6 After getting up and observing the flatness, I went back to bed to take a nap, as I feel like I’ve been tossed down a mountainside. The market is being finicky here, with small dark pools of volume. This is what I am looking to trade. I am up very nicely so far in 2013, but I don’t want to press my luck, thus I am looking for quick swings for a few percent, here and there.
After running some screens and looking at some seasonality, I found some names to watch, and also made some moves.
Long:
PMT stop at $25.00
BEN stop at $149.50
MGA stop at $57.00 (Here’s EM’s take on the name)
Short:
BCOV stop to cover at $7.00
Added:
NFLX raising cost basis to $146.095
All the names I am interested in
ILMN BCOV BWLD IMAX MGA MX WLL BEN REXX PMT
Charts here
Trying to stand toe-to-toe here is silly, move your head, feint, and pick your shots. There will be plenty of time to swing for the fences.
6 Responses to “Moving My Head, and Picking My Shots”
elizamae
Welcome aboard the MGAwagon. Plenty of good seats still available
Rhino
I looked but couldn’t find your post on the name? May I have it so that I may post it here?
elizamae
From January 23: http://ibankcoin.com/elizamae/2013/01/23/mga-mga-mga/
Rhino
Perfecto
Marc David
Went back to bed to take a nap? You just said you were on Full Throttle mode?
No time for sleeping in a park like is customary in the part of the country you live.
Post your Invastion Part 3 and forget this borning ass market.
It’s over dude. Summer trading is almost here.
Rhino
Dude, my nap was from 8:30 to 9:30, LOL, and not in a park/