My holdings with initial value:
LONG TERM:
Will not touch. Might add to positions though as more capital becomes available.
10 VTI @ 127.98 = 1279.80
20 VO @ 66.85 = 1337.00
10 VNQ @ 69.90 = 699.00
10 EFA @ 67.20 = 672.00
10 TIP @ 101.25 = 1012.50
MID TERM:
Held position for a while and like the company. Might add to play short term or hold longer depending on what the fundamentals are doing. Once these positions are closed the money will be split between LONG and SHORT TERM.
30 SWIR @ 6.89 = 206.70
30 SWIR @ 11.20 = 336.00
80 SWIR @ 11.40 = 912.00
185 TMTA @ 1.65 = 305.25
600 TMTA @ 1.18 = 708.00
SHORT TERM:
Buy based purely on technical analysis. Use my own research as well as info found on 3stocksonfire to find companies. Time period held doesn't matter as much but would like to keep it under 6 months if possible.
1400 DOVP @ 0.31 = 434.00
320 NENG @ 2.28 = 729.60
27 DIVX @ 26.95 = 727.65
Initial Value of Holdings: 9357.50
CASH:
1141.27
GOAL: TO MAKE 12% PER 4 MONTHS (40% per year)
Dwest, the shares kind of small, don't you think?
I think it's better to split your 10 grand in half & just buy two stocks... just a suggestion ;)
Good luck!
Quote from: Terliso on December 13, 2006, 03:33:17 PM
Dwest, the shares kind of small, don't you think?
I think it's better to split your 10 grand in half & just buy two stocks... just a suggestion ;)
Good luck!
Yeah they're small but a majority of them were made more than a year ago when I had less than $2000 in capital. DOVP I've already sold half (same for the 1st set of SWIR shares) and I put every penny I had available into NENG and DIVX when I made the trades.
All $1100 I have will go into one stock. No position I take from now on will be less than $700 and most will be at least $1000 but I don't want to devote more than 20% of my portfolio for any one short or midterm to at least have some diversification and hedge against risk. I don't like setting really tight stops so I could lose 15% or maybe even more on 50% of my capital if I split it into two stocks and that would set me back a lot. Making 5 trades and and making 50%, 20%, 5%, -15%, and -15% is still more profitable than make 2 trades and making 50% and -15% even after trade costs. In fact, I think taxes might make it even more profitable to take the diversified route.
And I'll update my trading strategies and what not after I get done with finals this week. No sleep, high stress, and losses in sports cause an unfavorable trading environment and I don't want that affecting what I post and the decisions I make.
Agree with Terliso... The only way I took 10k and made it all the way to 40k (now 30k since I havent been doing as well this year) was investing the 10k in 1 or 2 stocks and watching those stocks with an eagle eye. Would do extensive research and put strategic stops in place to insure it was protected. Your comm is most likely eating your cash alive so doing 1-2 stocks until you goto +15-20k is a smart idea.
10 VTI @ 141.08 = 1410.80
20 VO @ 73.83 = 1476.80
10 VNQ @ 77.86 = 778.60
10 EFA @ 73.92 = 739.20
10 TIP @ 99.67 = 996.70
140 SWIR @ 13.46 = 1884.40
785 TMTA @ 1.13 = 887.05
1400 DOVP @ 0.35 = 490.00
320 NENG @ 2.73 = 873.60
27 DIVX @ 27.85 = 751.95
Current Value of Holdings: 10289.20
Return of 10.0% on Current Holdings (not including trades made this third)
Cash: 1086.27
Total Value as of 12/18/06: 11375.47
My goal is to have this number to at least 11500 by January 1, 2007 and then from that point on to make 12% per third (4 month period). Therefore by April 31, 2007, I hope my account is worth at least 12900.
Terliso's "Magic 3 Lines" and Aussie's "STEPS" have caught my eye recently and I will take a look at possible investment opportunities there. I will also begin to research as I now have more time.
Just from preliminary glances:
-NENG still is strong and I think it has some room to run
-SWIR announced a huge deal today with Verizon that should bring in a good amount of revenue. Prices spiked today and closed at highs after breaking through the 50dma and the 200ema.
