Market Flogging

Trend trading in the stock market

Friday, September 29, 2006

A flurry of activity

Well, at least I have done some stuff.

First, I do not know what is wrong with blogger, but my apostrophy is working as a "shift tab" function, but my quotes work fine. It was also not posting entries last night. Problems......

Yesterday I missed ENER. I really wanted that one, but it gapped up beyond what I'm willing to pay at this time. I'll keep watching it for a better entry point.

I did pick up some positions yesterday. I bought WIRE in both accounts and SMH in my IRA. Unfortunately, I also lost DGX. It had been struggling over the past month and barely reached down to hit my stop point. I'm not too upset about that. It lost 2%.

This morning I got up with the birds and entered a few positions. My first short since funding my trading account again is CNO. It is a mature downtrend, but looks like it has more work to do before turning around. I also bought LUM and LSI in both accounts and bought KLAC in my IRA.

I'm using margin in my trading account since the account is so small at this point. I want to get into several positions for a little diversification and that's the way I'm doing it. The positions are already pretty small in some cases. Once my account grows to the point I don't need the margin, I'll use it only for overflow. It just isn't as comfortable for me as using my own money.

Good luck!

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