GrowleyMonster's Sorta Journal

[GrowleyMonster]

AZO and CMG not trending down right now but I made a good lick while they wereR. BYND is up to $143 and I have $200 to show for it. I am gonna hold my 100 shares overnight along with my oilpatch stuff. Right now I am down $2k but I expect to be right as rain by Friday. Might short AZO and CMG in the morning but I don't like to hold shorts overnight unless the trend is rock solid and right now it isn't. General market decline was a major factor and I am watching QQQ bend back upward. I will have another look at 2000 this evening and I am usually up by 0500, and I will check again.

Only made a few fumbles, with setting up a dozen charts on the big screen and experimenting with a "trail limit" order and stop limit order that I have not quite figured out yet. I need some sort of self adjusting stop loss for overnight positions, especially for short positions. A stock can only go down just so far, i.e. zero. But it can go up a loooooooong way.

Here's the trading station in its current configuration. GF just bought me the new chair and the 55" screen. The old 32" I am gonna put on the boat for hosting game parties. The old 21" is going in the bedroom so we can see the security cameras. On the right is my Dell laptop, then on the left the two small screens are running off a Raspberry Pi 3B and a Raspberry Pi 4B. Then at far left is the refurb Dell Optiplex driving the big screen through a graphics card upgrade. All powered Linux, of course. Using TWS with IB, and also TradingView for a scanner, on the laptop and sometimes on one or both Raspberries. I think I'm gonna like it.

 

[vanzandt]

AZO and CMG not trending down right now but I made a good lick while they wereR. BYND is up to $143 and I have $200 to show for it. I am gonna hold my 100 shares overnight along with my oilpatch stuff. Right now I am down $2k but I expect to be right as rain by Friday. Might short AZO and CMG in the morning but I don't like to hold shorts overnight unless the trend is rock solid and right now it isn't. General market decline was a major factor and I am watching QQQ bend back upward. I will have another look at 2000 this evening and I am usually up by 0500, and I will check again.

Only made a few fumbles, with setting up a dozen charts on the big screen and experimenting with a "trail limit" order and stop limit order that I have not quite figured out yet. I need some sort of self adjusting stop loss for overnight positions, especially for short positions. A stock can only go down just so far, i.e. zero. But it can go up a loooooooong way.

View attachment 209820

Here's the trading station in its current configuration. GF just bought me the new chair and the 55" screen. The old 32" I am gonna put on the boat for hosting game parties. The old 21" is going in the bedroom so we can see the security cameras. On the right is my Dell laptop, then on the left the two small screens are running off a Raspberry Pi 3B and a Raspberry Pi 4B. Then at far left is the refurb Dell Optiplex driving the big screen through a graphics card upgrade. All powered Linux, of course. Using TWS with IB, and also TradingView for a scanner, on the laptop and sometimes on one or both Raspberries. I think I'm gonna like it.

Don't have a direction for you, but Micron ($MU) will be a good trader for you today.

I'd set an order to short @ 49.85 and to go long @ 47.90 and hope for a spike out of the gate. Don't be afraid to take a large position, as you should only be playing for maybe $.30 tops.
Earnings are tomorrow PM and all eye's will be on their report. Not so much for the stock, but for what they say. They're a good economic barometer for the health (or lack thereof) for various tech and retail sub-sectors. Of course they know that too.... so I'm always skeptical because they have the power to move the entire Naz if they come out all doom and gloom or vice-versa with their prognostications going forward. And its a non-jeopardy kind of thing too. "Hey that's just our opinion".

Either way.... Todays action on it will be very much oriented around the VWAP so let it establish a level if you don't get in at the bell on a spike. If it varies about .64 either above or below... use that as the entry because it'll work its way back.

Don't play CMG or AZO today. They'll be low volume and too dangerous to short.... they will be spiking all day.

 

[vanzandt]

Don't have a direction for you, but Micron ($MU) will be a good trader for you today.

I'd set an order to short @ 49.85 and to go long @ 47.90 and hope for a spike out of the gate. Don't be afraid to take a large position, as you should only be playing for maybe $.30 tops.
Earnings are tomorrow PM and all eye's will be on their report. Not so much for the stock, but for what they say. They're a good economic barometer for the health (or lack thereof) for various tech and retail sub-sectors. Of course they know that too.... so I'm always skeptical because they have the power to move the entire Naz if they come out all doom and gloom or vice-versa with their prognostications going forward. And its a non-jeopardy kind of thing too. "Hey that's just our opinion".

