Chess Moves
Showing articles 181 - 186 (186 total)
26Nov10:05 amEST
The Way I See it, Everybody Takes a Loss Sometimes; Chess Moves
With the resurgent strength in Facebook, I elected to cover my short position, which was 6% of my portfolio, at $76.27 from $74.09 and $73.62 entries for a loss. The short looked promising, but buyers defended the potential breakdown in the near-term. The stock is up against a 50-day moving average, however, and my be back in my short radar if...
21Nov10:08 amEST
Cutting Two Losers: Chess Moves
I sold down two losers into the market's gap higher from the overnight surprise rate cut out of China. I sold my FAZ (triple-short financials) long at $13.70 from a $14.04 entry. And I sold the SWHC long @ $9.84 from my $10.06 entry. As is my style, I keep focused on containing those losing trades, so that when I do come across big winners like...
20Nov11:57 amEST
A Holiday Squeeze of the Trigger: Chess Moves
I just placed 4% of my portfolio into a long Smith & Wesson position, at $10.06. My protective stop-loss is if the stock loses $9.80 on a closing basis. SWHC is the heavily-shorted firearms maker. There are a few reasons to be bearish about the stock, in terms of inventory gluts, potential legislative risk, and a chart which has been in a...
19Nov3:38 pmEST
Shifting from Long Commodities to Short Equities
I tried to get as much meat off the bone as I could in the commodities trades of late, with nice wins in UGAZ and partially in NUGT. But I just got stopped on the last piece of NUGT for break-even. And I took a less than 2% loss in an day-trade of crude oil long today, as it was not strong enough to carry overnight. And I also sold my AGQ...
19Nov2:58 pmEST
Time to Bully Dorks in Silicon Valley: Chess Moves
I added to my Facebook short position here at $73.62, bringing it up to a 6% trading portfolio position now. Back on Monday, I entered the trade at $74.09 in this blog post . Social media stocks have been relatively weak of late. I am pressing for further weakness. The thesis of the trade also centers around the idea that the more times...
19Nov2:00 pmEST
Locked in a Big Winner: Chess Moves
Considering I took the trade on Monday, the UGAZ win is a nice one, after scaling some profits yesterday. Earlier on Stocktwits , I posted the following message of my sale: Sold remaining 2% portfolio position in $UGAZ long @ $17.77 from $15.28 entry noted in this blog post . I also want to thank those of you who reach out to me on social...