Stocky's Diary

[stocky]

18 April, 2006

I am going to sit back and relax. Not trading today, just holding all of VRDM and GSHF.

Goodluck all.

[stocky]

20 April, 2006

I may increase my GSHF holding or get back into VRDM. Though will watch premarket and decide.

Bought VRDM

[stocky]

21 April, 2006

Pennies are not for the faint hearted. If you are willing to take risk and make big then you can try your 'hand'. However, if you think that speculation is there then you are not too late. As long as there is fire of speculation, the merry can go round.

GSHF and VRDM are enjoying the speculation ride. Even when the today's market was weak [that included Energy and alt.Energy stocks as well] the duo was speeding up, only to see some profit taking. As long as crude is above 65 or to make it more banner in 70s, we can see the action in them. The energy bubble is here and I intend to buy some more VRDM after the market opens.

Bought another bunch of VRDM this morning.

Holding VRDM and GSHF.

[stocky]

22 April, 2006

With crude defying gravity the speculative stage is set. If that was not enough the new refinery regulations by May 5 will further heat up the things. I am expecting atleast one big move in the group. Long VRDM and GSHF.

Goodluck all.

[stocky]

24 April, 2006

If Bill Gates think that Ethanol is a good investment [Gates now holds 25.5% of PEIX, an ethanol play] then I think I am more comfortable holding GSHF and VRDM. The postive news flow from VRDM and GSHF together with the energy bubble is going to propell this duo to new highs.

I think VRDM is ready to make a big leap. Happy with both GSHF and VRDM. Holding ton of cash too. But not rushing in.

Goodluck all.

[stocky]

25 April, 2006

In normal trades I would book my profits even if I have like 2% profit on a trade. Not in the case of VRDM and GSHF. I am keeping these positions. For a very simple reason: The story has just begun. This duo can run atleast till May 4. So I am not abandoning. However, to limit my risk exposure I have about 7.5% position in each of the two.

Made string of buys in names: ERS, NTRI, CHK, CHID, DTLK, TGB, EZM, VLO, TGC, GV.

Now holding: VRDM, GSHF, CHK, NTRI, ERS, CHID, DTLK, TGB, EZM, VLO, TGC, GV.

Goodluck all.

[stocky]

26 April, 2006

Sitting and holding: VRDM, GSHF, CHK, NTRI, ERS, CHID, DTLK, TGB, EZM, VLO, TGC, GV.

Will not sell VRDM or GSHF on profit taking, however, mental stops are there.

Goodluck all.

[hermanpu]

nice diary. I am also tracking VRDM. I'm not disciplined nor as patient as you so i'm usually in and out within a day. I keep my limit orders at .26 and then i sell at .28
its a real nice day trade. I know this is going to be long term explosive, but i'll take a few percent a day.

[stocky]

27 April, 2006

Thanks hermanpu. My normal trading stock is akin yours, thats short term trading. I donot appreciate buy and hold for even a week period. Bush's speech may have taken some hot air from the VRDM and GSHF due to his directive to loosen environmental standards, for which Ethanol was a replacement. Now thats not mentioned but it seems like that. I will be selling the duo to protect my profit and capital.

Sold VRDM and GSHF.

Bought CUP and doubled my stake in TGC.

Holding: CHID, CHK, CUP, DTLK, ERS, EZM, GV, NTRI, TGB, TGC, VLO.

My holdings shows Energy, Metals and couple of hot names.

Days like today are the best days to buy energy and metal. Ethanol plays may also be good but I dont want to soak my skin in them for now.

Hi eager, thanks for being around. My view that today is good day for energy and metal buys is based on my short term trading perspective. Both groups are strongest at the moment. Take the case of ERS which swung from near 43 to 49 intraday. Same goes with CUP. Infact VLO swung 3 points intrday from low to high. These moves are enough for random trades. I am not sure what kind of trader you are but I usually trade in whats hot, so for mid to longer term perspective it would be good idea to see the global macro and domestic economic factors. I think crude will test support near 70 and rebound. The commodity bull market is firing on full cylinders and I see the current selloff as profit taking. However, I have mental stops on all my trades and flip-flop a lot.

