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Author Topic: I sure know how to pick 'em
Jo4321
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Here are some of the headlines that greeted me today on my portfolio:

Ambassadors Group Inc sets a new 52-week low

Force Protection Inc down 10.18% to $4.50

Oshkosh Truck Corp sets a new 52-week low

Crocs Inc down 10.04% to $33.96

2:43PM Apple shares slide to new session lows, setting up a test of its previously supportive 50day SMA * the 183.50 level (AAPL) 184.02 -10.91

I don't have one stock in the green, but those were the worst today.

I need to get out of the market and just hold cash for a while. Is it best to wait for a bounce on Monday. Otherwise, I'm sure I'll be selling at the very bottom today.

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"Great Day for Up!"....Dr. Seuss

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Stupid
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You might wait before you realize any loss.It has a been a bad week.The fed has an auction for the reserves of 30bn on the 14th and the 28th. Your stock may get driven back up for a profit. May be wiser to hold for a cpl more weeks unless you need to have cash.JMO
MO usually isnt worth 2 cents but.........

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DDDDD

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Machiavelli
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the Jobs report today didn't help either lol

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Let the world change you... And you can change the world.

Ernesto "Che" Guevara de la Serna

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Ace of Spades
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quote:
Originally posted by Jo4321:
Here are some of the headlines that greeted me today on my portfolio:

Ambassadors Group Inc sets a new 52-week low

Force Protection Inc down 10.18% to $4.50

Oshkosh Truck Corp sets a new 52-week low

Crocs Inc down 10.04% to $33.96

2:43PM Apple shares slide to new session lows, setting up a test of its previously supportive 50day SMA * the 183.50 level (AAPL) 184.02 -10.91

I don't have one stock in the green, but those were the worst today.

I need to get out of the market and just hold cash for a while. Is it best to wait for a bounce on Monday. Otherwise, I'm sure I'll be selling at the very bottom today.

Well, you finaly picked a no-brainer, sure-thing stock...which is Apple....It's obvious where this is going in the years to come...The others you mentioned shouldn't even be mentioned in the same sentence as APPLE!!!

Good luck in 2008!!!

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Jo4321
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Yes, I agree that Apple will probably go back up and is probably a sure thing. I included it here because my timing couldn't have been worse. I decided to buy more at $193.50. Why couldn't I have waited two days and get it at $180.00?

Jo

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"Great Day for Up!"....Dr. Seuss

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Jo4321
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Out of all my losers, I decided to sell yesterday:

CBZ at 9.35
NTRI at $25.29

Guess what today brought?

CBZ up 3% 9.59 (hit $9.63)
NTRI up 11% $28.07

And, of course, those I held continued their downward spiral. I can't win.

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"Great Day for Up!"....Dr. Seuss

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Machiavelli
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That is because you "decided" to sell and didn't let your Stop/losses decide for you or even put any stop/losses Jo... [Roll Eyes] As for me.. I'm still holding CBZ [Big Grin]

--------------------
Let the world change you... And you can change the world.

Ernesto "Che" Guevara de la Serna

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Jo4321
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Yep,you are right about that, I didn't let the stop/loss decide. I did HAVE a stop loss in for $9.00 and later ignored it when the market started tanking. It sure looked like that one was going down below the 50 RSI and I wrongly assumed that I might as well take a loss at $9.35 instead of $9.00.

I still hold some CBZ. So don't get too excited about it. It's the kiss of death.

Jo

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"Great Day for Up!"....Dr. Seuss

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Ace of Spades
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quote:
Originally posted by Jo4321:
Yep,you are right about that, I didn't let the stop/loss decide. I did HAVE a stop loss in for $9.00 and later ignored it when the market started tanking. It sure looked like that one was going down below the 50 RSI and I wrongly assumed that I might as well take a loss at $9.35 instead of $9.00.

I still hold some CBZ. So don't get too excited about it. It's the kiss of death.

Jo

Jo...when you are decinding to buy or sell your stocks...what are you looking at chart wise??? Like what indicators or time-frames do you use most of the time??? Just curious!!!
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Machiavelli
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She looks at what I look at... the RSI ... she just sold prematurely... CBZ went slightly below the 50 line but closed above the 40 MA which is Support... She should of let her Stop/loss do the deciding... she let FEAR guide her and it cost her because CBZ bounced back up... her SL is/was a little too low... i have mine at 9.20 for wiggle room but for small loss just in case.. 9.00 is way too low imo... i almost always put my SL's just below the 40 MA...

--------------------
Let the world change you... And you can change the world.

