tag:blogger.com,1999:blog-2335748440449035592.post9044748795286469033..comments2008-02-01T15:04:57.288-05:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2335748440449035592.post-13762112072607536302008-02-01T15:04:00.000-05:002008-02-01T15:04:00.000-05:00I've been looking at ICE> Used to have both CME and ICE in the fund and believed the crazy volatility would help them. STill do. But the charts just stink (ICE specific). Actually charts for mostly everythng sucks... doesn't mean they won't go up. Charts won't tell you when bottomed out stocks turn; they just do. But I prefer to buy stocks in uptrend that have pulled back. <BR/><BR/>In crazy times like this I let the charts guide me more than anything - I am just seeing very few good opportunities in sectors I like. AAPL and GOOG charts are troubling :) But AAPL back over $145 sets us up much better. I'd rather wait and be patient. I've give up 11 points here, and not risk AAPL back at $100. <BR/><BR/>Suffering for now but that's part of being patient, you miss out on early movements. Market needs to start making a direction - sort of no man's land for now.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-87207775302163364132008-02-01T14:18:00.000-05:002008-02-01T14:18:00.000-05:00Mark,<BR/><BR/>I started a few new positions today: GOOG, AAPL, RIMM, ICE, NMX, SLB, DBA, and MOS. All small size. DBA and MOS are perhaps the most scary given their charts (I'm more of a dip buyer, buying leading stocks which have taken temporary falls), but I agree with you on food inflation and the long term supply-demand aspect. It's a difficult market to trade but you have to take a leap sometime. :)<BR/><BR/>I just hope none are Britney Spears positions. LoL<BR/><BR/>-BDBluedoghttp://www.blogger.com/profile/13620622716492473197noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-61874636572811230002008-02-01T13:36:00.000-05:002008-02-01T13:36:00.000-05:00BD, agree 100% on some of the techs. You can see some small caps making 30% jumps today on earnings since they have been beaten senseless. It appears the techs are now getting the retail/bank/homebuilder correction, as if their situation is as bad. <BR/><BR/>Google at $510-$515 is a nice entry since it is August 2007 lows. I am laughing at today's analysis of Yahoo/MSFT as a threat! So when you put 2 companies who stink in a sector together, its a threat. I got it. Thats how it always seems to work. My worry with Google is more long term - we have never seen their performance in a recession - will ad spending slow? I don't know! But the stock could be $650 by the time we find out. I think its a good low risk entry level and worth the trade.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-55691827292358838072008-02-01T13:28:00.000-05:002008-02-01T13:28:00.000-05:00I bought a small entry position in Google today, at $515. The techs have all been beaten senseless(worst Jan in Nasdaq history!) and while they could go down further, they are getting pretty attractive.<BR/><BR/>-BDBluedoghttp://www.blogger.com/profile/13620622716492473197noreply@blogger.com