DRQ - Buy to Cover

I just bought to cover DRQ at $25.11 for a gain per share of $0.15 and return on investment of .5%. I sold when I did because as the day went on, I wasn't keen on the small volume for this down day - meaning there wasn't a lot of interest in short selling this stock today. Sometimes that's an indicator that tomorrow's going to be an up day. Let's watch and see what happens - nevertheless its nice to make a little cash here and there! The big winners are coming up soon, I'm sure of it!

RECAP:

SS DRQ @ $25.26
BC DRQ @ $25.11

DRQ - Short Sell

Just short sold DRQ at $25.26 - looks like it's trending up pretty reliably so I probably won't go for a particularly large return on investment on this one.

Watchlist & Stock Picks 1/29/09

I'm watching the following for a short today:

CRA
DF
APOG
QQQQ
BJS
CAKE
FARO
AG
SSO
DRQ - like this one for a long after the pullback.

OHI - Sold

Just sold OHI at $15.55 for a gain per share of $0.22 and a return on investment of %1.4. Not the best return on investment but I'm happy because I bought a large number of shares.

That's seeming to be the best strategy in the current market conditions for me - something my trading partner has been doing for a while and has managed to retire on! Buy lots and sell with a small return on investment. Certainly something to think about.

RECAP:

B OHI @ $15.33
S OHI @ $15.55

DF - Sold

Sold DF at $19.23 for a gain per share of $0.15 and a return on investment of .7%. Not a sale to write home about but, I was ready to get out of this trade.

RECAP:

B DF @ $19.08
S DF @ $19.23

Watchlists

Well, not much of anything has been pulling on the scans lately therefore, I've been watching the same stocks for the last few weeks. I'm glad that I have the watchlists saved seeing as I wouldn't have anything to trade otherwise.

It is relatively expected since the market has been a bit wishy-washy lately, but that doesn't mean we can't make some money!

Wish I had something new to report! Eventually, I'll begin making new watchlists as I get some results on the scans - this is certainly a lesson for any future droughts we might have!

CAKE - Sold

Sold CAKE at $9.07 for a gain per share of $0.46 and a return on investment of 5.3%.

Recap:

B CAKE @ $8.61
S CAKE @ $9.07

SDXC - Bought to Cover

Bought to Cover SDXC at $6.65 - most certainly not what I wanted in terms of returns but my one consolation is that I purchased a relatively large number of shares.

SDXC - Short Sold

I short Sold SDXC at $6.70 - I could really use a win about now!

CAKE - Bought to Cover/Bought

Well, I waited too long and didn't buy to cover while I had a profit so I bought to cover for a loss as well as bought long at $8.61. Quite messy but we'll watch and see how it turns out! Loss per share of $.15 and a return on investment of -1.7%.

RECAP:

SS CAKE @ $8.46
BC CAKE @ $8.61

CAKE - Short Sell

Short Sold CAKE at $8.46. This will probably just be a day trade, so whatever I've got at the end of the day, I'll probably buy to cover.

Watchlist & Stock Picks 1/13/09

Well, I'm still not too satisfied with what I'm seeing in terms of trends to make another commitment but here is what I'm watching nonetheless:

LONG:

M
AUO
SDXC
BPZ
QQQQ
MTH
CPWR
EK - the moving averages just crossed
FUN - the moving averages just crossed
IPAR
SYMC
APOG

Watchlist & Stock Picks 1/12/09

Well, I'm not too keen on getting in anything new until I can see a market trend. Maybe later this week I'll see something worth while!

Happy Trading.

Watchlist & Stock Picks 1/9/09

I'm going to keep looking at what I've got today. Friday is typically a less than exciting trading day...

DF - Bought

Just bought DF at $19.08. 5% goal as always!

Watchlist & Stock Picks 1/8/09

Alright, its a bit too early to tell if we're going to have an up or another downn day but here's what I'm liking for longs - this is basically my 1/5/09 list pared down:

LONG:

QQQQ
CRA
CMCO
M
BPZ
AEP
SDXC
DAR
AXA
CAKE
FARO
BLUD
AGU
DF
KELYA
SYMC
BJS

Watchlist & Stock Picks 1/7/09

Well, this morning is certainly a down morning, lets see if it holds and if it does this afternoon then I might make some shorts.

OHI - Bought

Just bought OHI at $15.33. This one will most certainly be a swing trade, as I have already used up two of my weekly three day trades and I think it will be more productive as a swing trade than a day trade.

Watchlist & Stock Picks 1/6/09

I'm still looking at my list from yesterday, but here are the ones that are particularly catching my eye:

LONG:

CHIC
BBV
OHI
CVC
ANGO
QLGC - if it us up again tomorrow it will have made the set up for a long

SHORT:

CAKE
FUQI - large rally today and yesterday, but it will have a pullback soon enough.
CPRT - not really sure about this one, but I'll watch it.

FARO - Bought to Cover

I decided to get out of FARO while I had some sort of profit because I was only aiming to get a little bit of money between rallies (true swing trading!). I'm upset because I had earned quite a bit more this morning but it spiked and never returned to its low. Additionally, its a little "dangerous" to short an uptrending stock, so I'll take the small win on this one.

I just bought to cover FARO at $16.03 for a $0.16 gain per share and a .1% return on investment. This was a day trade.

RECAP:

FARO SS @ $16.19
FARO BC @ $16.03

BLUD - Bought to Cover

Just bought to cover BLUD at $25.03 for a gain per share of $1.04 and a return on investment of 4%. This was a day trade.

RECAP:

BLUD SS @ $26.07
BLUD BC @ $25.03

BLUD - Short Sold

Short sold BLUD at $26.07.

FARO - Short Sell

I shorted FARO at $16.19.

Watchlist & Stock Picks 1/5/09

I have quite a few that I'll be watching as longs for the next set-up. Most of these won't be ready for a long for 3-7 days so I'll be watching for the set-up. In the meantime I might want to try to short these.

LONG:

GSIC

DAR

CHIC

BPZ

QQQQ

QLGC

OHI

M

KELYA

CMCO

BBV

AXA

AUO

ACN

AGU

AEP

BLUD

CAJ

CAKE

CPWR

CVC

DF

DIS - Sold

Sold DIS at $24.00 for a $0.44 gain per share and a 1.8% return. 

I decided now was the time for me to get out since I'd been negative in this stock for so long, it certainly didn't make the regular uptrend I'd been hoping for so I'm going to try it again fresh with a new stock that kept a steady pattern even throughout the Holiday trading.

RECAP:

Bought DIS @ $23.56

Sold DIS @ $24.00

SDXC - Sold

Sold SDXC at $7.54 for a $0.10 gain per share and a 1.3% return. 

Obviously, I didn't make my goal on this one either but I was tired of holding it and it seemed like the buying power was running out slightly.

RECAP:

Bought SDXC @ $7.44

Sold SDXC @ $7.54