Trading journal update:
Bought starter position on SYNA. Chart looks promising and will add more if it takes out 6/7 high.
– SYNA turned out to be a nice capture. Initially, it put up a good fight which gave me a moment of doubt. Good thing I fought on and locked them in my book. I’m surprised at the resiliency of SYNA’s ability to hold the price above $29 despite the Dow being down 70+ points. I like the fundamental of this company due to its compatibility and ability to enhance the coming MS Windows 8 operating systems. I don’t know if SYNA will be included in the coming MS Surface PC tablet but if it does, expect to see a “PoP” in price action. I’m very happy to have captured SYNA today!
Bought USEG. Chart looks good and I like the hidden value in Mt. Emmons they own.
I added back DDD & SSYS due to DDD’s ability to withstand a sell-off. SSYS is a sympathy and a “catch the falling knife” play. Will re-evaluate position based on tomorrow price action.
Current position: AMRN DDD DNN MCP SSYS SYNA URRE USEG USU (18% 22% 24% 35%) plus 27% long-term portfolio.
Sitting on 55% 51% 38% cash.
“What about Fed meeting? Ain’t you worry about no QE3 and thus tanking the market?”
“What are you talking about? Isn’t that a ‘What if’ scenario? Price action looks good on these positions I’ve and that is all I care for now! Believe it or not, my portfolio actually is up today!”
Good Hunting!
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Added more SYNA since it took out 6/7 high.
Added a bit more SYNA due to taking out intra-day high. Possible short squeeze happening here.
Added more URRE since it took out 6/7 high as well.
Added more USU as part of portfolio balancing.
SYNA turned out to be a nice capture. Initially, it put up a good fight which gave me a moment of doubt. Good thing I fought on and locked them in my book. I’m surprised at the resiliency of SYNA’s ability to hold the price above $29 despite the Dow being down 70+ points. I like the fundamental of this company due to its compatibility and ability to enhance the coming MS Windows 8 operating systems. I don’t know if SYNA will be included in the coming MS Surface PC tablet but if it does, expect to see a “PoP” in price action. I’m very happy to have captured SYNA today!
I added back DDD & SSYS due to DDD’s ability to withstand a sell-off. SSYS is a sympathy and a “catch the falling knife” play. Will re-evaluate position based on tomorrow price action.