Tuesday, October 9, 2007

Bought 100 CMI @ $136.53

I'm hoping this puppy can break to new highs in the next few days.



After selling out of my LDK long this morning, my swing account currently reads:

300 DSL
100 NMX
100 CMI
-50 JRJC

Meanwhile, I want to remind everyone that I'm not suggesting you buy or sell stocks at these levels. I'm just sharing with you what I do. However, I'm new to this "swing trading" thing and learning... I know nothing.

UPDATE: A "few days" or a "few hours..." Whatever! I'll take it!

2 comments:

Bluedog said...

DT,
Are you still short JRJC (after today's 14.81% gain, and another 2.09% gain AH)? Those Chinese stocks are such a gamble. I'm keeping out of them for now.

Careful with NMX, too. That's more stable, but it's a volatile stock. 6-mo chart looks like a saw end. I think most NMX stockholders are hoping for a buyout to juice the stock up to $140+. NYX has been rumored to be a potential acquirer, but I don't see that happening (if at all) until NYX's share value recovers. In the meantime, you can definitely make some money on NMX's swings. Good luck!!

-BD

Dinosaur Trader said...

BD,

Yep, covered half my JRJC yesterday but held the other half. It's back to breakeven... I originally got short at $42.

I should have covered it all... the down volume was really weak. 20/20 hindsight.

-DT