Position Trading Account:
I will exit TEAM and VVUS at open Monday for market price.
That will leave about $10,000 cash in the account.
Account is up $8500, or 24.3% since 3/1/98
Remaining stocks are as follows:
SYMBL PRICE SHARES CLOSE COST VALUE DAYS OWNED
BOST 5.000 300 5.000 $1,515.00 $1,500.00 23
BOST 3.750 700 5.000 $2,640.00 $3,500.00 21
BOST 4.562 2000 5.000 $9,140.00 $10,000.00 10
COTTF 7.562 300 6.062 $2,283.75 $1,818.75 20
COTTF 6.312 700 6.062 $4,433.75 $4,243.75 13
CPU 19.312 300 18.625 $5,808.75 $5,587.50 18
FONR 2.312 1000 2.250 $2,327.50 $2,250.00 10
PNF 5.187 600 5.000 $3,127.50 $3,000.00 35
PNF 4.625 400 5.000 $1,865.00 $2,000.00 27
TOT/AVG 6.514 6.444 $33,141.25 $33,900.00 19
BOST finally moved, but if it doesn't continue up I will exit soon.
COTTF I hate. But it has started to move back up, although not
what I would call a rebound. I will give it a week.
CPU is oversold and worth holding.
FONR has done nothing (he said disgustedly), but is so low in
its range that i will hold for awhile
PNF is approaching a decision point, having compressed to
the point where it will either move up or down.
Several people have asked me to start a new Position/Swing trading account.
I am not sure if there is enough interest to start this over, but if there
are a half dozen or so who email, post or message me I will start a new one.
It won't include any of the above stocks excpet perhaps CPU, and will differ
in that I will post exits for local maximums rather than hold for longer term gain.
An example would have been to exit VVUS sooner. I will also reduce the wait
time to 5 days or less for positive movement rather than let the money
sit on a non-moving stock. I will also use a form of a Parabolic SAR indicator
to aid in determining entry and exit. While this isn't something one can do without
Technical Analysis software, it will be demonstrable in terms of price & volume
action and chart trendling.
lastshadow |
