Market Flogging

Trend trading in the stock market

Thursday, September 21, 2006

DRYS added, LNT lost

LNT stopped out today a tiny loser. The portfolio is starting to feel like a complete unit with the cats and dogs departing. Another month and the house should be clean with trend lines catching up, etc.

I added DRYS today. I really like this one, but the trend I'm following is very aggressive. It is adding 13%/month, and that is not going to last. However, if it goes for just a short while, I'll harvest a decent winner. I have a little more trend risk than I'd like at just over 8%, but it put in a bottom-looking stick today and should stay away from the trend line long enough to make a good run at a profit. It is also hanging onto what should be a support level.

I beat the market for the second day in a row! Yea me! It has been a while.

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