A few thoughts.
First, great call on FOSL Tom, and BRKT was very good today also. I did not hold FOSL (no patience David), but very, very nice.
I am spitting bullets about a stop limit at 31 3/4 for PEP that has yet to execute. I placed it before it touched 31 3/4 the first time, then back up, then pretty much right through and down. Has anyone ever heard of a stop not being triggered on a NYSE stock if the trade which hit the stop point was executed on another exchange (i.e. Midwest exchange). The brokerage involved in this travesty (I am still fighting it) will remain nameless. No more stop limits for me, stops only.
Does someone want to lend me some $$$ so I can follow my instincts better. I can only trade so much at a time. MSPG after giving a rally, went right into the tank as the LastShadow zig zag would have predicted.
If I had been playing for real, and if I had been quick enough, I would have set the short sell stop for AAPL at 39 3/4 or so, based on the charting to that point.
I am finding that looking at the intraday charts on Quote.com tells a good story for entry points (Duh, how many have already figured that out). It was clear that 17 was a good entry point for ASDV which tanked this morning, and that would have returned an easy 2 points.
Now speaking of zig zag, interestingly enough I bought XYLN and decided to hold it through its earnings, when I saw that it would close 10% higher than yesterday, which raises an interesting point. If possible, maybe it is better to try and enter one of these zig zag stocks before the close on a day when it has eclipsed the 10% mark, as the weighted average of the opens can be computed earlier in the day. By doing this, assuming a gap up (long) or down (short), you'd get that benefit.
Now that I'm done spouting off, I need to take the night off from posting a watch list, I have things to do that will otherwise occupy my evening.
Besides, Thursdays have been pretty horrible lately, haven't they ?
(except that last Thursday at its bottom was the best buying opportunity of the year).
Peace,
David |
