Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Z PORTFOLIO -- Ignore unavailable to you. Want to Upgrade?

To: Kelvin Taylor who wrote (7440)	5/1/2002 8:41:36 PM
From: DanZ	Read Replies (1) \| Respond to of 11568

I know but I'm not sure why you are telling me. We are down 33 cents on ORCL, which is only 3.4% from where I bought it. Big deal. I didn't post a sell on the stop because I averaged down in my personal account and started trading it. I bought at 8.949, 9.19, 9.28, in addition to 9.78 which I held overnight. I sold at 9.141, 9.33, and 9.35. So I made 40.2 cents on those trades times the number of shares traded, and went home with a paper loss of 33 cents on the buy at 9.78. Overall I made 7 cents a share times the number of shares traded. That's not bad considering how far my first buy was from the intraday low. Somebody might ask why I didn't post all my buys and sales. Even though we've had this discussion before, I think it is applicable here because ORCL isn't the only stock that I trade more actively in my personal account than the Z account. There are a lot of reasons why I don't post all my trades. Here's a laundry list: 1. I don't have time to post frequent day trades, nor do I always have access to Silicon Investor during the day. 2. The accounting for frequent day trades for one person would be a nightmare much less if we all started doing it. 3. The stated goal of the portfolio is to hold at least 2 weeks. It is reasonable to waiver on this when a stock moves to the target within the same day. A good example is SPWX, which moved up about 10% from where I bought it the other day, so I called it a day trade in the Z account. My rule of thumb is to not enter a trade for the Z when you plan to day trade. Hence, I didn't post all my trades on ORCL today, nor did I post my day trades on CIEN, CSCO, JDSU, or JNPR, all of which I traded today for small gains that added up to something meaningful. 4. ORCL, and most stocks that I day trade move too fast to post trades. By the time I post the sale, I'll probably be buying it back. It is virtually impossible to stay in sync with a fast moving stock. I believe that my trade on ORCL is within the spirit of the Z thread. Even though I day traded more shares than I posted here, I closed out the day with the position that I bought this morning. And on another note....there have been some interesting dynamics in the market the last two days. Many stocks are getting clocked while the averages have remained relatively firm. There's what looks like capitulation in many individual stocks, but the averages haven't capitulated. In my opinion, the capitulation in many individual stocks coupled with strong support for the Nasdaq Composite (and other averages) near today's close will be enough to form a bottom. I don't think the averages have to capitulate if enough individual stocks capitulate. ORCL below 9 was capitulation to me. CIEN below 7 was capitulation to me. JDSU at 4 was capitulation to me. The list goes on and on, but surprisingly, the Nasdaq closed down only 10 points while CSCO closed down a point, and the DJIA, S&P 500, Russell 2000, and Retail index were all higher. We have a very strange market here.