Trading is going pretty well, and I actually feel like making a showing in this game. The more I try to do well at trading, the better I try at this game, so my picks here often reflect actual trades I'm making - as far as moving into or out of a stock. [more]
I have begun watching the markets again. I cleaned up my CAPS picks and added some new shorts, hoping to improve my score. I didn't have any money to trade in the last year, or a clue. But now I find trading with even miniscule amounts of money can be fun. I have a big hunch that things are about to take off in one direction or another. The insane BUBBLE in the price of OIL is ready to POP, and that will help stock prices A LOT. I just read in the NY Times that the Chinese had been stockpiling oil for the Olympics, and that perhaps after they are over, we will see the price of oil go down. I found that very interesting. [more]
I have no time (nor money) to follow the market these days, so it's pretty much stick with yer winners and cut yer losers, so that's what I have done. I don't even have time to screen, even though I am pretty happy with the screening criteria I have settled on during the year, and looking forward to picking many more short positions based on a screen. [more]
The top players, it has been duly noted, have more than the average number of underperform (red) picks. Well guess what, in the real world, you could never short those stocks because brokers will not margin any stock with a price less than $5. If CAPS made the rules to follow, those top players rankings would fall, and mine would rise :-) Time to upgrade the CAPS rules ...
Economic news this week has been very good. Will that boost stocks back to where they were in early July? Of course not. Some uncertainty will be floating around for a while. That's why I am dumping a few stocks that although they have excellent fundamentals, I don't like their chart patterns.