-TTP started strong and fell throughout the day before spiking near close and ending near highs... signals strength after gap up last week and sell off. Gap took it through the 3 Magic Lines.
-DOVP continuing to consolidate in a very small trading range... could be headed for another breakout
Other stocks being looked at: SDIX
Quote from: nullzero on December 13, 2006, 04:55:24 PM
Agree with Terliso... The only way I took 10k and made it all the way to 40k (now 30k since I havent been doing as well this year) was investing the 10k in 1 or 2 stocks and watching those stocks with an eagle eye. Would do extensive research and put strategic stops in place to insure it was protected. Your comm is most likely eating your cash alive so doing 1-2 stocks until you goto +15-20k is a smart idea.
Hi Dwest, I read the thread and see why you want to have diversified stocks, so one possibile way around the commission issue is to get a Bank of America account. As long as you keep $25,000 balance combined in your saving and brokerage/investment account, you get 30 free trades per month. I have been using it here and there, helped me sell SKNN recently in pieces and very well timed since I didnt hesitate thinking about commission. Might only be available on the east coast, but worth investigating maybe:
www.bankofamerica.com/investments
Hope you can have your cake and eat it too ;)
Quote from: tokyopua on December 18, 2006, 08:23:39 PM
Hi Dwest, I read the thread and see why you want to have diversified stocks, so one possibile way around the commission issue is to get a Bank of America account. As long as you keep $25,000 balance combined in your saving and brokerage/investment account, you get 30 free trades per month. I have been using it here and there, helped me sell SKNN recently in pieces and very well timed since I didnt hesitate thinking about commission. Might only be available on the east coast, but worth investigating maybe:
www.bankofamerica.com/investments
Hope you can have your cake and eat it too ;)
I wish I had 25k to my name :D
The 5k in ETFs is my "savings" for now as I'm only a freshman in college and looking for a part time job as we speak.
I use Scottrade and only get charged $7 per trade ($7 + 1/2% of principal for pennies) so it's not that bad... but I'll look into the Bank of America information when I get a chance. Thanks for the tip.
Applaud to you for being a freshman in college and having a
positive bank balance of any sort! I wish I could have said the same when I was a freshman in college :P :'(
Quote from: dwest718 on December 18, 2006, 08:49:25 PM
Quote from: tokyopua on December 18, 2006, 08:23:39 PM
Hi Dwest, I read the thread and see why you want to have diversified stocks, so one possibile way around the commission issue is to get a Bank of America account. As long as you keep $25,000 balance combined in your saving and brokerage/investment account, you get 30 free trades per month. I have been using it here and there, helped me sell SKNN recently in pieces and very well timed since I didnt hesitate thinking about commission. Might only be available on the east coast, but worth investigating maybe:
www.bankofamerica.com/investments
Hope you can have your cake and eat it too ;)
I wish I had 25k to my name :D
The 5k in ETFs is my "savings" for now as I'm only a freshman in college and looking for a part time job as we speak.
I use Scottrade and only get charged $7 per trade ($7 + 1/2% of principal for pennies) so it's not that bad... but I'll look into the Bank of America information when I get a chance. Thanks for the tip.
Thanks tokyopua ;D The holiday season is going to make it a bit difficult to balance the checkbook but we'll see how that goes :D
As for the investing side of things...
I'm leaning very strongly toward putting my money in TTP tomorrow. I'll try to buy 300 shares around open between 3.25 and 3.40 as low as I can. This thing should have a good bit of room to run but we'll see how it turns out.
Reasons I'm buying:
-Had a selloff in the middle of the day that took the price levels down to around yesterday's close but then had a nice bounce to the highs of the day to close
-Recently had a gap above the "3 Magic Lines" (50dma, 200dma, 200ema) and showed strength to stay above them.
-Huge spike in volume when it gapped
-Positive divergence on MACD; slowing down a bit but still positive
-Golden Cross!
-StockTA is very postive on the stock
-AmericanBulls has a pretty solid track record on TTP and confirmed a buy today
Other stocks I'm considering: FORG, TRMM, WRLS, BPA, SWIR, NENG, SDIX
Bought TRMM today. 480 shares @ 2.10
Got screwed on the entry price because tried to change my limit order from 2.11 to 2.06 and it never got changed. Still like TTP but figured TRMM was good for another good day or another run after a bit of consolidation. Will post the chart later... rough day for the markets in general right now.
