New [tag]stock picks[/tag] this week:

none

Existing & new [tag]holdings[/tag]:

Contribution this week: $0

Current [tag]capital exposure[/tag]: -2.09%     

New positions available to open: 1     

Starting [tag]account value[/tag] = $1,902.26

Account value = $1,922.05 (without margin)

Buying power = $557.36

[tag]Portfolio Gain/loss[/tag] this week = 1.04%

[tag]Portfolio[/tag] Gain/Loss for NOVEMBER 2009 = 6.45%

Portfolio Gain/loss for 2009 = -20.24%

[tag]Annual Return[/tag] (CAGR): -26.34%

This trading week was hectic. Stocks were on a huge uptrend at the beginning of the week and last two days it started fading a bit. The overall trend of Dow Jones made new highs since March 2009, however on declining volume. StochasticRSI indicator is in oversold reversal, so we may expect the next week to be weak. Well, we will see.

I have read discussion boards about stocks I hold as well as about the market and it is surprising how many people follow analysts or predictions (mostly their own wishes) when buying stocks. No wonder they are losing money. I still am watching STEC stock and recently I was reading its message board and there it is so apparent how some people go, buy stock and then they hope and blame everybody (mostly hedge funds) instead of just following what the stock is doing or “saying” to them. When many were cursing investors shorting the stock and wishing for reversal, I just could see a stock declining on heavy volume and there fore I was staying aside waiting for the next movement, or I would be shorting the stock too (but in this phase of my trading career I decided not to short stoks). No sign of any kind of buying support.

I still believe that this stock is unique and has no or very little competitors, so I am still watching it, but recent trading is telling me, that it is very risky to go long now.

Today, the stock showed its support and possible reversal, but now it needs confirmation. If the price starts bouncing above $12 level, we will have its support and if the stock confirms its reversal I may buy some shares. Let’s see what will happen next week.

I also realized I am not doing my homework properly and I tend to buy stocks directly from my watch list without further studying. This was the case of the stocks such as ORS or JADE which I have bought without deeper looking at them. JADE posted better than expected results for 3rd Q but it still lacks power to move higher. Even after analysts raised its target price.

For the upcoming week I am watching Netezza Corporation (NZ) which is providing data servers to big corporations and it operates internationally. I like what I see so far and next week I may buy some shares.

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