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
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New stock picks this week:
Discover Financial Services (DFS)
RINO International Corp (RINO)
Visa (V)
Existing & new holdings:
| Symbol | Qty | Last | Gain($) | Gain(%) |
| DFS | 6 | 16.20 | -5.04 | -4.93 |
| FUQI | 3 | 28.00 | -3.00 | -3.45 |
| MED | 6 | 22.38 | 24.25 | 22.04 |
| RINO | 4 | 23.60 | 3.48 | 3.83 |
| V | 11 | 72.94 | 49.51 | 6.58 |
Contribution this week: $0
Current capital exposure: -7.31% 
New positions available to open: 0
Starting account value = $1,679.39
Account value = $1,752.12 (without margin)
Buying power = $539.90
[tag]Portfolio Gain/loss[/tag] this week = 4.33%
[tag]Portfolio[/tag] Gain/Loss for OCTOBER 2009 = 4.33%
Portfolio Gain/loss for 2009 = -24.14%
[tag]Annual Return[/tag] (CAGR): -31.52%
Last week was turbulent, but ended up in positive territory. The Dow reached its new high for 2009 and many stocks rallied during this week, even though a week ago it seemed the market would enter a correction. Well it may happen. There is a lot of crooks predicting another catastrophe and crash out there, but I am trying to follow what the market is doing, not what those doom-predictors say. If they will be right, my stop loss order should get me out of the market, if they won’t be right I should e riding my stocks up. Well, those stocks which will be riding up. Stocks lacking the movement and/or momentum I will sell and keep only those which are heading to the stars.
It is hard to do however.
I have bought a few new stocks, but increased the risk of my portfolio to 7.31%. I need to provide more money or those stocks will have to move higher fast so my trailing stop loss order moves higher and the total risk will reduce. Or sell some stocks. However, Visa and MED are doing well, even RINO is trying to move higher, so soon this shouldn’t be an issue. FUQI is lacking a movement, or slowing down. It still has a momentum, so let’s see the next week. I might sell it if it stops acting better.
Another good thing is that last week I finally paid off one of my personal loans and now I have some free money for funding my investments accounts and pay my credit card debts. I will increase a balance on my trading account to 3,000 dollars and pay off my credit cards. Then I will be funding my ROTH IRA account.
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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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Well, I decided today morning to buy Visa back. So I did.
10/05/2009 10:14:46 Bought 11 V @ 68.4394
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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%
New positions available to open: 0
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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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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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 $68 per share. If that happens, I will add more shares to the portfolio using trailing bar momentum strategy. Let’s wait what the stock will do in a couple of days or weeks.
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New stock picks this week:
STEC Inc.
Existing & new holdings:
| Symbol | Qty | Last | Gain($) | 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:
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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Today morning I have bought STEC back on its reversal.
09/23/2009 09:30:47 Bought 3 STEC @ 31.799
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