It worked out today for me buying TRMM. Even in a down day for the NASDAQ, TRMM spiked at close from 2.00 to 2.30. Another white candle on nice volume. Wish I could've waited a little while rather than trying to get in right at open but hindsight is 20-20. Glad to have the 9% gain either way. Slight AH selloff but it's quickly recovering. Setting a target for tomorrow and another target for 1-2 weeks based on tomorrow's price action. Will post chart and other stocks I'm looking at later tonight when I get the chance.
Happy trading to all ;D
Closing Value Today: 11404.52
Updates on yesterday's stocks:
WRLS - missed a run today but it only confirms the hammer yesterday and the buying pressure still present
FORG - not sure what today's price action will spell for the near future but as kslifka's chart shows, could be in for a move upwards off the trend/support line tomorrow (http://www.3stocksonfire.org/trading/index.php?topic=8048.15)
BPA - nice hammer today but possibly unattractive chart pattern forming; will have to wait and see
SWIR - same as FORG; will have to wait for move up or down to determine trading strategy
NENG - another ?? stock that needs a move either way as confirmation of a top or just consolidation
SDIX - gapped down and hammered on low volume... if it opens lower tomorrow, it'll be off the list for good
TTP - considered buying but MACD worried me a bit; OK day today but need some positive action and to stay above 3.20 or so tomorrow to stay in good shape
TRMM - bought 480 shares @ 2.10 today; could've waited but ended up a very good close with a nice white candle/hammer above yesterday's gap up... hopefully will continue the run
Therefore, all of these will continue to be watched in short term but main stocks for tomorrow are: WRLS, FORG, TTP
And the others on the radar: TSTC*, BPA, SWIR, NENG, SDIX
And a few interesting pennies: SLGLF, NIHK
Here's a chart for TRMM. Good luck tomorrow everyone!
Not doing so well today. Good day for TRMM until the bottom dropped out. Absolutely no buying pressure for DOVP or TMTA and a relatively neutral day for NENG and SWIR make for a day where I'm down almost 1% when the market is up... :-[
Hopefully I'll close a little stronger. TRMM should recover but I guess I'll have to wait and see.
Quote from: dwest718 on December 20, 2006, 01:05:30 PM
Not doing so well today. Good day for TRMM until the bottom dropped out. Absolutely no buying pressure for DOVP or TMTA and a relatively neutral day for NENG and SWIR make for a day where I'm down almost 1% when the market is up... :-[
Hopefully I'll close a little stronger. TRMM should recover but I guess I'll have to wait and see.
Well the bad day continued. Finished down almost $175 today (-1.5%) in a sideways day for the markets. I'll talk about each of my stocks and then each of the stocks I was watching, prune my list down, and figure out I want to do with my portfolio for the rest of the week.
First, my portfolio:DIVX - a nice up day today on a down day for the markets; another up day tomorrow and we could have the start of another run
27 shares @ 27.69 (+2%)
Holding (with stop @ 21.90)
SWIR - another sideways day; only closed down slightly so another day of uncertainty; could go either way; still attractive
140 shares @ 13.20 (+27%)
Holding (with stop @ 10.50)
TMTA - another day of basically no movement; hit and closed on the 1.11 support; hope to see an up day tomorrow; will consider selling soon if another down day tomorrow
785 shares @ 1.11 (-14%)
Holding with mental stop @ 1.03DOVP - got killed today; couldn't do anything because it dropped 10% in about 2 minutes and couldn't find a place to get out... so I can sit on it a few days because it seemed to hit a good bit of support at .26 and is being bid up a bit AH; double bottomed at .26 and has plenty of support @ .23 so I'm not too worried; Should've sold on the 2nd touch of the 50dma but got greedy; Lots of volume today so I'll see what happens tomorrow
1400 shares @ 0.27 (-18%)
Holding with mental stop @ .21-.22NENG - started off the day very well with a nice white candle but ended with a doji star and almost an inverted hammer on slighly above average volume; moved my stop up today and think this is a bit of consolidation before another run like the 2.25, 2.35, and 2.60 levels; will watch closely over the next few days;
320 shares @ 2.68 (+16%)
Holding with stop @ 2.40TRMM - started off the day just as we ended yesterday with a very nice move upward; then seemed to double top at 2.39/2.40 hit some resistance and turned a downtrend all the way down to 2.07 before bouncing off of that level twice and close a little higher @ 2.19; interesting pattern formed... will have to wait and see what happens
480 shares @ 2.19 (+3%)
Holding with stop at 1.65And then the stocks I was watching:WRLS - another solid day as it gapped up and finished up; will continue to watch closely
