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Swing/Position Trades
- Thread starter dgabriel
- Start date
I have been remiss in my attention to this thread. I have been in the chatroom and have not posted my trades because many have not been of the nature that this thread is devoted to, but rather daytrades.
I have a position in Rydex Funds Nasdaq 100 the one that is 200% and a smaller position in the SP500 at 200%. Both are the bull side. The Rydex Naz cost basis is 11.03 so that is + 11% as of yesterday's close and the Rydex SP cost basis is 8.84 and that is -10% as of the close of yesterday. The Naz position is 50% larger that the SP position and they both are small positions, with a long term view.
Other trades include INVN long @ 25.20,made last week and still holding. My objective is the low 30s. And the stop I will play by ear, 22ish.
I have a position in Rydex Funds Nasdaq 100 the one that is 200% and a smaller position in the SP500 at 200%. Both are the bull side. The Rydex Naz cost basis is 11.03 so that is + 11% as of yesterday's close and the Rydex SP cost basis is 8.84 and that is -10% as of the close of yesterday. The Naz position is 50% larger that the SP position and they both are small positions, with a long term view.
Other trades include INVN long @ 25.20,made last week and still holding. My objective is the low 30s. And the stop I will play by ear, 22ish.
ah , somebody else crazy enough to play INVN ! I have both made a killing and lost my ass in that stock over the past year. Extremely news sensitive. It does look like it is trying to breakout though.
Yes, but the stock is not so crazy anymore, even if we still are.
The stock is making out a kind of C&H, and the handle now is fine, so far.
The only thing that concerns me is that huge black candle.
But it has behaved well lately in an otherwise horrible environment.
The stock is making out a kind of C&H, and the handle now is fine, so far.
The only thing that concerns me is that huge black candle.
But it has behaved well lately in an otherwise horrible environment.
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This is incredible. Most relentless widespread selling I have ever seen.
One of the great buying opportunities in a generation I think is shaping up before us. I don't agree with the idea that we are will eventually see the market take another huge leg down, but that we are more likely to witness a prolonged period of mini bull and mini bears akin to the sideways years 1961-1982.
It is time to draw up a list of candidates, and i will be looking for good relative earnings and price that is historically close to book value.
One of the great buying opportunities in a generation I think is shaping up before us. I don't agree with the idea that we are will eventually see the market take another huge leg down, but that we are more likely to witness a prolonged period of mini bull and mini bears akin to the sideways years 1961-1982.
It is time to draw up a list of candidates, and i will be looking for good relative earnings and price that is historically close to book value.
Do you believe in the importance of the 200 day moving average? I did a scan of stocks including fundamentals, and when I filtered for stocks above the 200 day moving average I filtered everything out. All the good companies that seemed to have good valuations were under their 200 day MA. Every member of the Dow 30 is now under its 200 day MA ! I have never seen that in my life.