Position update

I'm happy to report that money I have put back in the market is working on my behalf nicely. Longterm retirement money is up 1.6, 1.8, and maybe 8%, these in funds that I cant exchange but once a quarter. The big gainer is largely from real estate and financials. I have had some whipsaws in these accounts but have stuck to plan. I do think this has been good start to accumulation in the market.

I see NFLX has been on the map big. I have not traded this one of late but I continue to like its prospects. It looks like a hold or avoid for now, perhaps wait for more tree shaking to finish up. One of the things on my to do list is to get a list of what are good buy points in leading stocks, this one sure bounced nice near the 50 day average.

I was stupid recently with some SAY, lost very little, holding $90 worth of calls on it for July 2.5. Odds figure further decline at this point.

I own one stock in several trading accounts. It has an okay story, not quite on public radar, good numbers, good price movement. I aim to hold it for good market moves. It is tempting to sell it for my 10-11% gain that I have thus far as I am back to start of year account balances. But above my trading area I keep charts of big winners I have owned before that I sold out of prior to end of run, basically being chicken shit with poor rules. The current charts up are FSLR, POT, and ISRG. ISRG was one that I left a lot of money on the table with the puts I had after market turned down. I just had very little big market perspective at the time and allowed my $20 put to go to 100 in a week...

I hate the action of the market indices action yesterday. I suspect lots of wind lost from the sails. Early candles line up to say if we have a bad day, or even a slightly bad day that turn of market direction could be coming next week. That would be good for eyeing ideal market entry!!! QQQQ near its 200 day average, it would be nice to see that pierced. My buy call for QLD at 30 with 20 stop looks rich. Shoot from the hip entry would be 32.

I am rereading Weinstein classic.

Netflix-need to hold em

I'm beyond kicking myself on this one but man did I have Netflix correct. I'd said here to buy when above 40.9, then had it at 41.63. This am I see it approaching 49, a 17% move in less than a month. But I am far from perfect and sold this one when I elt myself get chased out. Sometimes fear really screws with you, forces your hand. I forget how firm of a stop loss on this, but it was a mental one.

I'd like to ask myself WWDD? What would Darvas do? He would have been away from the market, ignoring intraday price action, might have even had this one on margin. I suspect he would watch this one for a pullback to $45 or even the 50 day average. For now it really looks like a great winner of the future. Installed on LG tvs and now video games. Increasing stock of bluray also.

NFLX lesson is helping me to hold onto another leading stock that is a little more sluggish, not as much in the public eye, but showing great fundamentals and price action-constructive pullback now.

Happy trading!