FORG - started the day very well with the run off the support that several predicted but almost closed all the way at the lows of the day to form an inverted hammer but got a little help from a jump just before the bell; looks to have closed below the trend line on only average volume so the run could be over for now; will watch carefully tomorrow
BPA - another hammer today but hammered off of the 200dma so could have bounced off support and be back on the way up; like FORG, will continue to watch carefully but this one could turn around; a red candle today would've been bad but the hammer offers hope
SDIX - started as a bad day and looked to continue lower and confirm the start of a downward consolidation/trend but ended up closing up slightly; still will be dropped from consideration with another down day but some buying pressure and a white candle could cause a bit of a jump
TTP - started the day off very poorly and almost hit the resistance/gap @ 3.00 before recovering and closing well; still on the list but could go either way.
TSTC - had a rough day today but is still attractive; will continue to watch and see what develops; could be a small consolidation patch before a few more white soldiers like 2 weeks ago and then a week or so before that
Both pennies had a very rough day but actually close alright.
-
NIHK was down almost 20% but bounced off of the 200dma and closed above it. Could be a possible buying opportunity as there was some buying pressure before the bell and the price is being bid up slightly AH
-
SLGLF is a similar case to NIHK but did not quite make it to the 200dma. Could have a bit more room to fall before it goes up again.
Sorry for the novel folks but felt like posting my thoughts on all these stocks. I'll post my picks for tomorrow with any new stocks I've found and maybe a graph or two later tonight. Hope for a better day tomorrow :)
Well... another bad day :-\ mainly thanks to DIVX. Don't really have time to update but dissappointed I was fully invested and did not have the opportunity to get in on NIHK today... called it last night but only had 60 bucks in the account to trade. Teaches me another valuable lesson I guess.
In depth "Week End" update to come tomorrow. Will update my holdings with a few charts, look over this weeks watch list, and start getting ready for next week with some picks and some charts.
Closing Value as of 12/21/06: 11184.09
And the week ends poorly. Don't know if I have a chance to reach my target with the light volume we'll see next week and through New Years. DIVX got killed and Cramer couldn't help himself again tonight.
http://www.thestreet.com/_yahoo/funds/madmoneywrap/10329530_2.html
However, he believes that DivX is a hot stock worth selling now. With the exception of DivX, Cramer said he likes these stocks for the next six to nine months.
I guess I'll talk about my portfolio first and then in my next post I'll move to analyze some of the stocks I've been watching and put up some info on stocks I'll be watching next week.
DIVX - The last two days have been rough after a fall below the 50dma on news that Cramer no longer "likes" the stock. I didn't cut my losses this morning when I had the chance (above 26.00) so I'm gonna just hold on and not try to trade this swing. If it shows it can definitely stay above 24.00, I might buy a bit more on any evidence of a bounce but I'm holding tight to my stop at 21.90. If DIVX falls below 22.00 again, we could be back to 20 or even 17. I don't think it'll fall below 22 and after today I don't know if it'll even fall to 24.00. All of this because of:
http://www.thestreet.com/_yahoo/funds/madmoneywrap/10329081_2.html
27 shares @ 24.96 (-9%)
Holding with stop @ 21.90
SWIR - Very nice little run this week from low 12s to high 13s. SWIR released news of a big win in the wireless sector when they announced Verizon became a partner/customer:
http://biz.yahoo.com/prnews/061218/to241.html?.v=44
However, SWIR had a bad close today and for the week with an inverted hammer and drop below the 200dma in the last hour of trading. Close @ 13.80 is also below the 13.81 resistance level. These two factors make me a little shaky and I will look to sell if it begins to fall through any supports. The first key level is 13.30. If the stock falls through the 13.65-13.68 level I will begin to look at this 13.30 level as a possible area to sell. My stop now is at 10.80. I will slide my stop up to 11.85 if there is much negative sentiment early next week. Then I will begin looking at the 12.70 level as the final support before I drop my shares and look to buy again when it reaches the 11.90 level. Most likely, I will sell at no lower than 13.25 and buy again on any evidence of a bounce under 12. Any positive move next week will obviously make me feel much better. If we can get a close above the 13.90-14.00 level, we could quickly close the gap to 17.00. It all depends on what happens early next week. Plan right now is just to hold until evidence for a move either way. Chart below.
