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MLGtrader (99.87)

New Actively Managed Fund to watch

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June 02, 2009 – Comments (16) | RELATED TICKERS: BAMM , BTH , SPY

About me
I have been trading stocks for two years now.  I learned how to trade from playing stock games, reading blogs, and doing my own research.  I am currently a UC Berkeley undergraduate studying Civil Engineering.  I dedicate most of my free time to trading.

About the fund
Recently, I got the amazing opportunity to start an actively managed fund of $30000 for a fellow student.  I hope to display some of the trading skills that I have developed actively managing my own account over the past two years.

About trading strategies
I mostly trade small cap stocks because they are not highly followed by trading hedge funds and analysts.  This creates great opportunities for trades who know how to find opportunities.  I trade mostly using support and resistance and short term fundamental fluctuations.  I find that other technical indicators are too far-fetched and relative to be consistently effective.

About my blogs
I will be following the trading account on this blog, giving the trades that I make and my take on the market.  Feel free to ask questions and comment.

 

Fund start date: 6/1/09 ::: $30000

trades:

short BAMM at $7.18 with $10000 with a stop at $7.51

They own and operate bookstores.  They have positive earnings and a better balance sheet than the previous two companies, but it is still relatively weak with high debt.  I recommend shorting the stock more on a technical basis.  Their stock has risen several hundred percent from the lows.  They have regained nearly all of their October losses.  There is resistance still in place from the September 2008 levels at 7.30.


short BTH at $36.10 with $8000 with a stop at $39.31

They operate a high-end home decor retail shop.  They have a reasonable balance sheet and earnings, but purely overbought.  I was bearish back in the $25 range.  Strong negative momentum has taken over recently.  Normally, I like getting short before the downtrend forms, but I am still bearish on this stock for a ways down.

16 Comments – Post Your Own

#1) On June 02, 2009 at 2:11 AM, SuperPicks (99.53) wrote:

Wish the best for you and this new endeavor & ofcourse, more importantly, your higher-learning endeavors.

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#2) On June 02, 2009 at 9:45 AM, REITDUDE (35.14) wrote:

Good luck!

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#3) On June 02, 2009 at 10:45 AM, MLGtrader (99.87) wrote:

6/2 ::: $30,450

latest trade short $4000 COT at $6.68  stop at $7.55

This thing could run up another 5-10%, but will have a very hard time breaking $7.50.  I will short more if it reaches $7.

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#4) On June 02, 2009 at 11:26 AM, MLGtrader (99.87) wrote:

6/2 ::: $30,240

latest trade short $4000 TBSI at $11.83 stop at $12.17

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#5) On June 03, 2009 at 10:27 AM, MLGtrader (99.87) wrote:

6/3 ::: $31,660

latest trade: short JST at 31.40 with $4500 stop at $32

technicals turned bearish for JST today.  

 As the account becomes fully invested, there will be less trades less often.  I hope to hold most of these positions over a week.  Some I will hold as long as a month.

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#6) On June 04, 2009 at 11:44 AM, MLGtrader (99.87) wrote:

6/4 ::: 31600

covered TBSI at 10.05 17% gains
covered BTH at 34.20  5% gains

 

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#7) On June 05, 2009 at 1:40 PM, MLGtrader (99.87) wrote:

6/5 ::: 31,375
short 6000 of SMP at 6.14 stop at 6.33
long 6000 of TBSI at 10.07 stop at 9.73

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#8) On June 06, 2009 at 12:56 PM, Pirilion (< 20) wrote:

thanks for posting Stops as well. Appreciate it. GL

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#9) On June 08, 2009 at 7:51 PM, MLGtrader (99.87) wrote:

6/8 ::: $31,690

Stopped out of SMP and TBSI.  Took gains on JST at 28.65.

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#10) On June 09, 2009 at 2:24 PM, MLGtrader (99.87) wrote:


took small gains on BAMM at 6.94
shorted ANV at 8.15, stop at 8.49
shorted TACT at 5.45, stop at 6.20  I will consider adding to TACT if the shares rise to 5.85










6/9 ::: $31000

short MRCY at 8.88 stop at 10.03 (looking to take some quick gains on about half of the position, and hold the other half a bit longer)
short ACCLat 5.13 stop at 5.75 (will add to short position if it reaches 5.45, but keep stop in at 5.75)

I am trying to get most of our money to work because short term indicators for me are strongly signaling a pullback.  The VIX is at support, the S&P is at 950 resistance. I hope to capture some of this pullback with these recent short trades. 

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#11) On June 11, 2009 at 11:26 AM, MLGtrader (99.87) wrote:

6/11 :::31000
shorted NDN at 12.77 with 15000 and a stop at 12.95

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#12) On June 16, 2009 at 4:37 PM, MLGtrader (99.87) wrote:

6/16 ::: $31,560
covered BTH today at 30.97

current positions:
short COT with $7000
short TACT with $5000

I am shopping around for more positions in the next couple days

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#13) On June 23, 2009 at 11:42 PM, CVMp (90.85) wrote:

Watch your costs and risk.  Think for yourself.  If you love it, do it for a living.

 

Nice job so far.  Good luck.

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#14) On June 25, 2009 at 4:41 PM, TigerPackFund (96.17) wrote:

MLGtrader- 

I hope you can participate in the new "collective" picking system portfolio we have devised for a small group of Top CAPS members.  Click below to read the blog under the new TigerPackFund member name explaining our effort: 

http://caps.fool.com/Blogs/ViewPost.aspx?bpid=215551&t=01008389776301665428

We could absolutely use your smarts and experience to generate a higher return for readers.

We are basically asking you to pick up to 5 stocks at time, under the normal CAPS rules and scoring system.  Our goal is to find a solid group of 40 members who have proven themselves already, to be our regular contributing stock pickers.

-TigerPack

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#15) On August 25, 2009 at 3:23 AM, APJ4RealHoldings (83.87) wrote:

I've fared oddly well this past 3 months.

My net short position as of today is about 20%. 

I'll keep my net short position between 0-30% until we see a major correction (between now & 2015)

At times I wonder how you were faring on this endeavour, hope you are able to control your risk & volatility. 

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#16) On September 24, 2009 at 11:51 PM, APJ4RealHoldings (83.87) wrote:

Thought I'd check in with you.  How are things going?

Out of all the top bearish CAPs players, you have fared quite well comparatively as most of the others have cratered.  Good work. 

Since I value your insight, especially within the financial sector, at any point in teh future, after reading this, please provide your insight on a blog post I just put up (if you can): Small Banks. Potential for Riches or Rags

 

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