Pluses and minuses and ACLS poops
Yesterday I picked up two new positions - MCHP and NVLS. Today I added ZMH. ZMH is definitely in a more mature trend than the others, at least since a somewhat major consolidation.
I lost ACLS today -6+%. This one was looking exactly perfect. It had just broken through long-term resistance on big volume. I had it prior to the breakout in anticipation. Victory was mine! Well, yesterday some asshat at Lehman downgraded the stock. I'm sure there was a very good reason for the downgrade. I still get to be bitter and hate that guy because I can.
I wish there was some way of knowing when analysts are going to potentially pork me in the butt. Sort of like an earnings announcement. It can be roughly estimated I suppose, but I'm not in this as a second career. Upgrades and downgrades are random noise that help me and hurt me (hopefully) equally over time. Given trends, it should even net help over time. I also would like a little gadget that will tell me whether investors will care about the downgrade or not. Sometimes stocks are downgraded and nothing happens, or they go up anyway. Not so with ACLS.
Anywhoo, the net on the day was +.05% vs +.26% for the DJW5K. Most of my stocks look to me like they are ready for a leg down on the uptrend, so I may underperform for a bit.
I lost ACLS today -6+%. This one was looking exactly perfect. It had just broken through long-term resistance on big volume. I had it prior to the breakout in anticipation. Victory was mine! Well, yesterday some asshat at Lehman downgraded the stock. I'm sure there was a very good reason for the downgrade. I still get to be bitter and hate that guy because I can.
I wish there was some way of knowing when analysts are going to potentially pork me in the butt. Sort of like an earnings announcement. It can be roughly estimated I suppose, but I'm not in this as a second career. Upgrades and downgrades are random noise that help me and hurt me (hopefully) equally over time. Given trends, it should even net help over time. I also would like a little gadget that will tell me whether investors will care about the downgrade or not. Sometimes stocks are downgraded and nothing happens, or they go up anyway. Not so with ACLS.
Anywhoo, the net on the day was +.05% vs +.26% for the DJW5K. Most of my stocks look to me like they are ready for a leg down on the uptrend, so I may underperform for a bit.
posted by mccrok @ 4:19 PM
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