By William Cash Column: W$: Trade by Trade
I have not been blogging for a while on the trading. I have been trading mostly kneejerk trades and trend trading EBIX.
I keep buying EBIX on the low and then selling it kind of close to the highs, (within a couple bucks usually.) I bought American Airlines on the day that they went bankrupt. It was awesome. It tanked all the way down to .20. I tried to fill there but could not get filled until .24 then sold at .36, bought again at .33, .36 and .40…held several days and sold at .99 off of the days high of 1.15 I think. Great kneejerk trade. The EBIX is just about ready to sell when it gets a little closer to $30. That stock continues to be one of the main stocks that I invest in. It may take a few months but it gives me 3-5k per trade. I am thankful for that. I have also been buying cys and two other mreits. I like the dividends that they give me and if you buy on the low you may be able to pad your portfolio with some constant returns. Some of these divs are giving 20% divs…works out to about 5% net per quarter.
I really have not traded any pinkies or otc for a while. I have not made the time for it. Just looking for things that are a bit more gradual. OK, not everything so gradual….still trading the kneejerk trades. I have not missed on the last 7 of them. Maybe I’ll just keep doing it this way for a while and see how it goes.
Are any of you guys or gals still trading from the TAM group, or am I alone?
W$
By William Cash Column: W$: Trade by Trade
I have not posted 4 a while. Still trading, but have just been trading a few stocks. Nothing very exciting. I do see some crappy market conditions and just thought I’d let you know I’m still active.
W$
By William Cash Column: W$: Trade by Trade
I bought EBIX a while ago. It finally has gone up a bit. The only thing that bugs me about them is their goodwill on their books. I have gotten several varying opinions about them for the longterm, but I am sticking with them to see how it pans out. I’m up a couple thousand with this stock so far and I’m looking to hold for another split this next year. Thoughts?
I guess we’ll see. Its off the bottom and is ok for now.
Also, I have been daytrading FAZ / FAS. I like those ETFs. Its been good for .5 to $1 a share a day.
I have not been buying many pinkies as I am really busy at the shop. I miss the craziness of them.
W$
By William Cash Column: W$: Trade by Trade
Hi,
I have been buying a bunch of stinky pinkies as they come up. Have not been doing a lot as the business is demanding so much attention. We are very busy. Its a good thing. I’m not complaining.
Have been buying stocks (1-4 per mo.) that have tanked to hell. Winning only 75% of the time. But 75 is better than 0.
When it slows down I will give it more of a shot. Still ahead of the game, but not by a ton.
Happy Trades!
W$
By Orion Column: The Daily Nerve
Just a quick note to update on where I am in the market.
The markets have been heading south.
Sells
- Stopped out of FO at 47.14 for a loss of 1.00
- Stopped out of BBBY at 40.20 for a loss of 1.00
- Stopped out of CCL at 33.70 for a loss of 1.12
Buys
- Bought HD at 30.30 off of lower trendline support, stop set at 29.30, target 32.50 (7.3%)
- Bought KIRK at 17.90 off lower trendline support, stop set at 16.60, target 20.70 (15.6%)
- Bough BIG at 31.50 off lower trendline support, stop set at 30.50, target 34.00 (7.9%)
- Bought JWN at 36.10 off lower trendline support, stop set at 35.10, target 40.00 (10.8%)
Good luck and green trades!
-Orion
