GSIC short entry

Looks like a good short entry for me. Market could still go either way. Im in a new situation because i know how to ride a nice trend but im not sure if i should start trading the other way if there was a TL break, like im doing now, or if i should just look for a nice solid trend somewhere else. Either i will get stopped out of my current shorts and the market will continue up, or my shorts will do well if the break gets a follow thru. we'll see.


Better odds might lay with just looking for a solid already going trend somewhere else... The trades i exited recently because of the supposed break have turned up a little so ill watch those to see how they do. Maybe next time i wont jump out so early.

NM short entry

Entered NM for the first short trade in a while. The massive down bar shows more weakness than the overall market, so thats a good sign. Has a pretty good reward.
Several others caught my eye why flipping through the most actives. SPU and JHI looked great but werent available to short cuz they are cheap pieces of crap but thats ok. It happens often with cheaper stocks. Since i was still trying to ride the uptrend as of yesterday, i missed a really nice looking short entry in CHNG but its ok, ill just watch it and see how it does.

Exited FCX, FO, MCK and SNDK since the market appeared to be breaking down. A couple had biggish losses but their rewards were just as big or bigger, so thats ok. Today has been about saying "its ok...".

Now i want to see how i do through this supposed trend change. It would be really nice if it turns down and i continue to do well.

FO entry

Entered late in FO and tried to enter CTEL but gave up since it gapped up away from my limit order.

I exited HAR for a nice 10% gain. I stayed in it watching it struggle for an extra 1% over the past few days while the market sold off a little, testament to the strength it had i guess.

Overall my trades are hanging in there and half are showing relatively more strength than the market which is good since they are longs. Maybe later on i will try to cut loose the ones that appear to be just as weak as the market, not sure yet...Relative strenght is something i dont really use yet. hmmmm....

Socialistic/communistic fun

The president of Venezuela, Hugo Chavez, is creating a “socialist” state-run Public Bond Market.
He said " “Don’t spend all your year-end bonuses, invest in the bourse, and the state will guarantee your money with good yields.” Sounds promising. He also just kicked out a bunch of people from their apartment,making them stand in the street cuz the government "needs to use their building". The people in the pictures look sooo happy too.

article:
Chavez Creates `Socialist' Bond Market in Venezuela, Promising High Yields
By Daniel Cancel and Charlie Devereux -
document.write(dateFormat(new Date(1289836040000),"mmm d, yyyy h:MM TT Z"));
Nov 15, 2010 9:47 AM CT
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Venezuelan President Hugo Chavez said he is creating a “socialist” state-run Public Bond Market that will offer local investors high yields to stimulate saving and allow nationalized companies to seek financing.
The Public Bond Market, which will begin operations in December, will allow state-run companies to sell debt to finance operations and individuals to seek investment opportunities, Chavez said.
Chavez tightened his grip on the financial industry this year by closing more than a dozen banks and 40 brokerages that he said committed “fraud” and set artificial exchange rates. He said investors will have their investments guaranteed by the state. Caracas’s private stock exchange has seen trading plummet since 2007 after the nationalization of companies including Cemex SAB and Cia Anonima Nacional Telefonos de Venezuela, known as CANTV.
“The banking and brokerage crisis has allowed us to draft this law,” Chavez said yesterday on state television during his Alo Presidente program. “Don’t spend all your year-end bonuses, invest in the bourse, and the state will guarantee your money with good yields.”
Yields Rise
The government’s average dollar-bond yield rose 20 basis points, or 0.2 percentage point, to 13.23 percent on Nov. 12, according to JPMorgan Chase & Co. indexes.
A draft of the bill that was approved in the National Assembly said that in addition to state companies, joint ventures, community councils and private companies will be authorized to sell debt.
Chavez plans to use the new bourse as a way to finance government enterprises, said Alejandro Grisanti, Latin America analyst for Barclays Capital. The weak financial condition of many of Venezuela’s state-owned companies will give little incentive for investors to participate in the bond market, he said.
“In my opinion there is no way that a private investor will go there,” he said in a telephone interview from New York.
The Securities Regulator authorized state oil company Petroleos de Venezuela SA to sell $3 billion of bonds due in 2017. The bonds were sold Oct. 25 and will be traded in the secondary market through the Public Bond Market, according to a statement.
CANTV, the state-run telecommunications company, will be able to sell shares to local investors through the market, Chavez said.
The government has assigned a headquarters for the bourse, Chavez said, without providing the location.
“The Public Bond Market has been born as a product of the terminal crisis of Venezuelan capitalism,” he said from the Miraflores presidential palace.
To contact the reporters on this story: Daniel Cancel in Caracas at dcancel@bloomberg.net. Charlie Devereux in Caracas at cdevereux3@bloomberg.net
To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

No new entries but a few had a lot of action going on, including SLE (sarah lee). Exited ESRX for a nice little 4% gain. What im currently holding looks ok, just stalling a bit and needs a push.

Good day for me.
Exited CVH and AMD for just under 7% gains. CVH only lasted a day. Everything else was fairly quiet just like the market. Waiting for ESRX to hit its target very soon, it was only 10 cents away at the close. No new entries.

CVH long entry

Only one that looked good enough for entry, which is more than i thought i would find considering how flat the market was today.
My trades did good today, better than the market. thats a good sign. i hope i get good sleep tonight, after eating dinner with my beautiful girlfriend.

FCX and SNDK entries

These two beauties looked great. Had several others that i considered but they all had a minor problem with low volume, small entry bars or lousy rewards.

Overall a nice day of gains for everything since the market pushed up well. Best overall day ive had in a while. Keep on going rally! And when youre done ill look for an hourly trend!

My gf gabriela is beautiful and supports me in my life.

Nice 6% gain from solid move in ADP.

Nothing out of my 60 or so stocks on watchlist really interested me for an entry.

Overall a decent little day of gains after the elephants took majority of house last night and fed res said no rate cut again.

ESRX, HAR long entries

A few caught my eye but these two looked pretty good with solid rewards of at least 5%.

Overall a decent day of gains. Still buying breakouts along with daily market uptrend. Trend might change soon after the election but maybe not. Ill bob when i have to.

Recently an article came out about a large gold fund manager who says gold can go to $10k an ounce. Pretty rediculous. Everything about gold has been at record highs lately and he thinks it will go up another 9 times what it is now....right.....when is it gonna collapse?

LLL exit

My LLL test trade worked out. This is showing an entry before the b/o. intersting but i will probably never care to do that again.
Added a few more to my watchlist. Flat day, sad volume. Currently holding MCK, AMD and ADP and AMD is the only one that looks bad.