Market Flogging

Trend trading in the stock market

Wednesday, October 25, 2006

The earnings reports keep rolling in

LSI reported after the close today and had a terrific quarter. The stock was up almost 8% in AH trading. I'm hoping for another runner tomorrow. AMZN played very nicely today, finishing up about 12%. It was a very nice day all around, except for my early morning non-stop.

I lost one position later in the day - CVD:






Technically speaking, I'm not too thrilled losing this one right now. The trend is clearly broken, but the stock is still fine from a technical perspective. We have a pattern that could easily break to the upside. However, it could also fall completely apart. They reported earnings after the bell that sounded pretty good to me, but as I've discussed, I don't put much faith in what I think about the reports. And I didn't read up on it too much. I do know the stock did not move AH. That might be bad, but who knows?

The difference between a real broker and a joke site? I had CVD in two different accounts with the same stop price of 65.00 on each. Schwab filled my order at 64.99. Pretty good. Scottrade filled my order at 64.86. What?! I'm searching for a new broker. I think I'll move to a direct access broker with futures trading availability. When I grow my account up some, I'm going to school on that stuff. In all the reading I've done over time, I think I've figured out that I'll enjoy it. Something that will let me place a freaking stop 15 cents below the current freaking bid would be a plus. Oh wait. That's EVERYBODY ELSE. $7/trade is good for this sort of broker, and if I didn't trade so much it would be fine, but there are better options out there.

I bought a stock I've had my eye on for a long time - ENER:






The stop is a little large at 6%, but the trend is strong, it is moving back away from the line, and the trend is 8%+/month. Hopefully I didn't kill it.

What the hell is up with this chart? All but a few month lines are missing. It bugs the crap out of me. I've seen a few charts recently on quotetracker missing every other month, which I hate, but this one is ridiculous. Are they getting mad at me for not paying up yet and not clicking 700 times on the TDAmeritrade adds? I'm either going to pay up at some point or move my trading account over to TDAmeritrade and qualify for a free ride anyway. Give me my month lines back!!!

Four days until November. I'll have a gigantic month if things don't fall apart on me now.

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