Comments on: Stock Market Close http://blog.rebeltraders.net/2008/05/15/stock-market-close-14/ Stock Market Analysis and Trading Sat, 11 Oct 2008 22:06:00 +0000 http://wordpress.org/?v=2.5.1 By: Mark http://blog.rebeltraders.net/2008/05/15/stock-market-close-14/#comment-3301 Mark Sat, 17 May 2008 00:58:07 +0000 http://blog.rebeltraders.net/2008/05/15/stock-market-close-14/#comment-3301 Lisa: I am a bad boy and keep very few, if any, formal stop losses. I make a quick check on how each holding did at the end of each day, and do a more formal look at all my holdings on a weekly basis. Any decisions I make to exit a position have to consider the underlying reasons for any decline in price, the longer-term outlook for the holding, immediate tax implications, future tax implications associated with limiting flexibilty to exit other positions later, alternative opportunities, and other factors. My livelihood does not depend on my portfolio, and with a long-term approach, I don't make snap decisions. Granted, this approach means I have my share of losers, but I am not doing poorly. With regard to CAT, I won't start getting concerned unless the price drops to about $73. But that is just a warning point to pay more attention to it. Lisa: I am a bad boy and keep very few, if any, formal stop losses. I make a quick check on how each holding did at the end of each day, and do a more formal look at all my holdings on a weekly basis. Any decisions I make to exit a position have to consider the underlying reasons for any decline in price, the longer-term outlook for the holding, immediate tax implications, future tax implications associated with limiting flexibilty to exit other positions later, alternative opportunities, and other factors. My livelihood does not depend on my portfolio, and with a long-term approach, I don’t make snap decisions. Granted, this approach means I have my share of losers, but I am not doing poorly.

With regard to CAT, I won’t start getting concerned unless the price drops to about $73. But that is just a warning point to pay more attention to it.

]]> By: Lisa http://blog.rebeltraders.net/2008/05/15/stock-market-close-14/#comment-3271 Lisa Fri, 16 May 2008 04:23:38 +0000 http://blog.rebeltraders.net/2008/05/15/stock-market-close-14/#comment-3271 Dave: Why this one? :) It's late, so I'll answer technical questions tomorrow, but I wanted you to know I did think about you when I saw POT go over $201 today. Figured you stopped out. I'm glad your MU trade has worked well. Thanks for bringing it to the attention of our readers, should they have wanted to play it with you. And, thanks for the updates and sharing your money management techniques on the position. Mark: I'm glad CAT has been a long term winner for you! What is your stop-loss on CAT? Chuck laughs at me sometimes, because he knows how frequently I trade CAT. It's good to hear from others who trade stocks on different time frames. It helps us all to keep things in perspective! Dave: Why this one? :) It’s late, so I’ll answer technical questions tomorrow, but I wanted you to know I did think about you when I saw POT go over $201 today. Figured you stopped out. I’m glad your MU trade has worked well. Thanks for bringing it to the attention of our readers, should they have wanted to play it with you. And, thanks for the updates and sharing your money management techniques on the position.

Mark: I’m glad CAT has been a long term winner for you! What is your stop-loss on CAT? Chuck laughs at me sometimes, because he knows how frequently I trade CAT. It’s good to hear from others who trade stocks on different time frames. It helps us all to keep things in perspective!

]]> By: Mark http://blog.rebeltraders.net/2008/05/15/stock-market-close-14/#comment-3268 Mark Thu, 15 May 2008 23:26:59 +0000 http://blog.rebeltraders.net/2008/05/15/stock-market-close-14/#comment-3268 Lisa, I have not been playing CAT waves, but I hold CAT stock in my portfolio. Unlike what I expect is the approach of the majority of your readers, I am a long-term investor, not a trader. Since buying CAT in July '04 I am showing a 23.5% annual IRR (including the dividends). Three-year annual IRR 25.7%, two-year annual IRR 5.5% and one-year IRR of 11.8%. With the market conditions over the past nine months the way they have been, I can't complain! Lisa,

I have not been playing CAT waves, but I hold CAT stock in my portfolio. Unlike what I expect is the approach of the majority of your readers, I am a long-term investor, not a trader.

Since buying CAT in July ‘04 I am showing a 23.5% annual IRR (including the dividends). Three-year annual IRR 25.7%, two-year annual IRR 5.5% and one-year IRR of 11.8%. With the market conditions over the past nine months the way they have been, I can’t complain!

]]> By: Dave http://blog.rebeltraders.net/2008/05/15/stock-market-close-14/#comment-3267 Dave Thu, 15 May 2008 22:52:50 +0000 http://blog.rebeltraders.net/2008/05/15/stock-market-close-14/#comment-3267 Lisa - Your write-up here is my favorite since I've joined on. Nice. What are your stop loss points for DXD and SDS? At what point in the S&P would you change to a bullish theme? I haven't played CAT. I did stop loss out of my short position on POT today. I had a small position there. Fortunately, I spend most of my time every day taking profits on MU. What a monster rally. I actually reduced my position in MU today to 8% of my entire portfolio. Most of the time I have held it at 10% and sold when it got over that amount because of price appreciation. Lisa - Your write-up here is my favorite since I’ve joined on. Nice.

What are your stop loss points for DXD and SDS?
At what point in the S&P would you change to a bullish theme?

I haven’t played CAT. I did stop loss out of my short position on POT today. I had a small position there. Fortunately, I spend most of my time every day taking profits on MU. What a monster rally. I actually reduced my position in MU today to 8% of my entire portfolio. Most of the time I have held it at 10% and sold when it got over that amount because of price appreciation.

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