2008Mar03

A few days ago, I had posted at beanie that the market falls anticipating a recession. Once in a recession, the market may rise anticipating a recovery. I was surprise the market was able to hold up so well, until today, with all the bad news. I just needed to have some patience.

Another interest rate cut is expected on March 18, just befor options expiration. If we test the low and bounce, then that may be a good sign.

See comments for some charts since URL does not work well in posting.

2008Feb29

I purchased some STP for the longterm IRA account.

I know solars has been looking pretty bad, but I am hoping it is near bottom now.

STP has been trading in the range of 35-40. I did not buy at 40, but waited for the pullback. 38 seems to be a good price entry.

China does worry me a little; therefore, this is not a huge position. I am not solars crazy and not in love with solars.

Check the comment section for the chart.

Updated:



Have I talked about over-trading or trading because you are addicted to trading?

Sometimes you need to wait and let the trade develop.

I have purchased identical stocks in my IRA and regular account. Being penny wise and pound foolsih, I took profit in my regular account while letting it ride in my IRA.

2008Feb28

It scares me when everyone moves together like sheeps in a herd. I have been taught to expect the unexpected. Everyone is expecting the market to correct after the huge run it makes me nervous and unsure when it will actually correct.

Regardless, I have bought SDS, DXD, and DUG today in anticipation of the correction.

The problem is that I have been anticipation a correction while the market is running up and missed the opportunity there.

Solars, I just don't know that to think about the group. There are a few of them that seems to be running, but the majorities have been dogs.

Also, I hope you have been watching ATI since I have been shorting this over and over for a few quick buck.