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Friday, November 8, 2013

Market Watch Game Update


Here is this week's Market Watch game update. It was a pretty demoralizing week; I knew we were heading for trouble in the market and was determined not to take a big draw down, but the combination of over aggressiveness and carelessness got me.

Ticker Price Shares Buy Date Position Sell Price Sell Date Gain Percent Stop
AEL 19.85 500 08/30/13 9925 20.69 11/01/13 420 4.23%
DLPH 56.66 100 09/09/13 5666 57.09 11/01/13 43 0.76%
ICON 34.28 150 09/09/13 5142 37.81
529.5 10.30% 36
PKG 54.55 200 09/11/13 10910 61.16 11/05/13 1322 12.12%
PKG 60.14 200 09/17/13 12028 61.16 11/05/13 204 1.70%
AEL 21.27 500 10/01/13 10635 20.69 11/01/13 -290 -2.73%
PDO 5.32 200 10/17/13 1064 5.3224
0.48 0.05%
LL 114.03 90 10/23/13 10262.7 111.1135
-262.485 -2.56%
PATK 32.21 300 10/24/13 9663 28.62 11/08/13 -1077 -11.15%
NUS 116.77 90 10/28/13 10509.3 112.15
-415.8 -3.96%
ICON 34.26 150 10/29/13 5139 37.87
541.5 10.54% 36
CIR 67.12 150 10/30/13 10068 74.26
1071 10.64% 73.49
KS 51.76 200 11/01/13 10352 48.835
-585 -5.65%
DAL 27.56 350 11/04/13 9646 27.37
-66.5 -0.69%
HCLP 33.48 300 11/05/13 10044 30 11/06/13 -1044 -10.39%
LL 115.93 90 11/06/13 10433.7 111.1135
-433.485 -4.15%
NUS 119.01 90 11/05/13 10710.9 112.15
-617.4 -5.76%


Here are the completed trades and open positions this week. HCLP was an interesting looking stock on the relative strength list, and I picked it up on the breakout; I didn't bother to look at the earnings schedule, and got crushed when it reported the next day. PATK has done nothing but drop since I bought it, I waited way too long to dump that. I added to LL and NUS, but too early, and now I am underwater on both positions. I have been way too aggressive trying to catch up here; at this late stage of the rally I should have no more than 2 or 3 open positions. I am going to have to give up on the idea of catching the market, and shift the emphasis to not losing money. I am also looking to pick up some shorts on this bounce; I think we might be in for a pretty hefty drop this month. This has been a really demoralizing week, and I saw it coming, I just didn't act on it.

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