Sunday, July 26, 2009
Sunday post 1
I was going to go outside to mow but sat down to review charts. I have a notebook I keep some records in, took a look at overall performance YTD of 10.2%, bulk of gains in retirement accts, bulk of losses in active trading accounts. If this keeps up I might have to start being a very passive investor in the overall style of my 401Ks. I'd be so much further ahead if I'd done that from the beginning. If I decide to go that route it will be a tough pill to swallow.
I have the sheet of paper I kept records on from January 5th, 2009. I was following the range of the Dow and SP and it looks like I was actively following NFLX(31.94-42.20 now), FRPT Feb $5 calls ( made money from there and then blew up) and VISN (7.3 then, 6.7 now-I am still following this range bound great fundy stock). At the bottom of the paper are stocks I made a note to start following. Prices are the high of the day for 1/5 and closing price of issue this past Friday
SXCI 19.27 29.61
MDRX 10.2 16.44
SOHU 50.39-63.63
BIDU 139-358
APWR 5.49 10.78
Clearly I can pick some winners to follow. I've traded in NFLX, VISN, and APWR since then, done with APWR. Today I am looking more in depth with my lack of trading these other issues, and reminding myself that pending some horrible breakdown in the stock, perhaps holding them longer without the bouncing in and out is the way to go.
Looking at charts, BIDU is the only one that seems to have not clearly given a sell signal during these moves.
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