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Posted by MartZee October 16, 2009
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DFS sold


I didn’t like how DFS performed and decided to get rid of this stock. I sold it today:


10/16/2009    14:31:26    Sold  6  DFS  @  15.0906




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Posted by MartZee October 14, 2009
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ORS added to portfolio


Today I added an ORS play to my portfolio. Is this stock going to be another FUQI, RINO or STEC? Today the stock shot up on heavy volume (almost three times the average). I decided to take the risk and add some shares.


10/14/2009    15:18:28   Bought  67  ORS  @  1.0894




TastyWorks

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STEC sold, DFS added


I do not like how (STEC) is acting, struggling to move higher, so I decided to sell it. Instead I have bought some shares of Discover Financial Services (DFS)


10/08/2009   15:25:50   Sold  3  STEC  @  27.441
10/08/2009   15:26:10   Bought  6  DFS  @  17.0394

However, I still keep STEC in my watch list and buy it back after it becomes clear which direction the stock will go. I still believe it is a good company and a good stock with a great growth potential. It just lacks a buying support now.




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Posted by MartZee October 06, 2009
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RINO added to portfolio


Today I have bought RINO shares to my portfolio. However this trade extended my risk exposure over the limit. I will have to add more cash to the portfolio or sell some other stocks. FUQI and STEC do not act as I wish to see and they may be sold out soon. Let’s see what would happen this or next week.

Here is today’s trade:

10/06/2009    14:36:12    Bought  4  RINO  @  22.7294




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Posted by MartZee October 05, 2009
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Visa bought back


Well, I decided today morning to buy Visa back. So I did.

10/05/2009    10:14:46   Bought  11  V  @  68.4394




TastyWorks

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Picks 09/28 – 10/02


New stock picks this week:

none

Existing & new holdings:

Symbol Qty Last Gain($) Gain(%)
FUQI 3 26.33 -8.01 -9.21
MED 6 19.42 6.49 5.90
STEC 3 26.77 -15.09 -15.81

Contribution this week: $0

Current capital exposure: -3.13%     Learn more

New positions available to open: 0     Learn more

Starting account value = $1,735.29

Account value = $1,679.39 (without margin)

Buying power = $1,403.57

[tag]Portfolio Gain/loss[/tag] this week = -3.22%

[tag]Portfolio[/tag] Gain/Loss for OCTOBER 2009 = -4.31%

Portfolio Gain/loss for 2009 = -27.29%

[tag]Annual Return[/tag] (CAGR): -34.32%


This week was the weakest one since the rally started. It seems the market may be entering into a correction. The job loss data hit stocks hard and as I expected some stocks were dragged down by the market. Visa has been stopped out and I am expecting further fall next week. I have no trades available to open, so I will be waiting aside and keep my stop loss orders tight. Let’s see how the market will react the next week and deal with the economic data.


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Posted by MartZee October 01, 2009
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Stocks hit ahead of jobs report


Today stocks got hit hard while awaiting jobs report due tomorrow. I do not like how my stocks are behaving so I decided to tighten my stop loss and I am expecting to be stopped out if the report gets bad. I am planning on selling STEC and Visa (V) and wait for its buy-back point, if it happens at all.




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Visa added to portfolio


Today I have bought more [tag]shares[/tag] of [tag]Visa[/tag] (V) as much as my [tag]money management[/tag] allowed to add.
Per the plan I had (1) position to open available, so I decided to follow Visa and add more if the price turns upwards. It happened today morning, before the news about banks and [tag]credit[/tag] regulations came up and dragged the [tag]stock price[/tag] down:

09/29/2009    09:37:01   Bought 4 V @ 71.95

Maybe I set the buy price too low. Originally I wanted start buying at $72, but later I changed my mind and set the [tag]buy point[/tag] at $71.95. I could avoid today’s price slump.

Because the market is a bit shaky at the end of this month (awaiting economical reports, job data, company 3Q reports, etc), the stock may go further down and reach the level around $68 per share. If that happens, I will add more shares to the portfolio using trailing bar momentum strategy. Let’s wait what the stock will do in a couple of days or weeks.

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Posted by MartZee September 25, 2009
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Picks 09/21 – 09/25


New stock picks this week:

STEC Inc.

Existing & new holdings:

Symbol Qty Last Gain($) Gain(%)
FUQI 3 28.83 -0.51 -0.59
MED 6 19.54 7.21 6.55
STEC 3 29.48 -6.96 -7.29
V 7 70.66 44.87 9.98

Contribution this week: $100

Current capital exposure (total risk of the entire portfolio): -1.70%

New positions available to open: 1

Starting account value = $1,791.45

Account value = $1,735.29 (without margin)

Buying power = $948.50

[tag]Portfolio Gain/loss[/tag] this week = -3.13%

[tag]Portfolio[/tag] Gain/Loss for SEPTEMBER 2009 = -1.13%

Portfolio Gain/loss for 2009 = -24.87%

[tag]Annual Return[/tag] (CAGR): -32.95%


At the end of the month the stock market became a bit choppy and declining, but nothing major so far. It still may be just a regular small dip as the two previous ones.
Some stocks got hit hard such as Visa (V) which has lost 3.90% withing a day as it happened a few days ago to STEC I tried to search what happened to Visa and unless a Cartel fine in Hungary the only information or better say speculation I could find was that the mutual funds are closing positions to take gains and show some better results up in their quarter reports. There could be an impact of Sen. Dodds announcement of a new regulations for credit card companies. Who know. Definitely, the drop has no fundamental roots so the drop is just temporary and the stock will bounce back after this drop.

Today’s drop got very close to my stop loss level, so there are two scenarios which may happen next week:

  1. If the stock drops more on Monday, so my position gets closed on stop loss, I will apply the same strategy for buying the stock back as I did with STEC. I will use the Trailing Bar Momentum Reversal Strategy to trail the price of the stock lower and buy back for cheaper price on its reversal.
  2. Or if I won’t get stopped out, this definitely will be an opportunity to add more shares to my existing positions. Since my money management plan allows me to open a new position, see New positions available to open line above, I will trail the stock price down and buy more shares on its reversal.

I wish the second option happens on Monday and the stock will continue growing instead of dropping further down. We will see.


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