An innovation IMHO might be a burger that doesn't make you fat or junk food that is healthy. Anyway, trade is done and I don't care about MCD anymore, at least so far.
How can it be that I make money?
The trades in Jcom have been all against the trend.
I didn't try to let my profits go.
I have no plan(at least I don't admit or I actually have none).
I don't use a SL.
I'm not pyramiding.
I don't cut my losses.
I sh.. on classical TA.
I give a...
Now we are back @27.16. One might think that I would post a better price, but it took some time to write this message. Sorry for that. I really try to post real- time, but some seconds can make a difference.
MCD is gaining momentum on the downside. Just covered the rest @24.93 with a profit of about 4.8 %, which is OK for a boring and slow stock like MCD.
Ready to reenter again.
You don't have to know everything in order to make money, but you have to take action. :)
Jcom is down on a down day and TA isn't saying that this is a promising buy. That's why I buy some Jcom.
This time entry@ 26.51. Let's see what happens.
Just covered half of my position @ 25.57. So this a small profit of about 2%. Try to let the remaining pos. go. MCD is moving very slowly, that sucks.
:)
Sorry I'm no insider. But technicals may give you hints.
What might be true: Buy the rumor sell the fact.
IMHO there is also some truth to: Sell short the rumor and cover lower after the fact.
Just shorted MCD @ 26.16. This will be a position trade.
MCD is up in a big way, but this is a mature, mature business with no innovation at all. P/E is about 32 which is quite much for the very slow growth rate of MCD.
Yes and no. Profit would have been bigger in Cat, yes. But as I flipped in and out some other stocks profitable in european, US and asian markets with that money I don't care that much.
And: Never look back!!!:p