9/14/2010 Portfolio Update

Kunal
Desai
September 14, 2010
How to trade stocksbows-opengraphTrading-Watch-List

Out of fear that we may be done climbing, I slimmed out my positions a little bit today and am holding more cash than Monday.

 

AMCC - out for break even.. That was bad trade management on my part. The chart is still holding bullish pattern and there were better exit points for me today - ran out the exit door too quickly.

 

GAP - 3.58 long // exit 1/2 at 3.80 and 1/2 at 3.98 - Great trade. Thanks Kunal!

 

THQI - 3.57 long swing // exit 1/2 at 3.70   and 1/2 at 3.73 - Good swing.

ENER - 5.09 long // exit 5.00.  Took a loss here.  I was looking for an SMA100 breakout that never happened.

 

BEE - 3.99 // exit 4.06.  I just got tired of watching this one. Yes, that's not a good trading technique, but I wanted to move on - it just didn't feel like it had the energy.

 

SOLR - made 3.5% gain on swing from last week.

 

I also played TZA a few times in and out for some good gains.  I play TZA/TNA in the background all the time now on general market directional moves.

 

Current positions:

 

PAL  - 3.76 long

ATPG - 2.15 long

KKD - 4.42 long

 

Late buy (after market):  added VGZ at 2.05 - I can't explain the huge sell-off, so I'm hoping for a little pop in the morning.

 

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