Don't pay dollar to keep 2 cents when wrong. Cut your losses quickly. Trade what you see, not what you think.
Joined Oct 26, 2011
719 Blog Posts

Anted up once again

What do you say when the stuff you expected to see happening did not happen?

“Oh, somebody sold me another faked crystal ball!”

Did I just say that?  Damn!

Well, even though today is a tepid small range up day; I’m definitely motivated to jump back in simply because today is not a down day I was expecting to see.

I bought back GLOG in $11.20ish; AMRN in the $13ish. CCJ back in the low $20; and SZYM around $12.30

Together with my LT equity investment, I am now 40% invested.

Below is the GLOG daily chart.  There is a “possibility” of a runner here.

Below is the AMRN daily chart.  This one looks more and more like a “definite” take over target.  Beware of my bias lean on the word “definite”.  I’ve a track record of being wrong.

Below is the 15m chart of CCJ.  This is definitely bottom picking here; but my stop is close so it is now a low risk trade.

Below is the daily chart of SZYM.  Another bottom-picking idea; however, I did not put a lot of money behind this bet.  There seem to be some support in the low $12 area.

Happy Hunting!

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  1. raul3

    Sometimes what doesn’t happen is just as interesting, like the dog that didn’t bark in the night.

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  2. zenhunter

    Trading journal update:

    Sold CCJ for a teeny losses. Flat on CCJ for now. Will watch for possible re-entry later.

    Reduced AMRN position by half. Will watch for possible re-entry later.

    No change on GLOG.

    No change on SZYM.

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  3. Heisenberg

    CCJ is a little bitch! Fundies are there but can’t get a break! Flat on it on the Cdn side but I want out!!

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