shares yesterday caught a 25% premium overnight, plus they get a fraction of PEET stock which was performing really well.
Smart move by both companies, though. Similar visions, PEET adds a product in demand, DDRX gains massive infrastructure, and both of them reduce overhead while increasing profits...
I feel that DDRX was manipulated last few sessions. Someone was purposely lowering the price as to price it lower so that PEET could announce that they were buying them out at 26. Otherwise, if it stayed at 27 and higher, they wouldn't have bought it out at a more attractive price. Had they announced the buyout earlier when the price was higher, what would they have given shareholders?? I think the whole decline was carefully orchestrated while the big suits of both companies were hanging out behind closed doors. Some big institutions may have heard the news leak and rather than being the ones holding the back at 26 (from their higher buy in), they all dumped at the same time, pushing this low float stock down, triggering stocks and thus, pushing it down further. In any case, I am done with the position. I bought months ago and have cashed in my trade for a decent profit...
PEET is still looking good and where the institutions will park their money if they want to play the coffee game (along with GMCR). PEET can easily double from here, but the move will drag out for months.
*triggering stops...
I'm mixed about today. How do you feel? Indicated kind of bullish, and there were quite a few buy opportunities that looked good to me. I finally got into the CATM position, and I took one in QTM, PWER and DSW.
There were some good trades here and there. It's hard to say. The market could tank 200 points tomorrow for all we know. I am sitting mostly on the sidelines, but carefully trading a few positions, such as PEET, QTM, etc. I will post some new buy and short candidates later on tonight. Depending on how tomorrow goes, we should have several good trade ideas on both the long and short side.
All those stocks that you mentioned get a thumbs up from me. They all look good and have shown support despite a weak market.
Thanks, that's why I grabbed them. CATM and QTM did really well today and PWER has just being hanging in there through the storm. I'm sure you were happy about PEET today. (Their CEO is a smart sounding chap, btw.) It looks good but I'm hesitant to jump in while it's extended right now.
I'm still in the QID position but it's puttering out. I'll probably be out of it soon.
Take care,
Chad.
BTW, PEET has gone into uncharted territory. This is all new life time high for the stock, which is very rare for a stock that has IPO'd a while ago (2001). Also, volume was up over 2,400% above average...not trying to pump it too much, but I think there is some potential in this one. I can only imagine the potential of DDRX (with only a 2 Million float) had it not been bought out and reported another stellar quarter.
PEET's on a pullback today... you're temping me! ;)
I'm juggling QTM right now, trying to work on the best exit. I'm in them at 2.02, with a poor add-to on the top of today.
The add-to was at 2.39; I actually don't feel too bad about it now.
If PEET closes off its lows on high vol, it may go up tomorrow. Keep holding onto QTM ,especially if it closes by HOD. Sell your add on position if it closes near the LOD.
Just not sure if the market will continue going up. There is a chance that it can reverse hard. I see too many stocks gapping up and I see a lot of poor/spec. quality stocks making moves.
Thanks... this is the first stacked trade I've done, and I'm nervous about this market too... all instincts are telling me to take the 30% and run, but the price action is telling me there's more. Intra day support just keeps raising.
-Chad.
I'm going to be playing everything as it goes. If everything closes well, I'll hold. SLH is another decent breakout....
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