Quantcast No Sells. Adding MLNM. XMSR Chart.
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DayveJohnson on the Markets

Posting my thoughts and trades as I take on the challenges that the financial markets will bring. Especially suited for end of day traders who also have a full-time job. Hopefully my years of experience can be a valuable asset to the trading blog universe. And please do your own research, I am not responsible for your personal trading decisions

No Sells. Adding MLNM. XMSR Chart.

Posted on 09/21/2006 18:37 PM | Link | Post Comment
I will be adding MLNM to the swing portfolio tomorrow.. This will leave the portfolio in:

DISH

MLNM - adding Friday

Only 2 positions out a possible 5 leaves me in a bit of a higher cash position than I would like to be in an overall bullish environment, but I feel comfortable where I will be for now.

Another Bio related type stock I may look further into if we pullback more tomorrow is PDLI, but I will evaluate that as the day goes on.

I have added a little XMSR recently to the longer term portfolio because of what you can see in this chart. I have noticed some high volume spikes on large up days and think some potential upside exists. I am generally not one to play with these types of speculative issues but I am taking a small position above those moving averages


.


I also wanted to mention that if you wish to join the chatroom during the trading day just send me an email and I can get you the password. As one of the traders in the room lamented we were getting a lot of bloodthirsty zombies from the outposts of the internet in the room and blowing their brains out was the only way to save ourselves. So out of necessity we password protected it. But if you read the blog and are serious feel free to stop in the room.

Which reminds me. I again only had one intraday trade today but it was almost a textbook example of what I look for. Things were breaking down all around the ES, which is the second chart from the left in the screenshot below.





Have a Great Night!

Dave Johnson

dayvejohnson@gmail.com
Stock Quote or
Examples
Morpheus Trading - Tue Sep 02, 2008 05:21AM
NOTE: Please click on the charts below to enlarge them [read more]
Morpheus Trading - Thu Sep 04, 2008 04:34AM
NOTE: Please click on the charts below to enlarge them if [read more]
Morpheus Trading - Fri Sep 05, 2008 06:58AM
NOTE: Please click on the charts below to enlarge them if [read more]

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