Monday, April 24, 2006

active day

I added another test buy to my portfolio. DW, which is big on the guru
screeners.

I dropped MXO at open at 9.37. It continued to fall.

Also, my stop on NWRE hit. It dipped below the 50dma and I'm out of it
and $442. But I cut it at 15%, which was stupid, but could have been
worse.

After that housecleaning, I decided to plow that NWRE money into my good
stocks. I doubled my holdings in CTRN, which was up 12% for me. I'm
not sure if I should be pyramiding bigger or smaller as time goes on.
This was bigger, so I guess we'll see. I got some on a dip down to
$48.25

I also upped my test stake in ERS to a somewhat significant one. I
bought some more at $39.80, which it hovered around for a couple of
hours. It ended up closing up at 40.99 and is now up in after-hours.

I'm glad I did these things. I've got to learn not to be afraid of
getting out of a loser. Just because I dumped one or two possibly
prematurely early on, everybody says that this is something you must do
without fail. If I would have stuck to 8% on NWRE, it would been $150
less that I lost.

Also, I think on these test buys, I'm going to hold tighter stops, maybe
4-5%. I don't care to hold them if they don't go up right away.

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