Wow, haven't posted in a week and look whats happend. My portfolio
shrank from 10 stocks down to 2:
CTRN-my last half hit a 20% trailing stop and sold at 45.5 (breakeven)
Although now it's back to $50 after earnings.
USB-was lagging down towards my stop, so I sold it for breakeven.
TBBK-dropped way below 50dma. Has recovered some, but not above 50d.
KCS-failed to breakout. Sold at 4% stop. Has continued to plunge below
50dma.
IFO-sold remaining half Monday on HEAVY bounce. It has rallied back
some, but closed the day down hard today after being $2 up all morning.
This was a fun ride. I closed the 2nd half of my stake up 35%! At one
point it was up 50%, a first for me.
DIL-sold remaining half after 2 down days on heavy vol. It has
continued to trend down.
FNSR-closed below 50dma. Still down there.
DTLK-failed to breakout. Still down.
So, as you can see, this selloff has been pretty brutal, although I feel
I've handled it very well. My portfolio is down about $500 from it's
peak, but that really happened before I could get out of most things and
was a consequence of trying to give my winners room. I'm still up 8%
overall, which I think is pretty good for 2 months of trading. And this
correction was a good time to do housecleaning. I'm glad I did.
Everything I got out of was weak and is worse off, except CTRN, which
has rebounded.
However, I'm not totally out, yet. I still have half my AP stake, which
hit a new high today! And it did so on the highest volume since the
breakout. There may be better things yet to come for AP. Also, I'm
still in AOB, currently up 8%. It seemed to have overhead resistance
today and was up in the morning and closed slightly lower, although that
is par for the whole market today.
General consensus is that there's more selling ahead. Should be
interesting to see how the week closes on Friday.
No comments:
Post a Comment