What Worked and Sucked Today 342008

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March 4, 2008

Worked:

3 stocks that begin with the letter A

Bought AMZN @ 63.27 up 3.2% now. Big volume started coming around midday. I jumped in immediately. I had 5%+ in my pocket, but left the trade on and went to lunch when I came back AMZN was around the 4% mark and just hovered. I kept it overnight.

AMAT @ 19.83 up 2.4% now. Again, very steady green volume started coming in early in the day and AMAT just marched all day long. Held overnight. AMAT looks like a great trend play here. I’ll do my best not to sell too early on this one. AMAT could end up being like all the stocks I bitch and complain about missing, but have either been in or mentioned here before. AMAT had a 7% day today. That is FOOKING rare – something is up with AMAT and its their Solar division. You want a solar play? Buy AMAT.

AAPL @ 122.34 up 1.8% now. I can see another $15 pop in AAPL from these levels.

Sold: CPST @ 1.78 for 9.x% gain for 1 account. I love this company and their products. I want back in.

Sucked:

Sold: YGE @ 15.7 for 9.x% loss.

Sold: I sold out of my index longs this morning and it was the sole reason for the rally in the markets today. Some say John Chambers comments, some say news on Ambac and the bond insurers. NO. It was me covering my long trade in the morning while the market was throwing on a loss. I thought I was smart when the Dow dropped anoter 100pts after my sell, but per usual, the market knew what I did (they have spies) and said hes out we can move this puppy higher – and they did. Doesn’t everyone feel this way at times?

Held: CREE. Since that dude from TheStreet.com came on Fast Money declaring a breakout buy on CREE if it closes above 34 (I bet he was a seller at that spot), the stock has tumbled 15%. I’m stillllll holding and will look to buy more.




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