Either way.... Todays action on it will be very much oriented around the VWAP so let it establish a level if you don't get in at the bell on a spike. If it varies about .64 either above or below... use that as the entry because it'll work its way back.

Don't play CMG or AZO today. They'll be low volume and too dangerous to short.... they will be spiking all day.

There ya go. $47.90 and it had a .34 bounce right off of it. And it was .64 below VWAP.

 

[GrowleyMonster]

Thanks for that. I actually got up, saw my stocks had taken a tumble in the premarket, and went out to the shop to get some work done. It is going to be a few days before they are showing a profit I think. Not taking any new positions today. I had to make a withdrawal for slip rent and insurance for both boats, and a few other things, and I don't want to get too overextended. I promised the old lady I would finish the pothanger project and the steel is all cut and drilled and now I got some welding to do. Got a door to make for one of the boats, and I need to build a twin grinder for my razormaking endeavors. I been spending way too much time in front of this computer for too little reward and shoving too many projects on the back burner.

 

[vanzandt]

Thanks for that. I actually got up, saw my stocks had taken a tumble in the premarket, and went out to the shop to get some work done. It is going to be a few days before they are showing a profit I think. Not taking any new positions today. I had to make a withdrawal for slip rent and insurance for both boats, and a few other things, and I don't want to get too overextended. I promised the old lady I would finish the pothanger project and the steel is all cut and drilled and now I got some welding to do. Got a door to make for one of the boats, and I need to build a twin grinder for my razormaking endeavors. I been spending way too much time in front of this computer for too little reward and shoving too many projects on the back burner.

Did you see the top on MU today?
$49.70. How'd I do?
(I'd set an order to short @ 49.85 and to go long @ 47.90)
Posted that at 9:29AM EST.
Not bad the day before earnings on 27 MM shares.
Anyway, just luck. So you are $2K more in the hole?
Yeah you might need to back off a bit Growley.
There's certainly an addictive element to this stuff.
What is a twin grinder and what is a "razormaking endeavor" btw?

 

[GrowleyMonster]

Did you see the top on MU today?
$49.70. How'd I do?
(I'd set an order to short @ 49.85 and to go long @ 47.90)
Posted that at 9:29AM EST.
Not bad the day before earnings on 27 MM shares.
Anyway, just luck. So you are $2K more in the hole?
Yeah you might need to back off a bit Growley.
There's certainly an addictive element to this stuff.
What is a twin grinder and what is a "razormaking endeavor" btw?

I occasionally make straight razors and I want to improve my methods and equipment to reduce my labor in each razor from about 100+ hours to a more reasonable 30 hours or so, and improve consistency and quality to match the best in the craft. A twin grinder is the quick way to grind out a hollowground razor. Two counterrotating belts in close proximity with the radius of the contact wheels and the tolerance between them corresponding to the degree of hollow desired for the cut and the minimum thickness of the thin part of the blade, which is important prior to heat treating. The razor is passed between them to make the hollow grind, to make the story short. By the end of next year I hope to be selling a few premium razors as well as finally completing myself a matched flawless 7 day set. I kinda do a bunch of different things. Some better than others. The whole reason originally for building the shop was to make razors though I have only done welding and woodworking and other projects in it to date. GF thought it was going to be a place to park her car LOL!

And I do genuinely appreciate the tip! Honestly, I haven't even looked at a single chart today, just a quick glance at my portfolio list and P&L. By all means, keep them coming when you have time to post. I just wasn't trading today. And I won't until what I am holding is well into the green. I don't always know when to back off but I do know when I damn well BETTER back off and today was the day. Now I will just be patient, and hold. I will admit I am not absolutely sure about BYND, but the MDR, NE, and HOS stocks will be doing good things as that sector goes up. It might not be this week or this month or even this year but it will happen. Once they are just well into the green I will be comfortable with making a few day trades again. You steered me right on the AZO and CMG the other day, and I profited by it and appreciate it.

 

[GrowleyMonster]

YAY!!! Took a $2568 profit on my 100 shares of BYND this morning. Sold at $164.01 while the gettin was good.

