EliteG Infinite Compound Project II: Prototype Portfolio

[eliteG]

Trading Update:

bought SSTI @ 5.68 ($5000)   stop 5.35 

[eliteG]

Trading Update

bought more SUWN @ 0.219 ($2500)  mental stop .195ish

this brings my position in SUWN to $10,000(2 positions in the portfolio) @ .219

I will be in and out of the office the rest of the day.

Holding:

SUWN   0.219
OPSW   5.87
SSTI      5.68

[eliteG]

12/01/2005 - Thursday
End of Day Update

I feel I made a really great buy today on SSTI.  Beautiful Chart.  I am very pleased with OPSW.  It put in a nice candle in some open territory today and may be able to climb fast from it.  SUWN I am not so happy about.  I now have a 2x position in it.  There is something that feels very bullish in the chart and I just cant let it go unless in breaks through my stop.  I may end up regretting it but.. I guess only tme can tell.  I'll get charts up tonight or before mkt open.  Meantime here is the portfolio update. 

[eliteG]

some charts.. check out http://www.3stocksonfire.org/trading/index.php?topic=237.msg35908#msg35908 for a dailychart on OPSW.  Scottish Trader did a really nice job.

[eliteG]

12/02/2005 - Friday
Good Morning

I'll be travelling around for ~2weeks starting next week visiting friends and a wedding to go to in Ohio.  I'll probably be able to do normal updates except during the travelling days.  Monday and/or Tuesday may be one/two of those days so I need to consider not adding positions and maybe selling. 

Otherwise I need to manage by phone which is really no problem with my broker and by now I dont even have to print out a chart to remember its levels..  But I will anyway of course  .. there isn't anything like driving through the appalachians at the max speed my jeep cherokee sport can handle(100mph ), enjoying the view, and making a trade over the cell.

This will be where stops become important(for peace of mind) and I will probably stay away from pennies for this period other than SUWN 

Just wanted to give a heads up 

Oh another thing influencing me today will be the Friday take home your profit trend.  So if a play has moved up a great deal I will try to follow it with intraday TA to take profit.. if it seems like a good idea.

I'm also keeping an eye out for a possible v-double top on the Nasdaq.. showing up on other indices as well.  That bearish pattern does not become confirmed unless Nasdaq closes below 2230 which is probably some days away if it even does happen.

[eliteG]

OPSW intraday chart

[eliteG]

SSTI intraday chart

[eliteG]

SSTI Daily Chart

[eliteG]

OPSW Daily Chart

[eliteG]

OPSW - 5 min update

[eliteG]

SSTI - 5 min update

[eliteG]

Trading update

bought TXCC @ 1.63  ($5000)    stop 1.44

[eliteG]

12/02/2005 - Friday
Half-Time update

brought to you by Bud Light.. lol 

nice day 

[eliteG]

..and then came Friday selling to give OPSW and SSTI a lil slap down 

..it was to be expected.. perhaps I should have sold and rebought.. I'll remember that next time 

Meanwhile I'll hold with the current stops.. 

[eliteG]

Trading update

Change of plan.

Sold OPSW @ 6.36
Sold SSTI   @ 5.93
Sold TXCC  @ 1.61

Sold short SNHY @ 17.89 ($10,000)

2 things led me to do this.  I will be away from the computer most of the day Monday and I feel that the market may be headed down and if so I wanted to bring some of the profit home and be ready to start up again next week.  I then found SNHY which looks like a perfect short to me.  I may be totally off but I have to listen to my instincts.

So only holding:

SUWN - nice support from the 9ema.. pennies tend to do well in down markets 
SNHY -  check out that chart.