Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

Trade Journal

Short Positions Working Just Fine...
Some of the short positions that I have initiated a few weeks ago are starting to show me decent gains. On the flip side, my remaining long positions are continuing to lag even more. I may have to liquidate more by the end of the week.

Short positions: MS, BSC, GS, AIG, AXA, LM, SVVS, MER, CE

Re-Short: HBC (I got stopped out with the first short position)

My Ambitions as a Trader and Investor is not a registered investment advisor. Please read the complete Small Cap Stocks Blog Disclaimer



Visit 1800blogger to see all of our industry leading blogs

Trade Journal Sumbitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

Trade Journal

Market Comments: Despite the overall market indices weakness, many of my holdings held up well. The problem with subprime is not a new one, but quite frankly, its one that I've becoming sick of hearing.

New Buys:

Add Ons: VII, CVGW

Sell Profit:

Sell Loss:

Futures: Short Dow, NASDAQ, S&P 500 (e-mini)- In retrospect, I shouldn't have covered my first short position in the first place. Oh well. With the current market action I had plenty of time to re-initiate my short position. Hopefully I'll make an actual profit instead of breaking even.

My Ambitions as a Trader and Investor is not a registered investment advisor. Please read the complete Small Cap Stocks Blog Disclaimer


Visit 1800blogger to see all of our industry leading blogs

Trade Journal Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

New Buys: VMI (in at low 81), ETEL, SYNO, SBEI (jumped back in at mid 6)

Possible Buys: EXPO - it reported decent earnings of around 40%. Let see how it performs near the end of the day...

Added to: PENX, SIF, SLT, ARTW

All of the new buys are exciting and interesting plays. For instance, there has been some chatter that SBEI may be a high tight flag candidate (which remains to be seen). VMI has just reported stellar earnings. VMI is not well known by the street so institutions are slow to snatch it up, hench the low volume. Still, with a 53% increase in earnings, you can bet that VMI will head higher from here.


Update: 12 PM
So far, my VMI and ETEL trades are working against me. I jumped into ETEL a little too quickly. It makes an even better buy now while it is slightly above the 10 day MA. VMI is experiencing some mixed action. I expected the stock to react a bit more positive. Where the earnings not as great as expected? Did they guide lower. I should look into all of this. In addition, my adding of SIF was poorly timed as well. Still the chart is a beauty (may shape into a tight flag-like pattern) and as long as the stock bounces off of the 10 day MA, it should be fine. SBEI is still doing fine. I have to keep a close eye on SBEI as it has a very volatile nature.

On the other hand, stocks such as SYNO are doing fine. I also added more shares of PENX, SLT and ARTW. I may also add more of KTEC if volume picks up. I still haven't made a decision on EXPO.

Update: 3:30 PM

Added To: PRGX (I've been holding onto this one for a while, watching it trade sideways. Finally, it seems that PRGX is building up some more momentum...

Sold for Profit: PSMT ( I sold a little bit of my position as the stock is not acting right), RRST (sold some of my position. I still like RRST as it is a top quality CANSLIM stock. The only problem is that it has some intermediate term weakness that it needs to get over)

My Ambitions as a Trader and Investor is not a registered investment advisor. Please read the complete Small Cap Stocks Blog Disclaimer



Visit 1800blogger to see all of our industry leading blogs

Trade Journal Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

Trade Journal

New Buys: MAIL (its been a while since I've last looked at MAIL. Today was a good day to grab some), STS

Added to: GBX, PTG (a little bit more), KTEC, PENX, ARTW, AMAC, ELON, METH, WSTG

Sold for Profits: RZ (took a bit off the table), SXCI

Sold for Loss:

My Ambitions as a Trader and Investor is not a registered investment advisor. Please read the complete Small Cap Stocks Blog Disclaimer

Visit 1800blogger to see all of our industry leading blogs

Trade Journal Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

Trade Journal

New Buys: ARTW (so far up almost 21%), UG, SIF

Added to: BZC, ELON, GBX, KTEC, PENX, SVLF, PTG

Sold for Profit: SLT (sold half my position for a 17% profit)

Sold for Loss: LGTY (sold half my pos for a 5% loss)

My Ambitions as a Trader and Investor is not a registered investment advisor. Please read the complete Small Cap Stocks Blog Disclaimer


Visit 1800blogger to see all of our industry leading blogs

Trade Journal from Nick at My Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

Trade Journal

In order to take advantage of the current market strength, I decided to buy several stocks on my radar screen.

New Buys: VSCN (rebought after selling for small loss), TRT (rebought), WSTG, HOKU, ELON, PATK, TRFX, METH

Added to: ANET, GBX, PHC, VII, SLT

Sold-Profit: CVU (+3%), VSCN sold intra-day (+9.2%)

Sold-Loss: CFI (-1.5%)

My Ambitions as a Trader and Investor is not a registered investment advisor. Please read the complete Small Cap Stocks Blog Disclaimer


Visit 1800blogger to see all of our industry leading blogs