HAH there it goes, back down to $153. Perfect! In the back of my mind I had a profit target of $165 but hey, $164 is pretty close so I pulled the trigger and it was by chance, the perfect instant to do so. All because GF woke me up asking if I was ready for my cappuccino or not. I was thinking to sleep in a little late this morning since I don't really expect much from the oil stocks for a few days at least. Yeah, still waiting for my other stocks to get up out of the grass. HOS is almost there but I expect it to at least double in the near future, and NE and MDR I am expecting bigger things over the not so short term.

Wow that was a nice bit of wind in the sails. Thank you, BYND. Ah. Back up to $162. But if it goes to $180 I still won't be wishing I hadn't sold. Nearly a $26 profit per share is nice enough. Me and GF did the happy dance on it. I think I will go right out this morning and see if I can find some of their fake hamburger patties and grill them this evening, even though I am no longer a shareholder.

EDIT Ooops BYND made $167.49, earlier. I could have made another $3+ per share! That's okay I got a nice profit.

 

[GrowleyMonster]

HOS is listed on NYSE and trading at 77 cents. A penny less than I paid for my 4000 shares. They are going to be scrambling to get the stock back up over a buck. So a near term opportunity there, I think, but I am personally looking at the long term. NE is still in a down trend, 28 cents less than where I bought it. I am thinking after the first of the year it will have doubled from the cash inflow and prospective cash inflow from Leviathan. NE's biggest problem right now is being starved for cash. MDR is also cash starved but they have bigger issues that caused that to be. HOS just needs things to keep picking up in the Gulf of Mexico so they can get their rentals up. AFAIK they have most of their boats operating, but rates are low. I saw this years ago, decades ago actually, when I was running boats for Tidewater. Nobody wants boats growing trees through the deck boards. Idled boats are big money losers due to massive depreciation. Tidewater was the only company to make money on idled boats. They bought and bought and bought deeply discounted boats, and just stacked them up while other companies were going under, then when oil boomed they had the boats. That is how they got to be number one, in a position to eventually buy out Zapata.

 

[GrowleyMonster]

Ah. After a nice bloody mary and egg/ssg burrito brunch, I checked in and saw I am up $2700 for the day so far, counting unrealized. Net liq is up $3k from yesterday. MDR is creeping up. HOS is in the green. NE stopped or at least paused its downward slide. If it goes down to a buck, I am buying another 4000 shares. I think this is my best day trading, so far. And I didn't really trade, just sold 100 shares BYND, made three small, quick snipes at MCF, (+$81) GSM, (-$14) and MBIO (-$32), and that's it. Seems like sometimes the less I DO, the more I MAKE. Well, that's a bull market for you, I guess. Oil is still feeling very bullish to me. The services and peripherals more so than the refiners and distributors/retailers. Yeah, DRIP is up. But a lot of operations will be ramping up, a lot of holes are gonna get drilled, a lot of mud and pipe and sand and cement are gonna get bought and a lot of boats engaged to move them. Every oil company with cash wants to be exploring and developing NOW, and be in a place where they can win big when the price of oil goes back up toward $100. The companies who wait until or are forced to wait until the price goes up big, are gonna miss out. They won't be ready to take fullest advantage. So supplies and services are going to go up first. Well logging, survey, all that stuff. Temp/employment services. Etc.

"I got the world on a string, sittin' on a rainbow..."

Stupid HOS went down. Booooo, HOS. Giddyup, HOS.

Okay, back to the shop. I will check in again before the bell and see if there is something I need to put this surplus cash into.

 

[GrowleyMonster]

Noble is stubbornly refusing to do the right thing and go directly up to $3 LOL! MDR going up. HOS is back up a bit. Total gain for the day of $2733. I'll take that. But bigger things are yet to come. No new positions. I was too busy to get back to the trading desk before the bell. No new positions, just holding my big three overnight.

Just a question for anybody viewing... what happens when you hold a stock that gets delisted? Don't you still own the stock until they get relisted or get listed on another exchange? And wouldn't that maybe be a great time to buy more shares? Or would it take a dive? Or Mr. Uncertainty decides? Asking for a friend. LOL! Asking for me, specifically about HOS. Typically, when they get notification from the exchange that their listing is in peril, does that send the stock plummetting? I don't think it will come to that. I am looking for $1 or better by Tuesday, but you never know.