Today was actually a quiet day except for the morning frenzy in which I, again, dumped all my swing trades with no remorse. I summoned them all up in my office and said, “You are all fired!”. Only this time, all the stocks just rolled their eyes and gave each other a knowingly smile ’cause they knew I would hire them back in no time.
I went away and came back to my desk to find $FB roaring back to life!
“Holy Smoke! What did I miss?”
I tried to buy some $FB back at some retracement point but price never even gave it a glance. So I bought a starter position and leave my original limit order in place hoping that it would go back down later to hit my buy order.
Nope. No such luck for me today. So, I bite the bullet and bought some more above $26.00.
Since $FB was an alert from a good fellow (Sooz) from here, I naturally looked at his other alert which was $POT. Lo and behold, the chart looked fantastic for a bottom-fishing exercise. With a support nearby, it looked like a good bet with a fantastic risk/reward ratio to go with. So, without further ado, I bought some $POT immediately.
I’m quite impressed with the tenacity of the bull for the last two weeks. It just kept going and going and going despite the bear ferocious attempt to scare the weak hands. Yeah, I’m one of the weak hands when it comes to swing trade. But I’m also one of the quick one to jump right back in. Come to think of it, there are A LOT of people like me jumping back in when they sense the bear is taking a night cap. Hence, the bull just kept on coming back.
Giving the market was working its way back up, I bought back $GLOG as well as buying back some $SZYM I sold this morning with the intent to buy some back cheaper.
$DDD also looked healthy again so I bought back what I sold this morning.
I watched $WPRT closely but price action was acting a bit defensive in the last hour; nevertheless, near the close, price spiked up a bit so I decided to jump back in.
That was pretty much for the day. I didn’t even try to buy $AAPL for a day-trade since it had been behaving poorly all day. What’s up with $AAPL anyway? Did Snow White took a bite out of it?
Well, I’m feeling bullish giving today price action and I can’t wait till Friday to see if the bull can crack open the GW2.
Current holdings:
LRAD, AMRN, TINY, SZYM, FB, POT, DDD WPRT, GLOG and 32% cash.
My 2 cents.
If you enjoy the content at iBankCoin, please follow us on Twitter
