Actions: Profit Taking?
Sold for Loss: LTON (-16% loss)
posted by Nick M. @ 9:54 AM
Tuesday, December 01, 2009
About Me
- Name: Nick M.
- Location: United States
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.
Previous Posts
- New Buys:
- How to Take Advantage Of: Cash for Crappy Appliances
- Happy Thanksgiving!
- Stocks to Keep an Eye On
- New Buys
- Good Time For Some Profit Taking...
- Stock Picks and Trade Ideas For Friday
- Stock Picks and Trade Ideas for Thursday
- New Buys
- Interesting Finish
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5 Comments:
LTON looked like an anomaly. I noticed that this morning too. Sucked. Big gap down.
definitely sucks...was not expecting that at all. CVVT bit the dust as well.
Lots of gold/precious metal stocks popping up on the radar again. This type of trend often precedes a decline in the market. I would be prepared for a dip tomorrow, especially since we keep hitting resistance at current levels. A break above current resistance would be super bullish (i.e. the DJIA breaking and holding above 10,500), as that would guarantee another rally until we hit new resistance levels.
Yes, indeed, the three major indexes are getting beat back from resistance today. This close will be interesting.
Tomorrow should be even more interesting! I've been busy liquidating most of my positions today...made out pretty well, with just a few mishaps like LTON here and there...So nearly in 100% cash looking for some precious metal/gold stocks. It would suck to be wrong, but if the market breaks out tomorrow, I'll have to find fresh break outs as most of the current trades seem overextended...
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