Thursday, May 28, 2009

New Stop for CAT (34.17)

Caterpillar will be let go if $34 is breached.

Wednesday, May 27, 2009

Quiksilver (ZQK $2.53)

We'll be into a spec. stake today if the volume is there.

1:25 PM UPDATE: In at $2.61, stop $2.20.

News Catching My Eye

GM Speeding Towards Bankruptcy

Tuesday, May 26, 2009

Support Levels

DJIA 8200
NAZ 1664
S&P 875

Friday, May 22, 2009

GameStop @ 22.90

We were stopped out of GME up around $28 and now it trades under $23.  Another example of discipline and sticking to it.

Thursday, May 14, 2009

Bill Seidman Passes at 88

Grew up watching Bill Seidman.  Good guy.

Thursday, May 7, 2009

Quiksilver (ZQK $1.99)

Quiksilver, good company,great brands, the best team, bad stock...for now.

Marketwatch article on Roxy brand.

Derexion Financial Bear 3X

Betting against the financials, underweight position.

Stopped Out

Stopped out of ORLY, BEBE, & SMH.

Difficult market to navigate.

Wednesday, May 6, 2009

BEBE

New stop on Bebe Stores is $8.50

GameStopped Out

Out of GME at 27.94

Friday, May 1, 2009

Stop Thinking The Bear Market is Over

Henry Blodget writes, "Now that stocks have rallied nearly 30% off their lows, pundits agree: It's a new bull market.  So be very afraid."