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Momentum21 (69.97)

The Momentum21 Real Life Update

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September 25, 2009 – Comments (3) | RELATED TICKERS: ABR , AOI , WNR

ABR - 13%

AOI - 13%

EUO - 10%

KV-A - 9%

MWA - 13%

OPCDF - 8%

SAY - 12%

SQNM - 11%

WNR - 10%

Best performer - ABR at 37%

Worst performer - EUO at -5.7%

The moves in the market seem very bearish this week. Particularly on Tuesday when my profits were essentially sliced by 1/3. If we break 1040 on Monday I will hedge back up or start paring back a bit. I had an itchy trigger finger today but glad I came to my senses and showed some restraint.

As much as I love to guess market direction I finally admit to having no clue.

I am worried but there does seem to be lots of caution and pullback talk out there. So if someone put a gun to my had and asked me to make a call I am gonna say we resume the rally next week and make new highs. Then I will start scaling out and hedging up. : ) 

 

 

 

 

3 Comments – Post Your Own

#1) On September 26, 2009 at 6:29 AM, kaskoosek (99.76) wrote:

You have one high beta portfolio. Though I see a lot of under priced picks.

 

You should become more bullish when prices decrease and not the other way around. 

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#2) On September 26, 2009 at 9:31 AM, portefeuille (99.96) wrote:

Some of those can be found in the allstarportfolio.

 

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#3) On September 29, 2009 at 6:28 PM, Momentum21 (69.97) wrote:

Exited my complete position of SQNM at 3.42 today. Yes this might bounce on speculation but also could start tracking towards zero. This was a 40% hit and I decided to take my medicine instead of hoping for a short squeeze.

I also took profits on my ABR and sold 50% of that position.

A portion of the proceeds goes to SRS to hedge for the quarterly close. 

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