Sunday, December 28, 2008

Trading Update

A quick update on my money management venture: it should be no surprise that last Monday I took a position in both DO and MO. These are a technical hold for me going in to the weekend. I bought 4670 shares of MO at 14.60 and 1212 shares of DO at 56.25 and I really like the upside to both.

There are so many picks to choose from and every once in a while I like to ride a few of them out a little longer than what would be considered as swing trading, but that is just me. I could of easily cashed-out on Friday with a combined 5.4% gain, but, like I said, I see a lot of upside to both.

We'll have to see how this works out for me, but I am confident. The market itself seems to be making no major statements right now in the light of the current conditions. I see more of a normalized pattern as the weeks go by, and I see a future for oil related equities as the production cuts play out, especially going into the summer.

Have a good one...
Roger

1 comment:

  1. Hello,

    I very much enjoy your posts. Thank you.

    Quick question:
    You state "every once in a while I like to ride a few of them out a little longer than what would be considered as swing trading, but that is just me. I could of easily cashed-out on Friday with a combined 5.4% gain, but, like I said, I see a lot of upside to both."

    Did Stock Assault issue a "sell" for MO and DO and you just chose to ignore the recommendation? Just curious about how to coordinate my personal trading style with Stock Assault.

    I am still in the "first two weeks" id SA 2.0 so have not received any stock picks (buy or sell yet)

    Thank you and Happy Ney year to you and the SA 2.0 team

    ReplyDelete