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WOW....45 minutes to go and What a birthday present.....If you only knew how green it looks!!!!

Currently: 184 positions

29 DOWN (Worst performer ----PG -3.11%) only 5 stocks down more than 2%
155 UP (Best 2 performers -------SMTX +31.5%, AVNX +16%) 46 stocks up over 2%//////12 stocks up over +4%

Drunk as a Skunk and getting richer....Capitalism is so wrong....

:D :D


For the Nice Man who questioned my PETC call around 19.40 in a private message..PETC (+6.1% today) one month chart...Just kidding but It had a great 2 week run for a retailer like this!!! Told YA going right back to 22
 

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This is so ICEing on the cake.....Sold ICE yesterday....and it's still on my watchlist screen, worst performer of all 184 position's.....ICE is DOWN -3.7%.......That's the best dam present I could of asked for today!!!

Making good calls is BLISS.....

$COSTAverageMAN
 

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Found out about ICE, Herb Greenberg wrote a nasty article about it's irrational exuberance price...

Also on my mind Was FTGX little move I pointed to yesterday....Well It continued throughout today....It's A small optical play Cramer hasn't mentioned yet.....Maybe tonight he calls it out...Just Kidding

Well here's the 5 Day...I wish I wasn't drinking today, I would of seen this....OH WELL

Well If you liked 13% yesterday on FTGX you gotta love 18% today....(FNSR, AVNX, FTGX its like the small dollar Fiber Optic sisters that are smoking)

Does anybody know any other FIBER on FIRE right now....These have been great momentum plays!!!!

AND FOR THE RECORD.....I only have 2 scothes a day.....But Today is the exception
 

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Well Since I am a strong believer in "Weak Form Efficiency" I believe one can earn abnormal returns in the market if they do their homework....I also believe that technical analysis can be used to help with entry and exit points....While "Weak Form" believers feel their is no use for technicals....So in this sense I am not very sure where I stand in this Efficient Market Hypothesis (EMH)....

So to my Question of the DAY......With the increase of access to the market through electronic trading and the increasing number of NOISE traders (NOT PROFESSIONALS) that enter and exit trades daily...Wouldn't it be fair to say that the normal arbitrage opportunities that existed years back (Before the Internet Market Revolution) that professionals would enter into, to bring prices of equities back to fundamental values has gotten much more risky?

And if It is more Risky for Professionals to go against the MOMENTUM STOCKS to earn profits through arbitrage strategies, wouldn't that make many momentum stocks way overvalued...If No Professional is willing to take a stock like HANS(just example) short, for fear that the NOISE traders will just keep pushing prices higher----Then where does it end?

I guess what I'm saying is if you can't beat them then join them....And the number of NOISE traders are increasing everyday while I don't see that many arbitrageurs jumping in and taking momentum stocks down closer to fundamental valuations.....Instead I see them jumping in for the ride....This could be a huge problem for equity market's world wide...(Just My Opinion)

I wonder How many points "Crazy MAN Cramer" has added to the S&P in his 1st year with his own show....Since I believe "Weak Form efficiency" my guess is that the noise/momentum traders piling into his recommendations have added like "12".......What's yours?

Comments welcome on this inner struggle I am having on my Birthday.....Since I got No one to celebrate with tonight I thought I would start a debate....I doubt I get a respond though!!!!

ERTS--Looks like a double bottom...Any guesses on this one!!!
I went with MCZ recently (Little X-Box, PS 3 and other game controller generic maker)
And have had nice profits in GME and looking to re-enter...
Not the GAMER at my age...This is my game!!!

$COSTAverageMAN
 

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Quote from $CostAverageMAN:


ERTS--Looks like a double bottom...Any guesses on this one!!!

$COSTAverageMAN
More...
Happy Birthday $Cost$.....Great Journal!....probably one of the best on ET (my favorite one to read at least).

As for ERTS....it had some nice volume today, but you might see resistance at the 50day (53.90)....i wouldnt be a buyer until that is taken out on nice volume, then make a mental note of the 200day as a short term target sell point.

keep up the good trading!
~J
 
Quote from $CostAverageMAN:

Well If you liked 13% yesterday on FTGX you gotta love 18% today....(FNSR, AVNX, FTGX its like the small dollar Fiber Optic sisters that are smoking)

Does anybody know any other FIBER on FIRE right now....These have been great momentum plays!!!!
More...

Check out AFOP (Alliance Fiber Optic Products)....and happy birthday. :)
 
Mixed Day for the Anomoly today........Selling some winners, looking to reduce positions before FRIDAY QUADRUPLE WITCHING DAY.........

Bought

KSU-23.77
tdg-23.56
AVM-27.78
FLOW-11.40 (Dollar Costing down 18%)
SVVS-1.19
NENG-2.95
ZOLT-17.40
SIMO-12.49 (Dollar Costing)
LPTH-5.28
PTSC-1.20
WPSC-17.40
CEPH-16.05 (Dollar Costing)

SOLD
TRMS-14.17
TRAD-15.51
OS-47.05
NBR-67.70
NBL-41.01
MTN-37.68
FAST-46.01

Bought the LPTH when It poped early this morning and was waiting for some volume to confirm....This Stock stays in my 100 watch list, because of the kind of moves it can make....
 

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FLOW----This is a perfect example of why I have Dollar Costing Limit Buy orders on most stocks much lower than where they are trading today!!!!!

I had nothing to do with this today .....It was just an old order put in when I bought FLOW the other day as a Dollar Costing Level, that got executed today when It gapped down and the stock rebounded beautifully....And yes this has burned me bad in the past, but also has gotten me stock at very low levels....
 

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