.
Well yesterdsay the dow dumped another 213 points. I sold SOLF on a trailing stop at 7.95 and I picked up a healthy chunk of QTWW at 0.96 - Now nearly 50% of my portfolio.
Today's actions is anyone's guess. I would say caution will provail and the downside will extend. But, I have been surprised so many times (as I was Tuesday) when all indicators point to a lower open and we jump to new highs. Nothing has been rational for the last 3 months or so.
Current Holdings
Symbol
| Security
| Entry
| Last
| Change
| Exit Plan
|
QTWW
| Stock
| 1.08
| 0.9855
| -0.0945
| N/A
|
SSN
| Stock
| 0.276
| 0.27
| -0.006
| N/A
|
SVA
| Stock
| 7.43
| 7.24
| -0.19
| N/A
|
UALNO
| Option
| 0.10
| 0.05
| -0.05
| N/A
|
I will update ideas after 10:00 a.m.
--Udate 2:00pm--
The market has been flat to negative - more negative...
SVA has survived so far and has even climbed to.7.28 during this tailspin in the last 2hours. I am thinking about putting a trailing stop on SVA in case things go haywire in either direction.
Consider: SVA - Sell stop - 6.99 - trail by .25
QTWW is droping big time, though all the news of late has been very positive. I have seen it drop upon good news and run up 60-80 cents on bad news. QTWW is like that. No sell stops on QTWW, it's too easy to get burned that way. The price changes radically with very small trades, especially in the last 5 minutes of trading*. I am planning to buy another chunk. target .89 or lower.
QTWW is trading at .92 now at 2:30.
-I have a buy stop set at .94 right now: ( will adjust that staying at .02 above current )
-Near the end of the day I will set a limit buy at .05 below current price.
UAUA is surprisingly resilient to the 500-point dive the Dow has taken over the last few days.
On a sharp decline it has hit 12.68. Today's decline is slow and, with the price of oil dropping, it has climbed to 13.78 at one point. I own put options, strike 8, February on this one, so if oil does rise along with the falling market - ching ching!
* Minute by minute live trades
- QTWW last minutes of trading.
caputred 10/21/09 captured today
---
Note that trades of similar size effect the price of the stock quite differently.
On the left, someone sold 2260 shares causing the price to drop 0.06
On the right, someone sold 3000 shares (at 2:00pm) causing a drop of 0.0031
Left - a purchase of 1900 shares - no effect at all.
Right- a purchase of 800 shares - the price upped 0.0011
QTWW will run up. Here is a clue: Whey you see a large spike in volume 900k to 2m at once, then the run will start. Note that trades of similar size effect the price of the stock quite differently.
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