| Symbol | Sector | Return | Exposure | Trades | Last Trade | Status |
|---|---|---|---|---|---|---|
| PDO | Exploration and Production | -5.11% | n/a | 12 | 23-May-08 | Prior Holding |
12-May-08
Lessons Of A Publisher/Video Blogger/Trader (In That Order)
Holding Rationale for PDO.
Looks like I should???ve scheduled my video interview for after hours because I got back after the market close to find myself down 40 cents/share on CNEX???which practically guarantees a higher opening tomorrow (even if the bid is pretty much where I shorted), I missed on NNVC???s perfect afternoon 25 cent/share fade (any of you guys get in on that?), which shoulda woulda coulda been a solid profit on my 2,000 shares (reserved earlier).
And just to rub it in, I missed out on PDO squeezing the stubborn shorts (who obviously haven???t watched PennyStocking or else they???d be out looooong ago, as I was) into the market close (I saw the morning spike above previous high of $9, but I don???t like buying, let alone buying morning spikes), which coulda woulda shoulda been bought for a probable gap-up/possible big-time morning spike tomorrow.
Sucks, but that???s just the life of a publisher/teacher/trader/blogger/self-promoter (in that order)
The news isn???t all bad???first, I half-expected CNEX to go higher, my entry was a bet the volume would fade (correct), it wouldn???t go much higher (correct so far) and I???ll be able to add either 300 or 600 more shares to my position tomorrow to average up (we???ll see). It???s a somewhat risky strategy???definitely not ideal like VRML, which went down another 15% today, meaning I left $600-ish in missed profits on the table(made easier by yet another reader of mine to posting a $3k-ish profit in just the last week!)???but since it???s such a small position and the company???s such a fraud, it???s a risk I???m willing to take.
More importantly, after filming, I got to meet all the cool people at Mogulus and it looks like TIMtv has found a home???I saw about 20 of you in their crazy video player chat room, what???d you guys think? I know the convo wasn???t totally stock related, so I mean how was the video/chat experience???could be just the beginning, maybe not even always filming in their studio just some marathon trading sessions where we can talk it all out like geeks playing a videogame, World of Warcraft ???
Posted at 14:44 in Holding Rationales | Permalink | Comments () | Top
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