New Trade: MSFT
I’m going to walk my talk: since [[MSFT]] hit my low target earlier this morning, that means it’s now going up, to at the very least $26.90, maybe $28+.
Just bought 200x @ $26.12. We’ll see.
I’m going to walk my talk: since [[MSFT]] hit my low target earlier this morning, that means it’s now going up, to at the very least $26.90, maybe $28+.
Just bought 200x @ $26.12. We’ll see.
How can you trade, excuse me Phanta, before the House will passing the Bill and with VIX that equal 44???
I’m testing out a system 🙂 It’s been 100% accurate so far on 18 trades. Not a huge sample but I’m very curious.
This is a small gamble in any case. MSFT doesn’t move much in either direction and I only bought 200 shares.
By the way – I don’t care about the bailout bill. Or do you think that’ll be the start of a new bull market? 🙂
No, but 44 means real, but real panic and turmoil!
BTW, do you have a stop for this trade?
No stop, watching it. If it doesn’t move up by the EOD, I’ll close it out.
They say you’re supposed to buy when VIX is high (buy when everyone panics, right?)
I’m sure it’s not over, but like I said, just want to test my signal. Otherwise, I’m dumping all the longs and trading out of those losses.
CSCO…
Mr Softy will never make money with that shitty Vista…. They don’t even have a computer that runs it properly…. and if you think in this economic downturn that we will see new computers at 2-3X their current speed… Seems like a reach.
of course you only trade for a few days…
even if we leg down from here another 1k pts.. you wont’ be that far underwater and most things you buy…. and the hedgies are tossing anything they can sell.
Eric,
I don’t care if they go bankrupt, I want to see if my system works. This is a trade totally outside of my trade comfort: hate MSFT and Gates, don’t like techs, MSFT doesn’t move much – everything I’d normally avoid.
Since I want to see if the signal works, something as steady as MSFT is just perfect – like you said, can’t be much underwater if it goes against me.
CSCO – your long pick?
It’s what I’m eyeing in tech… but I’m not ready to get heavy into it..
I’m about transports right now…
None of tech system will work in that shocking atmosphere, where each and every loss is new market lows. Vix 45 and above means that the sun will never rise more. It’s real and physical panic,
without a grain of sense!
Hey R.,
what did you try to post here?
Did you notice my MSFT target was hit today? 🙂 So the system does work.
Hey, it was an attempt to post vix chart. The posting was restricted within narrow limits 🙂
Yep, i did, but what’s good today was nothing yesterday, for the intraday’s meanning.