140 shares @ 13.80 (+32%)
Holding (with stop @ 10.80)
TMTA - Negative trend, negative chart; No news for TMTA... just a downward move that can't seem to get any help from below. If TMTA falls through the 1.07-1.09 level, we're going to have huge problems. Again my mental stop is between 1.03 and 1.05 if TMTA looks like it's going to fall below 1.07 and press any lower. Hopefully we won't get to that point next week but recent price action would suggest it's a very likely scenario. Just have to sit and see how it plays out. >:(
785 shares @ 1.10 (-16%)
Holding with mental stop @ 1.03
DOVP - After a very, very negative start to the week with a selloff on no news coupled with no buying pressure whatsoever (0.36 to 0.26 in 3 days), DOVP closed the week very nicely with a bit of support created at 0.26 and a little hammer today and a close up to 0.30. The only problem is the stock price's rapid descent has caused the 50dma to move down very quickly after the double bounce off it last week (0.49, 0.45) and it now sits at 0.38. Judging by the strong resistance last week, DOVP will not move above the 50dma unless it announces significant news next week. Just have to sit and see if it can continue its run up.
1400 shares @ 0.30 (-5%)
Holding with mental stop @ 0.21-0.23
NENG - More consolidation to end the week. This is more of a long term hold now since it is a "3 Lines" play. I'd like to just sit on it and see how far it will run. I still have my stop in though because I don't want NENG to end up like EGHT.
320 shares @ 2.68 (+16%)
Holding (with stop @ 2.40)
TRMM - An interesting close to the week. Basically a Doji star today but very little volume. Higher low today than yesterday. Will just have to see how it moves next week. If down, will have to carefully monitor. If up, it could run if it breaks back through 2.40.
480 shares @ 1.12 (+0%)
Holding with stop @ 1.65 (possibly up to 1.91 because of Fibonacci retracement level)
This week my stocks were mixed and my ETFs got hammered because of the down week for the market so my account dropped.
Total Value to Close the Week: 11138.39
Just to get a watch list set out so I can do more in depth analysis, charting, etc. this weekend... here goes (in no particular order):
DOVP - nice run to close out week; support set up; could run to 50dma with some buying pressure
ZICA - huge run through 3 moving averages on news today; busted descending wedge... should have more room to run
NENG - consolidation after a good run last week; look for run to continue but watch for any give backs
IMM - nice break through 3 moving averages, golden cross, lots of support at 8.35 or so for to run off of
IMMU - 40% run after breaking through 3 moving averages; inverted hammer on high volume Friday might signal a shortterm reversal but keep it on the radar because of the golden cross and breakout
BFLY - looks to be working off a "bottom" and reversing a short downtrend after busting through all 3 moving averages; needs pos. confirmation
NIHK - played as predicted earlier this week after bouncing off 200dma; nice hammer today; look for it to push higher next week if buying pressure comes early
ONT - nice break of 3 moving averages and bounce off several times to establish support; hammer on Friday on good volume could signal a move higher; similar to NIHK
TSTC - volume returned today as it pushed to a new 52wk high after busting through 3 moving averages; slight inverted hammer requires pos. confirmation next week
SWIR - very nice move to push through moving averages this week but closed below 200dma today; needs pos. move and close above 14 and then 17 in play
EXAS - nice break through all 3 moving averages and huge breakout on Friday; once it breaks through the previous high at 3.10, EXAS has room to run
MGIC - building some resistance between 2.35 and 2.45 but could run once it breaks through 2.40 and 2.60; golden cross and rounding bottom could help its case
MDWV - huge volume off of a bottom, MACD turning around, bad close but still nice price movement
BPA - very negative price movement but doji star on top of the 200dma could spell time for some recovery; if it falls through the 200dma watch out
WRLS - may have topped out; very negative price action on Friday; just keep an eye on it