Ernesto "Che" Guevara de la Serna

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Ace of Spades
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quote:
Originally posted by Machiavelli:
She looks at what I look at... the RSI ... she just sold prematurely... CBZ went slightly below the 50 line but closed above the 40 MA which is Support... She should of let her Stop/loss do the deciding... she let FEAR guide her and it cost her because CBZ bounced back up... her SL is/was a little too low... i have mine at 9.20 for wiggle room but for small loss just in case.. 9.00 is way too low imo... i almost always put my SL's just below the 40 MA...

Jo is a female [Big Grin] ....this makes total sense to the Ace of Spades... [Wink] LoL. OMG...this is unreal!!! [Big Grin] you can totaly tell the sex of a poster by the way they type/communitcate.. [Wink] .sometimes it's up in the air, [Confused] but you still have an idea! I don't want to expand any more on this subject/topic...cause I'll come off like an assh##ole...but I promise I'm not......to end positive...Jo is very honest! [Cool] ....with herself and allstocks.....which is key to sucess

You must have read some of my recent posts [Wink]

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classified
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"this makes total sense to the Ace of Spades...

Don't go Munchkin on us bro [Wink] [Big Grin]

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Jo4321
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Ace, you should have also been able to tell I am female by the spelling of my name. If I were male, it would have been JOE. No "e" = Female.

Anyone what to give me their opinion on continuing to hold CROX? Currently it's up 6% so my gut feeling is to just go ahead and get rid of it even though I have a huge loss on it. However, the chart looks like it could be bouncing off the 20 RSI line and perhaps it has some more upside before hitting resistance.

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"Great Day for Up!"....Dr. Seuss

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Jo4321
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While I'm at it, what do you think of MEE? It's in a good industry (coal index), MA's lined up, seems to be in an uptrend if it can get back over the 50 RSI.

Another one in the coal index that I'm looking at is NCOC. Much cheaper pps, but just had a big run. Dipping today. Support $4.75?

Jo
Edited to add. Not sure about NCOC, not a lot of volume there.

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Ace of Spades
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quote:
Originally posted by Jo4321:
Ace, you should have also been able to tell I am female by the spelling of my name. If I were male, it would have been JOE. No "e" = Female.

Anyone what to give me their opinion on continuing to hold CROX? Currently it's up 6% so my gut feeling is to just go ahead and get rid of it even though I have a huge loss on it. However, the chart looks like it could be bouncing off the 20 RSI line and perhaps it has some more upside before hitting resistance.

The market looks like it's reversing up now...It should deffinately go higher IMO...MACD crossed on the 60 minute chart today...very bullish short term!
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Jo4321
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Well, since CROX went up 10% I got out. Guess we'll see if that was another wrong move.

I don't want to really been in that one Thursday.

Jo

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"Great Day for Up!"....Dr. Seuss

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Jo4321
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quote:
The market looks like it's reversing up now...
I guess you meant reversing down.

Well, out of CROX, but now all my others that were doing well are losing their gains...AAPL, OSK, CBZ.

The market is reacting in extreme ways to every little bit of news:

quote:
3:00 pm : Stocks drop in quick fashion after Bloomberg reports that AT&T's (T 39.18, -1.85) CEO said the company is experiencing "softness" in its broadband and phone line businesses. Verizon (VZ 42.16, -0.76) is also under pressure on the news. The telecom sector is now the main laggard, shedding 4.4%.

The major indices hit fresh intraday lows on the news, with the Dow underperforming as both AT&T and Verizon are Dow components.DJ30 -95.03 NASDAQ -15.62 SP500 -7.94 NASDAQ Dec/Adv/Vol 1490/1467/1.73 bln NYSE Dec/Adv/Vol 1221/1891/+1.1 bln



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Stupid
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Jo,there are losses both perceived and realized. Perceived losses are when the stock goes down in price and realized are when you sell.I would much rather have a perceived loss than to sell and realize it.If you need quick profits to move on to other stocks for a quick gain then it would be fine.But in bad market times it may be more prudent to accept that the price isnt realative to the value for which you bought the stock in the first place.I hold a lot of positions(stocks) but I wont sell until they at least sell where I want them too.A stop loss would be in place if I thought they wouldnt recover to where I bought in at.I bought more of 2 today after they went down more than 20% each.I consider it a better buying opportunity not a bigger loss.
I never said I was smart.Just my 2 cents.

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DDDDD

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Machiavelli
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no offense Bottom.. but she knows all that and what you do (Averaging down) is not a winning trading style. Know when to cut your losses and not hold on to losers.

--------------------
Let the world change you... And you can change the world.

Ernesto "Che" Guevara de la Serna

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BooDog
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Knowing and having the discipline to do it are two different things imo. It's a mad mad mad mad world!

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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Jo4321
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I hear ya!

And, it's always good to be reminded Mach. I like to hear all opinions.

Jo

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"Great Day for Up!"....Dr. Seuss

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Jo4321
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Dang, MEE was $33.23 when I mentioned it about a month ago. Now $40.35.

