Today Portfolio Adjustment (03-20-2013)

Well, today is one of those day where I’m missing the boat because I cut my loss quickly.  $BBRY gapped up at the open and I decided not to chase it.  This is one of those case where I’ve to accept the inevitable of missing some gap up by taking loss earlier.  It is the price we all have to pay once in a while.  It is a fair price considering the larger losses I may have taken if I’ve not taken loss earlier.

Did I kick myself?  Well, I did utter the word “Darn!” when I saw the price.  Do that count?

Afterward, I’ve completely forgotten about the “missed” trade and have been busy with my other stuffs.

Anyway, $PACB went higher and I bought a bit more.  $AAPL was not behaving in a up market so I decided to sell it at breakeven.  Then I had to be away from my computers for awhile; and when I came back I was surprised to see $PACB printing below yesterday close after a strong opening.  Immediately, I sold 2/3 of my position to lock in profit.  Unfortunately, there were no buyers to bid the price back up and the price continued to trend lower; so I sold the rest of my $PACB.  Because I bought some more in the morning, I had to give back some profit from yesterday gain.  But overall, I still came out nicely.

I checked $DDD and saw that it was trying to come back.  Using yesterday low as a stop, I consider it a low risk trade so I bought a starter position using a GTC (good till cancel) stop.

I also like $XONE action so I bought a small starter position as well.

After getting out of $PACB, I took a look at $DCTH and was impressed with its late day rally.  It was down all morning but interest seemed to come back.  So, without thinking too much, I bought back my $DCTH to see if this bounce would kick off the rally I was waiting for.  Remember, just because I’ve gotten out of a stock to cut loss doesn’t mean I’m not interested in it.  Far from it, I’m even more interested watching it as a bystander waiting for the moment to jump back in. Think about it, your mind is much clearer looking at price action when you are not carrying the losses from your prior entry.  Your mind is free and clear and you can look at it like a new trade with profit possibility instead of looking at it like a stock you need to get back to breakeven.

I also added to my $TINY position to build it up to the size I wanted to hold for a longer term position play.

Today, I’m taking heat from $AMRN and $SZYM but the impact is being offset by gain on $LRAD.

Basically, it is a non-eventful day so far.

Current positions:

LRAD, AMRN, SZYM, TINY, DDD, DCTH, CUR, CDXS, XONE and 35% cash.

My 2 cents.

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