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S&P 500: 1,317.11 Change: -0.21%
rjm77me
P&P Score: 99.94   Points: 616.65   Accuracy: 77.28%   Average Pick Score: 0.89   Annual Return: 32.85% (94.05% since 7/16/09)  

rjm77me's Blog : 5% SOLUTION for swing trades

Date December 2, 2009  Edited: December 23, 2009    Comments Comments (5)    Rate this post Recommend This Post (75)   
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Update Dec 23, 09 - Took profit on STEC for now - still long BK - traded in EXM few times - also GNK had a good move today

I have taken multiple 5% plus profits in EXM or DRYS or GNK in personal account trades.
I am buying with limit buy orders and sell with limit orders. I am sitting in Asian continent and enjoying my 6 weeks vacation. I bought EXM with limit order for 6.85 and let is go for 7.30. It sold while I was asleep leaving me vacation pocket change.

Following stock charts show potential 5% plus trades.

I bought STEC with limit of 12.85. I also bought BK with limit if 26.45 yesterday.

I like AMAT, OSIP, NCTY, MCRL, FCS, PMI (speculative), IBKR, AMR
FCS -Merriman's industry checks indicate continued sell-through activity strength in notebooks/netbooks, a pickup in PC demand from the recently released Windows 7 primarily from Asia-Pacific customers and an improving recovery in industrial chip orders from the U.S. and Europe. Their checks indicate Asia-Pacific demand strength in computing and consumer electronics products could likely drive December quarter (Q4 -- expected in late January) rev to the high end of guidance. They believe FCS should trade in the $11-12 price range.

BBT - buy on pull back

ING at 9.51 offers a good entry point bought 25% position today in trading account

Tags : ING   MCRL   STEC   OSIP   NCTY   FCS   IBKR   AMR   BBT  

5 Comment(s):

Author MackTheKnife     Date December 2, 2009 13:41 Abuse this post Report Abuse
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Howdy, rjm77me!

I have taken multiple 5% plus profits in EXM or DRYS or GNK in personal account trades.

With respect to the approach you have outlined, have you considered replacing equities with options as a way to both increase your potential return and decrease your potential risk (at least in those names whose options markets evince sufficient liquidity)?

Good luck!

MackTheKnife
Author JoeJustJoe     Date December 2, 2009 15:53 Abuse this post Report Abuse
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I've gotten a 100% gain each o'the last 3 times I bot UUP calls at the 23 dollah strike. Once fer Nov expiry and twice so fer this mumph. I began buying again yestermaday...picked some up at .05 centavos and they actually gave me .02 centavos today! I'm planning on adding more in anticipation of what's in store for the markets on Fri n Mon. Fugg the 5% swing trades...I fart 5% whenst I'm not even trying....sometimes I even sssthink it's a fart but it isn't and I end up sheeyitin a fool 7% insted! :o ...STEC at 12.85? GOOG luck with thatn thur essspecially. Yer gonna need it! Gulp! :o You STILL fuggin with Dry heaves?!! I mean....DRYS. Oi veeeeeey. :-) 3J
Author sporthunter     Date December 2, 2009 18:22 Abuse this post Report Abuse
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Hey Joe - remember the buy, buy and buy more for CKSW at 5.06 - well, I have enjoyed the rebound to 5.38. Did you see their news, when you going to realize this is a winner long term.
Author JoeJustJoe     Date December 2, 2009 20:31 Abuse this post Report Abuse
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Sheeeyot...do you remember WOOHOOin the beitch at 5.88...and I sed it twas going to 5.10? Well, I'm sorry I missed by a few centavos...OK? Jeeesh...I miss by what...5 centavos..6? ...and the guy is already back actin like he did sumphin of "significance"...all you did wuz fergit to thank me! :o I'll tell you what...just cuz yer back tryin to take credit fer my "great" call methinks I will avoid for now. It's got nuphin ta do with you as a person...I'm just playing "the law of averages" ....which "clearly" states that every time Sporthunter WOOHOO's a pick it crashes n berns. I certainly "hope" you doan mind. Ifn for some uknown reason it fills that gapola down to like 3.25 or so that still shows up on the 1 year chart pleez feel free to chime in then. *-) BTW, I added yer CCJ to my open list today and gave you credit for it....just like last time...twice actually :-) Ya want I should let ya know whenst I hit APA again? I'm going for "the biggun" next time. :o 3J
Author rjm77me     Date December 3, 2009 12:28 Abuse this post Report Abuse
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MackTheKnife
Yes I do use options - some times trading stocks is easier. In my IRA I prefer to buy the stock and sell the call - like buying ING at 9.51 and selling Dec10 call for 30Cents
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