NCOC up too.

Looks like coal was a good way to go.

Jo

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"Great Day for Up!"....Dr. Seuss

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Jo4321
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Bad timing once again.

Sold off my TTWO shares on FRIDAY [Wall Bang]


UPDATE 2-Electronic Arts offers $2 billion for Take-Two
5:04 p.m. 02/24/2008 Provided by


By Scott Hillis

SAN FRANCISCO, Feb 24 (Reuters) - U.S. video game publisher Electronic Arts Inc (ERTS) said on Sunday it wants to buy rival Take-Two Interactive Software Inc, best known for its "Grand Theft Auto" title, for about $2.0 billion in cash.

The $26-per-share offer by Electronic Arts, publisher of blockbuster games like "Madden" and "Need for Speed," represents a 50 percent premium to Take Two's (TTWO) Friday closing stock price of $17.36.

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"Great Day for Up!"....Dr. Seuss

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BooDog
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Looking to get a piece of Visa Inc.? That will be an interesting one. Still haven't found a symbol for them yet.

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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Jo4321
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Visa's symbol is going to be "V"

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"Great Day for Up!"....Dr. Seuss

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BooDog
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Cool Jo, thats what we were thinking - Thanks

Rumor is within the next 3 weeks.
keep an eye here also...
http://www.nasdaq.com/reference/ipos.stm


"Approximate date of commencement of proposed sale to the public: As soon as practicable after this Registration Statement becomes effective. "

http://www.sec.gov/Archives/edgar/data/1403161/000119312508036833/ds1a.htm

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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Jo4321
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Heads up!

TRY.B, which was trading from $8.96 to about $9.55 just before close today, suddenly jumped up and filled an order I had for $9.90 at about 4:03pm (it was a GTC, but filled after 4pm).

I haven't seen any news that would cause this to spike, but as would typically happen when I finally sell a POS I am holding, it will probably be bought out tommorrow morning. Just giving you all a heads up.

Jo
(BTW, $10.27 in A/H now)

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"Great Day for Up!"....Dr. Seuss

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Jo4321
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well, that was weird, no news to explain TRY.B's after hours jump. And it traded much lower today. I guess that $9.90 fill was a gift.

Small comfort for me today, a day when every one of my holdings was down, EXCEPT the ONE STOCK I am short in (SWC). What else is new?

Jo

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"Great Day for Up!"....Dr. Seuss

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You not playing my form 4's anymore? I made 27% in Feb. [Big Grin]
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Jo4321
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PCola, because I work in the AM, I don't see your picks until later in the afternoon ususally and they've already gone up! But I have been on the lookout for one that I could get in.

Also, I was an idiot, and after taking the 5% in RJF, I rebought it on a "DIP". In turned out not to be a dip, but more of a canyon. I didn't play by the rules.

Jo

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"Great Day for Up!"....Dr. Seuss

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Jo4321
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Here's an interesting fact. My son started playing a "stock market game" at school on the 11th. He is has the #1 portfolio in the region (1 of 87) and the 14th highest out of the whole competition (14 of 4034).

Oddly enough, I helped him with his imaginary picks, but I didn't buy them myself for real. Should have!

They say the apple doesn't fall far from the tree, but in this case, I guess it does.

Jo

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"Great Day for Up!"....Dr. Seuss

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Jo4321
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Oh joy, another to add to my list of losers that I am holding:

quote:
SiRF Technology Hldgs Inc sets a new 52-week low
1:32 p.m. 02/29/2008




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"Great Day for Up!"....Dr. Seuss

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Machiavelli
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quote:
Originally posted by Jo4321:


Also, I was an idiot, and after taking the 5% in RJF, I rebought it on a "DIP". In turned out not to be a dip, but more of a canyon. I didn't play by the rules.

Jo

Jo, Jo , Jo ::: shakes head ::: throwing all of Mach's rules out the window... [Wall Bang] [Roll Eyes]

--------------------
Let the world change you... And you can change the world.

Ernesto "Che" Guevara de la Serna

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PCola77
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Jo doesn't just throw rules out the window, she beats them with a baseball bat and buries their bodies... [Smile]
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Jo4321
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Sigh....Here's another one to add to all the suckiness that has been my day.

quote:

--Force Protection Down 21% - Announces Delay in 2007 10-K Filing, Expects Restatement
4:37 p.m. 02/29/2008

Today has been unreal. I lost the equivalent of about 4 months salary in gains today (I work Part-time, though)

I can't believe I haven't just thrown in the towel yet. I'll let you all know when I do, cause that will be the clear signal that the market has hit bottom.

Jo

Edited to add, I just checked and if the after-hours crap with FRPT holds, it is more like 6 months salary, not 4.

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"Great Day for Up!"....Dr. Seuss

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