TTP - the chart appears to be breaking down but it did just hit support around 3.00-3.05 a share; MACD looks a bit negative but golden cross just occurred; keep an eye on it if it doesn't totally break down
TRMM - see analysis above from the post about my account
Other Pennies that could be attractive:
PYTO, MICG, STHK, CWLC, SLP
Stock that fell out of favor:
TMTA - negative chart, negative trend, negative, negative... nothing good coming out of this one; if it doesn't bounce off of 1.09 or 1.07, could be headed a lot lower
SDIX - breakout through 3 moving averages but in a short term downtrend with not enough volume to bounce quickly; watch for a rebound in next few weeks though
I really like EXAS, IMM, and ZICA for this coming week ... and of course DOVP, NENG, and SWIR if they continue like I'm hoping they will. More to come tomorrow... :)
Well ZICA did very well and EXAS had an interesting day... CWLC broke through some resistances and could be an interesting stock to watch. TSTC also found new highs and BFLY had a nice gap. Unfortunately I was in the car all day with no access to any resources but a touchtone quote system so while my DIVX plummeted :'( I watched ZICA soar like I thought it would and EXAS come back to hammer by the end of the day >:(
Won't have much computer access until after New Year's but will try to update as much as I can. This will probably be the extent. I like ZICA tomorrow for one more day... also like SWIR if it can move up and DOVP had an interesting chart formation today that could help it continue up. TSTC could keep going as could BFLY and CWLC. Watch CWLC... could be a very nice penny now htat it has broken through some short to midterm resistances.
Happy trading and Happy New Year's everyone!! :D :D
Well... unfortunate start to the year.
Got stopped out of DIVX at 21.90 but rebought soon on the bounce... wasn't able to get out at mid 24s and didnt feel it was necessary anyway so still holding.
Got stopped out of TMTA at 1.01 and waiting to see what happens.
Looking to buy NENG or MENV tomorrow. NENG had a great few days with 3 bounces off the 50dma and a solid white candle off of the 50dma today. MENV broke through the 3 Magic Lines and is about to have form a Golden Cross on very very good volume. Broke a short term resistance today and if it breaks .08 or so and ends up forming the Golden Cross we could see another 10 bagger if not more.
Will try to update my portfolio and my watchlist this weekend when I have more time. Started class again so I've had very little time to update on 3SOF. Happy trading folks!
After taking $350 in losses at the beginning of the year, I have recovered. DOVP and TRMM have huge gains today.
January 1st Balance: 11173.39
Current Balance: 12383.93
Return: +1210.54
Return %: 10.8%
School is making it very, very difficult for me to post regularly. I will post all trades that I make as well as a few symbols I am considering when I have capital available.
Looking to sell TRMM, SWIR, and DOVP with target prices for each.
Stopped out of NENG today at 2.25. DOVP is scaring me a bit but I htink this is just a short term consolidation. SWIR is acting crazy after announcing great earnings.
Bought 300 CPNE.ob today @ 2.40... let's see where it goes :D
Happy trading everyone.
DOVP nice reversal today. Closed on top of 9/13ema today and bounced off the 61.8 Fib on Wednesday... should get a run back into the low .50s next week.
DIVX had a very nice reversal last week and this week it started to run. Today bumped up over the 9/13 ema. Would've been very nice to close above 22.50 today but still a nice day and hopefully will continue to run next week.
SWIR still acting strangely. Have no idea where it will go next but the strong support between 13.90 and 14.20 should hold.
TRMM fell a bit today and I'm getting a little worried. 2.75-2.80 level will be important... but I think it hit support today and should go up some next week.
CPNE ON FIRE! Thank you David! Continuing to hold. Can't sell until Tuesday anyway since I bought on unsettled funds ;D
Closed just under $12k to end the week. Up around 7% since January 1st.
For next week looking at:
SILC
CTCH
ACGI
EGSR
TWTR
and still considering adding more (positive short or long term outlook):
CPNE
DOVP
SWIR
Have a great weekend everyone!