Stocks For Lunch

Time to nibble again ...

2009-09-22T04:03:23-07:00

Yesterday sold short XLI at 26.90.

This morning, placing limit order to short BA at 53.16 or better.

Market should open up. Looks like a good time to "fade the gap".

If market keeps going up, will quickly get stopped out for small loss.

On the other hand, should market decline, it could be wait we are waiting for!

Hibernation ...

2009-09-16T02:54:03-07:00

Monday, was stopped out of all short positions with small loss in each.

Only exception was MO. Took profit.

Not interested in buying into this market environment, and it is still too early to short.

Will simply book profits to date and patiently wait until anticipated turn.

For Monday, 9/14 ...

2009-09-13T16:35:05-07:00

Starting week with small open profits in 4 short positions --

-MO
-GE
-FAZ (long a short ETF)
-SRS (long a short ETF)

Anticipating at least a day or two down.

Moving MO stop to breakeven. Tight stops on remaining three positions.

Down 0.68 per share Friday.

Up 15.04 per share since start 7/15/09.

For Friday, 9/11 ...

2009-09-11T03:35:01-07:00

Starting today with 4 open short positions --

-GE from 14.78
-GD from 62.31
-MO from 18.60
-PAY from 13.95

No action today other than stop placements.

Down 0.27 per share yesterday.

Up 15.72 per share since start.

For Thursday, 9/10 ...

2009-09-10T02:14:14-07:00

Still short PAY and MO.

Others were stopped out.

Unless it gaps down (which I won't chase), this morning will try to short GD at the open.

Down $1.39 yesterday.

Up $15.99 per share since 7/15/09 start up.

For Wednesday, 9/9 ...

2009-09-09T03:58:28-07:00

MO looks like such a low risk short that I'm placing a limit order to sell short 18.48 or better.

Will then place stops on everything and be away a good bit today.

New shorts ...

2009-09-08T13:49:36-07:00

I'm on vacation this week.

Please see twitter sidebar for today's trades.

Will start tomorrow with 5 short positions --

-AMKR from 6.62
-CVO from 5.83
-MDCO from 11.00
-NKTR from 8.30
-PAY from 13.95

Tomorrow I will just place stops on these positions and be away from the computer most of day.

Down $0.66 today.

Up $17.38 per share since 7/15/09 start.

For Friday, 9/4 ...

2009-09-04T04:05:26-07:00

Trend for major indices remains down, but the anticipated counter trend rally is underway.

Will exit PCS today (hopefully with a profit) and start next week totally flat.

May try to day trade FISV as a buy.

Either way, unless something prevents me doing so, I plan to go into next week without an open position.

For Thrusday, 9/3 ...

2009-09-03T04:17:02-07:00

Odds favor a short term rally.

Will close out the 5 short positions this morning.

Will try to buy PCS 7.95 or better today.

Anticipate again starting a collection of short positions next week.

Up .01 yesterday.

Up 17.01 per share since 7/15.

Still a little too risky ...

2009-09-02T15:47:44-07:00

Price action today was just "not right".

Will close out all 5 positions in the morning.

This is simply following price patterns.

Could be wrong, but I feel strongly that the safest approach is to wait a little longer to begin a collection of short positions (even if last Friday does prove to be the high).