New shorts:
TBSI (35.20)
Completely sold longs:
SID ( +2.68% at 38.20, bought at 37.25)
Completely covered shorts:
PCX ( +4.71% at 119.52, shorted at 125.43)
EGO ( -6.70% at 8.26, shorted at 7.75) *partial position/completed)
So, for those of you who followed me back at thehawaiitrader.com, you pretty much know how this works. I post every trade I make, and all the sales, even the partial sales. This is strictly me thinking out loud, and every week I go back and review the trades I made, to see what I did good, bad, and basically find correlations in the market. Therefore, I’m not really telling anyone what to buy or short. Do as you please, risk what you want. Below my trades I usually type a “Trader Notes” section, which may be the most valuable thing about these Trade posts. Once again, its me thinking out loud, taking notes on certain stocks and trends.
Every Friday I post a recap of all the trades I made throughout the week. So, later on tonight, I’ll post my weekly cap.
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LOVE the coconut header! That’s good stuff!
Yeah, Fly’s IT guy did a great job! Took me a few seconds to figure out it was a coconut.
Im surprised you are shorting TBSI here. $35.00 has been my buy price for the last 3 months. I will admit, the BDI makes things look very bleak.
Whats your reasoning and how much do you like Maui? I went there 4 times last year. I love the place.
That’s Jeremy, and he’s so gangster it’s hard to believe he lives in Minnesota and not compton.
Hey Gio. Nice to see you over here. Now I don’t have to read two blogs now that you are on IBC.
I got into BABY today. Nice looking chart.
Just noticed Jeremy managed to import you old site plus comments. Damn!
I’ve looked at some of the code on these pages from time to time. What a perfectionist. I have a feeling Jeremy was in the “Revenge of the Nerds” movies.
Hey Gio,
I follow the waves ovah Heear:
http://caldaroew.spaces.live.com/default.aspx
Support for the SPX remains at 1261 and then 1240, with resistance at 1287 and then 1316. Short term momentum rose a bit off of oversold levels, while the near term indicators continued to edge lower. Thus far, the 1261 pivot is holding support and the market should rally to higher highs next week.
Any chance you’ll be giving us daily or weekly wave reports or should I keep the OEM blog coming. Regards and welcome to IBC.
Employee,
Not to ruin your weekend, but we closed below 1261 today.
_
Employee… thanks for the link, I’ll check it out tonight.
Jeremy is a genius. He pays a lot of attention to detail. I vote he gives us one of his seasonality reports soon.
Thanks!
Jake:
Pivot points allow for about 1/2 of a percentage point movement up or down without killing the wave formation …
That summation is from the author after the market close …
I’m hanging ten with him for the last big one before the tsunami hits.
went to a bonfire last week… cover up… fire was nice, but i caught a cold.
Hey GWAR, I’m only holding TBSI for a few days. They report sometime next week. I’m playing the weakness in the shippers as a whole. See DRYS, EXM, and DSX… all testing key supports for the 1,253th time this past week.
Hey stuck, which beach did you go? It’s hard to find a beach here where the cops won’t show up in 30 minutes to put out the fire. Hey, don’t forget we need some earnings plays next week.
Hey VinceL, haven’t seen you in a while! Well, now you know where to find me.