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Up when the markets down and down when it's up

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I've got to preface this blog with a note that you should never take an approach to trading that you don't have the time to stay on top of. I planned an investment approach to an uncertain market that would require some attention to stay on top of, and work has prevented me from being able to actively stay on top of that approach. As they say, 'So sad, too bad...'

With that being said, my portfolio has been up in a down market, and down on the up market days. So I now sit at a NAV of $9.80. What I have been invested in is:
WBD - Still in, would have gotten out if I had been paying closer attention
DRYS - In, will be out in the morning, still showing gains, but all indicators have switched, and I see the drop continuing.
TBSI - In, see DRYS above, time to get out.
CROX - Was in, was out, in and out again, had expected them to go up on earnings, wasn't to be.
BHP - In, but will probably get out shortly, just closed above the parabolic SAR trigger point and stochastics are showing overbought.
TWM - Played the shorts for a little while, now out
MA - I debated getting in on this, thought they had reached overpriced, but got in anyway, now am out.
QID - Another short play, now out
EXPD - In, and will be buying more on Friday's open

I'm 60% in cash now, and will be watching the market and the VIX tomorrow to make some more determinations.

Thursday February 28, 2008 : 04:40 PM

Comments (1)

don ferk:

Bob,
Buy stock in good, sound companies with a future, then sit back and let the Market come to you.
You can't keep up with a fast market which is driven by external factors that are not company specific nor speak to a givrn company's fundamentals.

Mr. Market WILL scare you out or wear you out -if you let him - but don't you let him.

Furious trading activity is costly in the Real world ( with commissions & wide in-efficient Bid/Ask spreads ) and will eventually eat up your capital.
How much have you spent of SLO-2 funny money for the commissions they charge to make the contest more "realistic" ?

As Shakespeare said, " It is a tale told by an idiot - full of sound and fury and signifying nohing". You could have done better just holding cash. Not So ??

RoiRRawGnIkIV
( formerly VikingWarrior of SLO-1 - but not competing in SLO-2 - I'm doing MSN CAPS now )

Posted by don ferk | February 28, 2008 6:55 PM

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