A bad week

[Longhorns]

Quote from stock_trad3r:

I took a big risk on friday. I bought A LOT of AAPL at 147 and took a paper loss. I still plan to stay long cause I foresee aapl will go to 170 and that this selloff is overdone. Why the big risk? Cause thats how money is made in the market.

Quote from Longhorns:

Are you still holding this awful trade?

Is it still a "paper loss"? :eek:

 

[stock_trad3r]

I ditched most of it

I used TA to see the writing on the wall. A big red candle formed six minutes after monday open erasing most of the opening gains. I knew where this was headed.

On monday morning offloaded 400 shares at $144.5 which was 75% of the total

07/30/07 10:02 AM EDT Sell 400 AAPL Executed @ $144.5 Details | Edit

Loss: $1200

Went long on some MA to compensate for it, selling most for a nice profit.

07/31/07 9:44 AM EDT Sell 100 MA Executed @ $169.1901 Details | Edit
07/30/07 2:42 PM EDT Sell 200 MA Executed @ $162.1301 Details | Edit
07/30/07 2:04 PM EDT Buy 400 MA Executed @ $159.95 Details | Edit


blah...

Have a portfolio consisting of these stocks:

MA, GOOG, RIMM, BIDU, AAPL, AMZN, GM