3SOF

nullzero · March 04, 2007, 03:13:30 PM

NEW tanked about 30% AH on friday

... Man Melf, I learned a big lesson on a trade patience to let the trade play out

. I got in on the right intentions but I needed a clear trading plan to execute. I was also needed to focus on the time frame of the trade. When I first entered I was looking for a short to med term trade. But giving the fact I was doing the trade on my macro economic events and fundamentals I should of given more time for the trade to mature.

nullzero · March 05, 2007, 04:32:17 PM

Trading 4.48 in AH! Man I learned a big lesson here... go with the trend and stick with a plan. Back in summer I was speculating a big weakness in subprime lenders. Patience and planning are key to a sucessful trade in my books... after missing this chance. I knew how the dire situation was brewing in the subprime industry since I live in Orange County, CA... the capital of mortgage lending and subprimes for the U.S. I knew many people who were layed off in recent months due to a huge slow down in the real estate market.

pompano · March 05, 2007, 04:53:32 PM

Hey Null, LEND is just getting started. Another So Cal, sub-primer.

nullzero · March 05, 2007, 05:14:44 PM

LEND looks good the only thing I dont like about it is they were founded in 1990 and have a little more experience with a bad real estate market. AHM looks like a better short. I believe AHM it will fall more from where it stands, its all about seasoned management on the ones who will surivive the fallout from the poison subprime and mortage industry. AHM founded in 1999 looking at the chart I believe we are going to 10 or below on AHM. Lets see if we get a nice rebound tomorrow in it then it would be the perfect time to enter a position. Watch closely on the support at 22... if it fails AHM will go into free fall.

nutsterrt · March 06, 2007, 10:33:28 AM

Picked up a few (1000) shares at 5.20 this morning. So far so good. Don't see myself holding it back below 5.50 at this point.

nutsterrt · March 06, 2007, 10:59:32 AM

Have to disappear for awhile, so I'm setting a stop at 5.80.

nutsterrt · March 06, 2007, 01:30:37 PM

Bummer. My stop was just slightly conservative. Out at 5.80 with a .60 or 11.5% gain.

News:

NEW