Technically the stock has retreated from a high of $70 a few days ago to its 50 day moving average (13% fall in stock price from peak). The 200 day moving average is down at $54, where I would love to add in scale to this position. My other natural gas positions have yet to reach their 50 day moving averages but when they do, I plan to add more layers in.
I started today with 1.6% stake in the low $61s.
Here is a recent conference call via Seeking Alpha which is well worth the read.
Long XTO Energy in fund; not long in personal account but may be "soon"
4 comments:
hey mark kind of offtopic but just wondered if you've seen/used/thought about using twitter.com
i thought it was dumb at first but then i started using it to post intra-day moves i'm making for my accounts. then you can "follow" other people and get their streams of updates. great tool for a lot of stock traders/investors to share what theyre doing all in one place. a lot of other sites are using it like howard lindzon, maoxian, uglychart, etc.
just wondered if you'd seen or heard about it. would be an easy place for you to just copy and paste the additions/subtractions you're making to the portfolio. and then you can post a little twitter "box" on your page that has your latest status update which could show your most recent trades.
just throwin that out there. sorry to be repetitive if you already knew.
Hi mad,
I've seen it on a few site but never looked at it closely.
So how does it work on your end. If I had it on the website how would a reader benefit?
yea bear with me as i'm new to it myself, but basically check out howardlindzon.com and see at the top he has a box that says "what i'm doing", that is the twitter app and the commentary that he puts in there is fed from his entries at twitter. and, the interesting thing about twitter is that you can "update" your stuff from the twitter site, from IM, from text, all kinds of different ways. i'm still figuring that part out, but i know others do it since it says posted via 'txt' or 'IM'.
ragin cajun over at ibankcoin has a similar set up where there's a box on his page that shows his latest twitter update and he puts his most recent trades in there.
i guess the immediate benefit for your readers would be that there's a specific place on your site, wherever you put the twitter box that they could see your most recent trades, instead of searching for various blog posts. and then if they click your twitter box, they can see all your past updates (all trades for the day, week, month, etc, in chronological order).
don't know if that would be a hindrance or a help for you to have all the trades logged there. I just thought it would complement your "holdings" section, where people could have one place they always look for your most recent actions.
here's the one i've set up. if readers clicked on the box you had set up on your page then they would be taken to this link (but yours) http://twitter.com/mad_hatter
then, on your end, whenever you log in to twitter, you can see an aggregation of people's updates who you "follow". if you follow someone, you receive their updates, otherwise you don't. i thought it was a dumb idea myself but just signed up to check it out and i've found myself actually using it because there are some other smart guys on there offering insightful material.
best advice would be to just sign up and check out and see if you can integrate it into the site. if ya don't like it or don't use it then just move on haha. i've found i actually use it though!
Hi mad,
I get where you are coming from (a) but since my trades are not real time and/or I might post a trade an hour or two or later I don't know if it would be useful and (b) I am not a swing trading newsletter or something - I do realize some people might follow the individual trades very closely and maybe some even try to mimic it to some degree but that's not the goal here so I am worried that sort of thing would encourage someone of that sort even more.
If I were sitting at the computer 24/7 during the trading day and entering real time trades or within 5-10 minutes at least, that might be a different situation and I could see the reason. Most of the sites you mentioned (and traders) are guys people seem to follow into trades. I am "trying" to make this more of a longer/mid term view sort of idea, even with my "trading around core" positions.
I do think the guys who made that tool will become very rich though as someone will buy them out for a song.
Post a Comment