No One Knows

I read serveral popular blogs out there and it seems that the majority don't know what the hell is going on. You have bloggers that flip flop more than fish out of water. Even this huge down fall caught me by surprise since I was starting to scale in buys. In denial, I started to pour in buys on, particularly RIMM.

TK is the only person I know of making a killing in this market.

Been Awhile

Sorry that I am getting lazy about posting. I spend the about 1-2 hours with two readers discussing and trading stock using skype. You are welcome to join us. I try to start the day at 6 and by 8 I have to leave for work (Pacific Time).

Anyhow, yesterday one reader wanted to buy SKF 121. I said no, I am shorting SKF at 121. The short did not work right away. Later I found out, I had 5 pts profit selling at 116. I cannot watch the market all day long. When I place an order, it has an stop loss exit and a profit exit. In this case the 5 pts profit exit hit.









What happened to the FSLR trade? I was greedy and put in tight trailing stop instead of letting the trade play out. My emotion was in control versus my strategy.

Trust but Verify

Some charts for you too look at for next week.

ZOLT, *CF, *POT, *TNH, *JRCC, ACI, BTU

I wanted to show you a chart. Just because a stock is overbought, it does not have to fall. The same rules apply to oversold. And yes, I still own TNH, bought it here

TNH Chart

Why do I still have own TNH? Because it was a small position and I was not too worried about it.

Fear, Greed, Risk - never a part of the equation.

Watch List

NYX, ICE, OXY, SKF*, USO*, UNG*, CHK*, JRCC*, EXM*, XTO*

* = I have position. I am leaning towards NYX over ICE.

Go look at the charts.

finviz

stockcharts

I am a WallStreetSurvivor testing strategies

Variant Perception

That is a great read (click on title).

I finally got banned from beanieville for trying to expose him.

He now deletes my comments and I am done trying.

I hope you folks don't get lured.