Took a small profit after it was sliding down with the rest of the market. Sold it at 29.55.
Liking CMG as it made new all-time highs this week.
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Hm-m-m. CMG has a very nice looking chart, doesn't it! I wish it weren't so expensive. But NFLX is expensive too and I've been trading it with some success. I think I'll give CMG a whirl too. Thanks for the tip! Mexican food it is! :)
Expensive, yes, but it does move percentage-wise very well like NFLX, AAPL, GOOG, etc.
I'm embarrassed to say I got this from Cramer a couple of weeks ago. I have lost a lot of money on stocks listening to him, but I took a look and loved the chart. We'll see. I've been in since about 272 (now 282) and it seems investors are buying this on the dips. It's nice to be in the leaders. :)
If you are looking for something less exensive, highly traded, nicely volatile, but some potential - take a look at LVLT. It has been coming alive lately and made a new high the other day. It seems to be digesting some recent gains and there is a gap that may need to get filled, but it looks like there is interest out there again.
I have been in and out several times because I don't know about the investment side of the story - just the trading side. It used to be a $120 + stock once upon a time. I'll be happy if it hits $2 or $3. :)
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I sold all of my individual stock and ETF holdings this morning after the 50-day moving average break. It could be a premature overreaction to this morning's news, but I feel I think more clearly when I'm flat. (I am still holding stock funds in my TSP).
If we close above the 50-day EMA, we could be back in business.
Don't blame you for doing that as I was thinking real hard about pulling out of TNA. I am gonna hold on and hope.
I thought about pulling out too, but didn't get there. My threshold for overall loss is 1% (I'm only 45% into S and I combined in TSP at the moment, have been for a few weeks). I hit the 1% drop from the top today.
Only things comforting me at the moment is that big ol' springtail, and knowing that Sentiment Signal said Buy, and Moosignal is still holding IWM this week. Those are what helped me not pull the plug today-but if it gets worse (I'm watching candle charts and everythng else at the moment), I'm lightening up by half at least.
I rode it out yesterday and actually made a little. I was helped by two good buys I made at the opening bell. I don't know if I'll be that lucky today.
I would have been a little better off not selling yesterday, but I was able to leave the house without stressing.
The buying during the latter part of the day forced me to buy a little near the close incase we saw a pop at today's open. So I decided to get something less volatile and more "industrial". I bought some CAT. An old dog with a great chart and a nice pullback.
I still have about 80% cash of right now and I still like CMG, but I'm holding off until I see if the S&P can recapture the 50-day EMA.
Decided to jump back in CMG today @265.05 after a week of the market digesting the earnings report.
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I also bought some ZSL (short silver) at 12.93 as silver was near $50, but I may sell that before you read this. :D Scary trade. FYI, I got killed on my last ZSL trade (bot 15.84, sold 14.04 after 1 day).
Nice job!
I'm not crazy about the action in CMG but it is still holding above my stop and the last support, so I am still holding.
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I'm glad I wasn't jumpy on CMG this morning. Support and stop held and it actually closed in positive territory. I now LIKE this action - although it now has to test the overhead 50-day EMA (see chart in above post).
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I see SLV hit 34.77 this morning but I missed getting in below $35. I just put in an open order to buy a small position at 34.95. Dipping the toe in the water. $35 is a support area - but so is $30.
OK, I chased a little and bot SLV @ 35.40. Small position so far.
I know this is catching a falling knife, but I am buying AGQ (3 X silver long) here near 183.
Yeah, you can put the stop in any time. I just figured I'd get whipsawed out of a stop so I took the profits. It's amazing that the gain doubled after I sold.
I know what you mean. When the market isn't trending, I can't ever seem to even get on the right side of a trade. That's why I'm sitting out right now waiting to see whether the bulls or bears win. If I picked a position right now I could just as soon make a bonfire of dollar bills. <rolls eyes>
Being in cash is a good way to clear the cobwebs and see the market more clearly.
Still holding both of these but seeing some resistance here in silver and it won't take much for me to bail. There is an open gap near 38 and with that old resistance line possibly coming back in play, a move above 38 would be a bullish sign but it could be tough to do. It may be time to use one of those stops - perhaps just below today's lows.
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CMG looks like it is ready for its next move higher...
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I decided to sell 1/4 position in CMG today as it was up another $5 a share on the day. Sold @ 280.73. Still holding 3/4 as I think $290 is close at hand.
It was my largest holding and being fully invested, I wanted to free up some cash to buy AGQ (silver 3X long) this morning with silver holding up despite today's rally in the dollar. If the dollar pulls back I think we could get another pop from this volatile silver trade.
Added AGQ @ 164.59.
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Now holding the following, in the order of largest to smallest allocation:
CMG
TNA
AAPL
CAT
AGQ
Looks like some really good holdings. I had CAT for a while and sold way to early. I need to learn to be more patient with my winners.
Raised some cash this morning (sold AAPL and 1/3 of TNA position) but I am not as bearish as some folks I see on TSP Talk. I think sentiment is way too bearish to get a big correction. More like a pullback or consolidation if anything. That said, I really don't want to see the S&P go back below the 50-day EMA. That could change things, but still, sentiment is too bearish to see too much damage being done.
The gap in the S&P is now filled. I'm rolling the dice here. After selling some on Friday, I am adding to TNA (79.07) and AGQ (silver) (171.30) positions. Getting nervous.
My largest holdings were CMG and LVLT and they are actually both up today (Dow is down 163). AGQ is now my #2 holding with today's buy. :sick: