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DayveJohnson on the MarketsPosting 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
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
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Examples
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