Earnings announcement in mid March...
Tuesday, February 28, 2012
Friday, February 17, 2012
Monday, February 6, 2012
Friday, February 3, 2012
Yes sirreee, my portfolio's in recovery and the market's clearly in an upwards trajectory!
One thing that puzzles me is that since Glencore and Xstrata are purportedly merging, why aren't we seeing more action on CENX? It's another one of those stocks that's been in my portfolio since November and I'm still waiting for it to breakeven.
Once it does, I suspect JRCC will follow suit. But will it be soon? Bernanke testifies next Tuesday and for my purposes, I'd rather he whisper a little something to us every trading day. I'm no communist, but if I were, I'd be the first to nominate Bernanke for the title of Our Dear Leader. And may he rule forever...
For now, KWK has managed a complete turnaround and I'm in the green on this teeny tiny position.
The one position that's been keeping me slightly more upbeat since 9FM indicated that he might financially break up with me has been the BAC lot that's in my Roth IRA. Will this be the position that puts my Roth IRA back in the plus after I inundated it with Japanese financial sector stocks?
Thursday, February 2, 2012
KWK put on a temporary insanity defense today, closing with a +9.77% push and ending right above its 10-day 50% Fib level with daily volume above 10-day average volume.
Since Non-Farm Pay Day is tomorrow, I decided to ride it out.
What I want to try out this year is to sell all my high beta heroes by March and then get into some lower beta stocks for some Sell In May plays.
I wonder if my new theory will be profitable?
Wednesday, February 1, 2012
I've been waking up late the past few days and early in the day, I was really regretting my KWK play in the most terrible way.
It knifed all the way down to $4.14 and then punched all the way up to close at $4.71, very near the open and the daily high.
I was preparing to write my own obituary and what would I say then?
When faced with a financial atrocity of such magnitude, any other trader would have gotten out. But not ForexDiva! That's how she died - and that's how she'll be remembered...
But I'm noticing a pattern here. Recall my WNR buy immediately following an upgrade by Goldman Sachs and witness my KWK buy immediately following an upgrade by Citi. Both stocks plunged following the upgrades. So next time I see an upgrade by a big bank, I'm going to wait for an opportunity to buy on a dip and fade the upgraders.
In the meantime, this KWK 10-day 15-minute chart just happens to be one of the weirdest charts I've seen...