iBankCoin
I turn dials and fiddle with knobs to hone in on harmonic rotations
Joined Oct 26, 2011
3,535 Blog Posts

Morning Jitters Lead to Afternoon Winners but China’s GDP Is Really for Dinner(s)

After getting off to a rough start this morning, the markets gained traction and we saw the mobile/social tech space heat up into the late lunch hour.  I sold my TPX in the morning, for no god damned reason.  I also traded FB like shit; chasing a flag only to stop out of what I thought would be a few day swing trade.  I had no other choice but to make a little break and have a long swim.  I returned very calmly to a market full of Fanta.

I purchased shares of Pandora on the rumored bid from Comcast.  Turned out the rumor was FALSE. If you recall, I sold my stake yesterday just under ten.  I should have stayed bracket committed yesterday instead of being a fruity fearer of round numbers. It cost me around forty cents. However I have retained my newly purchased shares.  Should the market gain traction, shares could rip up to bracket high $11-11.50 where I will scale 1/3 and reassess.  Shares went from up over 8% to up around 4%

Zillow recaptured $40.00 which seems significant considering the market’s reaction to the achievement.  Price went on to rip through $41 and looks beast.  Investor’s reacted positively to notes out from Zillow stating they’re getting a fuckton of mobile traffic to their site, a trait so important to web services in our transitory computing environment.

@mrtopstep tweeted about a trading break rule.  He says making a little pause after having either two profitable or five unprofitable deals in a row is his rule.  I may implement a rule like this albeit tweaked to swing trading.  I would love to hear any similar rules your guys adhere to.

Top picks going into the night we all watch the Chinese release capitalist data: YELP & Z

Good day good traders,

http://www.youtube.com/watch?v=Gh8m4v5WkwQ&feature=youtube_gdata_player

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