realization

Is that fear in her eyes? I can't tell.



I am realizing that I trade out of fear. Not fear of losing money, but fear of losing profit. This is the only explanation I can think of for why I hold EDZ purchased at 42.70 and sold BP at 28.90 purchased at 27.50.



Speaking of BP, if one was lucky enough to short BP 59.98 and cover 26.75, then it would have been a 55.40% gain.

On the other hand, if one was lucky enough to buy BP 26.75 and sell 39, then it would have been 45.79% gain.

The percentage gain per point is more on the way up then it is on the way down. This is why you need 100% to break even on a 50% loss.

Why do I short when there is more money buying the dip?



Next, valuation is what the market wants to pay for the stock. I keep hearing that GS has a value of 120, but it is trading at 150. Keep in mind that the market can be irrational for a very long time.



Keep your eye on for short.

miss

It sure feels good to be home and to sleep in my own bed and pillow.

If the market do run, make sure you don't miss these.







Volume is low. My favorite is MEE.

temperature rising

Before I depart, I am leaving you a little of something to enjoy.



Keep your eyes on the following:

JTX, IVN, KERX, CHAM, EXPD, AEZS, FUQI, TSEM, NVDA. ELX, STX

HUGO

I was going to do a post, but lost the mood.



This was our dog for a day.

We gave him back to the owner because the wife did not want to keep him.

It takes a lot of work to take care of a dog.

He had a nice field trip today visiting some the family members.

And did his fair share of peeing in the house.

I hope he finds a good home and we already miss him.

NotMe

I am not going to give you 100 charts because that's just not me.
Honestly, can you keep track of 100 charts?
Lately, I have been focusing only only a few stocks.

Did you pick up any CF or TSL from my previous post?
Don't feel bad if you didn't, neither did I.

MOS - see how smooth that is?


CLF - a little choppy.


POT - a little more choppy.


MOS - daily - staying above 21ema would be a good sign.


EDZ - daily - still has room to fall - but watch it.


CLF - H&S

imagination

I am not very artistic and don't have great imagination.


HEAD & SHOULDERS TOP OR BOTTOM?
The chart below was retrieved from here


This is what I see. No imagination.


What I missed on Friday.

EDZ, remember there is a gap at to be filled.


CF mentioned this before.
Never tweeted my trade, but it was a loss on panic sell.
Shameful.


#TSL good for long with stop under 17 on 07/01/2010 10:08 PM
Scared


See how it formed a base in June and broke down. Under 42 was the stop.
It is forming a base. Keep an eye on it.