Recommended Reading

Google Search

Google
 
Charts courtesy of stockcharts.com

Friday, April 27, 2012

Market Watch Game Update


Here are the current standings in the Market Watch game. I did pretty well with my short selling on Wednesday, but gave back about half of it on Thursday. I am now switching my bias to long positions.

Hereare my current poitions. 3 of them were supposed to be shorts, but I apparently entered them wrong and they ended up being buys. For whatever reason the bonehead mistakes I have made have been impeccably timed and I have actually done pretty well with them.


Ticker Price Shares Short Date Position Cover Price Cover Date Gain Percent Stop
HOGS 10.06 100 04/09/12 1006 9.48 04/17/12 58 5.77%
AE 70.8 25 04/10/12 1770 57.23 04/24/12 339.25 19.17%
CBOU 17.3 100 04/10/12 1730 16.55 04/26/12 75 4.34%
CF 180.3 10 04/10/12 1803 190 04/01/12 -97 -5.38%
OC 33.77 50 04/11/12 1688.5 34.55
-39 -2.31% 34.77
WLK 61.28 25 04/12/12 1532 62.28 04/25/12 -25 -1.63%
PHM 8.61 200 04/12/12 1722 8.36 04/24/12 50 2.90%
URI 40.45 50 04/12/12 2022.5 44.38 04/18/12 -196.5 -9.72%
FFIV 126 10 04/12/12 1260 123.09 04/18/12 29.1 2.31%
ABD 11.66 100 04/16/12 1166 11.17 04/20/12 49 4.20%
GRA 55.72 50 04/16/12 2786 55 04/24/12 36 1.29%
BWLD 84.35 25 04/17/12 2108.75 83 04/24/12 33.75 1.60%
PXD 107.67 10 04/17/12 1076.7 107.82 04/25/12 -1.5 -0.14%
RYL 17.83 100 04/18/12 1783 18.5 04/24/12 -67 -3.76%
TOL 23.46 100 04/19/12 2346 23.21 04/24/12 25 1.07%
Total





269.1


Here is summary of the the shorts I have entered in the last couple of weeks (not including the ill-fated AAPL and PCLN shorts).  My strategy was to take many small loses and hit a couple of home runs. I had one in AE, and should have had one in CBOU but failed to update my stop on Thursday and gave back about half of what I had gained in it. My strategy was further complicated by earnings:I dumped a lot of these just before they reported, for either small gains or losses. I had one (URI) that I missed, and it gapped up on earnings, stopping me out for a bigger loss than I wanted. I gained $269.10 overall on these trades, but counting up the number of trades, that doesn't even cover comissions. I have decided to increase my starter positions: they were between $1500-2000: now for most positions I will double that. These last couple of weeks have been quite educational for me, and a lot of fun. If you want to join the game the link is on the right side of the page.

No comments:

Google Analytics