Cuz I know Vaggy will care

[I Love America]

I closed out MRVL today at $16.31. Remember I got in at $15.60. Minus commissions it was a nice little 4% short term trade. I will take 1-5% trades all day long. If you can do that on a daily or weekly basis, that compounds into some nice yearly gains.

Just thought I would let you know since you always whine that I don't have the balls to give the info.

 

[Vagitarian]

I closed out MRVL today at $16.31. Remember I got in at $15.60. Minus commissions it was a nice little 4% short term trade. I will take 1-5% trades all day long. If you can do that on a daily or weekly basis, that compounds into some nice yearly gains.

Just thought I would let you know since you always whine that I don't have the balls to give the info.

I don't 'always whine' and you know it. What I don't understand is why, after such a good day (3 X ave volume plus a run from the 14s Wednesday) you didn't hold it. Anyway, congratulations sport - you da guru finance man. Can't wait for the next pre-dick-shun.

 

[I Love America]

I don't 'always whine' and you know it. What I don't understand is why, after such a good day (3 X ave volume plus a run from the 14s Wednesday) you didn't hold it. Anyway, congratulations sport - you da guru finance man. Can't wait for the next pre-dick-shun.

I didn't say I was finished with it. Just took my profit and moved on. I have really started getting into technical analysis. In the past, I was mostly focused on fubdamentals. MRVL hit resistance, and won't break through. Time to take profit and reallocate funds. I might get back in if it breaks above $16.81.

Here is my next tip for ya sporto. SNDK.

I am not in it yet, but it is on my radar screen

 

[I Love America]

I don't 'always whine' and you know it. What I don't understand is why, after such a good day (3 X ave volume plus a run from the 14s Wednesday) you didn't hold it. Anyway, congratulations sport - you da guru finance man. Can't wait for the next pre-dick-shun.

Have you been watching MRVL puddin? Has dropped to $15.74 (as of this posting) .
You ask why I didn't hold it? Well, the reason is simple. It's next support level is $15.52 and its next resistance level is $16.09. I need it to break through $16.66 at this point before I think about getting back in again. If I take your strategy, I have capital tied up waiting for it to "go up". Or, I can watch the charts, have a good entry and exit strategy and pick my spots, freeing up capital for other investments to make money on. If I followed your strategy, I would be down to almost my entry point.

Now if you are doing the math, my annualized return is 24% on that trade. Not too shabby if you ask me. Why stay in for a long haul?

 

[Vagitarian]

Have you been watching MRVL puddin? Has dropped to $15.74 (as of this posting) .
You ask why I didn't hold it? Well, the reason is simple. It's next support level is $15.52 and its next resistance level is $16.09. I need it to break through $16.66 at this point before I think about getting back in again. If I take your strategy, I have capital tied up waiting for it to "go up". Or, I can watch the charts, have a good entry and exit strategy and pick my spots, freeing up capital for other investments to make money on. If I followed your strategy, I would be down to almost my entry point.

Now if you are doing the math, my annualized return is 24% on that trade. Not too shabby if you ask me. Why stay in for a long haul?

Good luck, if you can do that consistently - go for it. I missed your strategy, I thought you were looking into a year hold. Maybe I'll dabble with that tech stuff when I retire. For now, it's too time consuming and I'm very happy with my investment program. BTW, I've still got my APPL I picked up at 205 a little over a year ago. It's now at 345 so sometimes a long hold works too. Whatever works, use it.

 

[I Love America]

Good luck, if you can do that consistently - go for it. I missed your strategy, I thought you were looking into a year hold. Maybe I'll dabble with that tech stuff when I retire. For now, it's too time consuming and I'm very happy with my investment program. BTW, I've still got my APPL I picked up at 205 a little over a year ago. It's now at 345 so sometimes a long hold works too. Whatever works, use it.

AAPL isn't a bad call at this point, but don't you at some point want to lock in gains? You are looking at over a 50% gain. Personally, I would have locked in my gains by now. The biggest mistake most investors make is not having an exit strategy, both to the downside and to the upside. All jokes aside you should really have a plan. What will you do if it drops 5%? 20%.

I know you probably won't take my advice, but I would suggest putting a 10% trailing stop loss on it so you guarentee your trades.

You are right, my initial thought was to hold MRVL for a year, but it was trading sideways for too long, so I decided to exit my position.

BTW, I do have long positions. Mostly in BRIC ETF's

 

[Vagitarian]

AAPL isn't a bad call at this point, but don't you at some point want to lock in gains? You are looking at over a 50% gain. Personally, I would have locked in my gains by now. The biggest mistake most investors make is not having an exit strategy, both to the downside and to the upside. All jokes aside you should really have a plan. What will you do if it drops 5%? 20%.

I know you probably won't take my advice, but I would suggest putting a 10% trailing stop loss on it so you guarentee your trades.

You are right, my initial thought was to hold MRVL for a year, but it was trading sideways for too long, so I decided to exit my position.

BTW, I do have long positions. Mostly in BRIC ETF's

Stop loss probably a good idea. I'll check into it tomorrow and agree BRIC is good.

 

[I Love America]

Stop loss probably a good idea. I'll check into it tomorrow and agree BRIC is good.

I had to learn the hard way with stop loss orders. Cost me dearly early on because I would let emotion get involved. Next thing you know, i would be down 20-30% on a trade. But fortunately, I didn't have alot at risk in those days. The downside is that evey once in a while, a stock will rebound off of my exit point and go much higher. That just happened to me sith SODA. BUT, in the long run I have been able go get out with very minor losses.

Right now the market is massively schjzophrenic, so I have taken some small positions in covered call ETFs.

Interesting fact, June has been a down month in the market for the last six years. It won't take much for me to run to cash and short positions again. I am shorting oil and the markets through some ETFs as a hedge right now, but may take longer positions if it looks like it is going to trend down again.