Goodluck all.

[eagerlearner]

27 April, 2006

Days like today are the best days to buy energy and metal. Ethanol plays may also be good but I dont want to soak my skin in them for now.

Hi Stocky, i am a follower of your diary too  .
Can u elaborate on the above statement? and how do u think china raising rate will affect energy and metal prices in the near future?  i am waiting to get back in energy and metal , so very interested in your views.
Thanks!

[stocky]

28 April, 2006

I will be selling out of few names just to build the cash. The run in energy and metals is far from over. Just my random instincts likes to hold some cash for explosive opportunities.

Sold ERS, VLO, CHK, EZM, DTLK and NTRI.

Holding: TGC, GV, CUP, CHID and TGB.

This gives me exposure to both metals and energy. Plus value plays in construction and telecom. Itil am a short term 'random' trader who picks up strong moving often volatile stocks and exit with slim profits. This style has worked for me and I will stick to it.

Goodluck all.

[stocky]

29 April, 2006

What it takes to make money in the market?

Its hard for me to answer and I am still in quest to know that. About 10 months back when I joined 3SoF, I knew that I am at a very special place where some very gifted people are around. I enthusiastically read and traded. Over period of time I developed my own style - randomization, which is "fast trading in hot stocks". However, 3SoF is the place where I found my inspiration and enjoyed what I traded. I will say it has been a wonderful time at 3SoF.

Thank you 3SoF.

[wrangler]

Hi stocky
One way I'm learning is to use margin accounts as my advantage to sell after buying without having to wait out the 3 day unsettled funds you would normally have to wait for but only for this do I use it because to buy stocks on margin with funds that doesn't belong to you I consider playing Russian Roulette.
Now with that in mind I watch CNBC pre-market tickers before market opens and see what's trading high from the previous day and usually you can see about four to five good day trades about to happen and when I plan a trade for one my plan is to sell by the end of the day because usually the stock that is having a rallly for that day will pull back the next day or two. Also when playing this way watch stock for about the first hour after market opens to make sure it not just being pump and then dump for short selling going on, a real day rally will continue it's run right up to closing bell.
Watch this method for a while and track those that come out strong at opening bell that is trading higher than the previous day on pre-market trading and you will begin to see what I'm referring to.
Write down previous day's close what pre-market it's trading at 8:00AM then at 8:30 AM then at 9:00 AM and opening bell to show which one is the strongest and that will be the one to plan the day trade.
Don't know if you might try this but it has worked out some very good day trading for me.
Goodluck trading

29 April, 2006

What it takes to make money in the market?

Its hard for me to answer and I am still in quest to know that. About 10 months back when I joined 3SoF, I knew that I am at a very special place where some very gifted people are around. I enthusiastically read and traded. Over period of time I developed my own style - randomization, which is "fast trading in hot stocks". However, 3SoF is the place where I found my inspiration and enjoyed what I traded. I will say it has been a wonderful time at 3SoF.

Thank you 3SoF.

[stocky]

30 April, 2006

Thanks Wrangler, but I am sort of tied to my present cash only account. And thats relate to some of my big losses couple of years back when I started trading. Now to move to another account I will be risking Loss Carry Forward on my tax returns. So I am staying put.

But I found that daytrading is better in choppy markets then buy and hold. I agree the pre-market activity does usually prelude to stronger action later in day. However, I usually like to pickup stock on pullbacks, and on those days I am usually late for work

Applaud and wish you luck.

[stocky]

1st May, 2006

Bought GROW, TGE, IVHG and bought TORM [its right where the insiders has been purchasing at the start of this year, also big volume and spike on Thursday, something is cooking]

Sold CHID to raise some cash.

Bought ACSEF, IBN and USGL

Holding: CUP, TGB, TGC, GV, IVHG, GROW, TGE, IBN, ACSEF, TORM, USGL

Goodluck all.