The Dow 30 is looking a little shaky after todays close and gave me a second day red flag. The S&P had a slight gain and the NASDAQ also had a gain. I’m getting some mixed signals on the market, so I will stay invested and tighten my stops, and will watch my retirement account closely.
Thanks to LVS 8.7% gain and SCCO 2% gain, it drove my unrealized profits up another 44% higher. Five out seven of my stocks were down, but my two largest holdings made the largest moves, so all is good for the moment. FFIV, LVS, and SCCO all have stop loss orders on them that guarantee me a profit, but not all that profit that is showing is locked. That is not possible unless I just sell them now, and lose all the chance of riding them higher. What feels good though is that some of that profit is locked.
PTEN killed the top and bottom line, but in typical Stock market fashion, sometimes they just do not give a damn. The energy market as whole was down and there is a rumor that investors are starting to look else where to put their monies other than land drillers. I guess in a week or so I will know for sure if investors are bailing on this stock when and if I get stopped out. Like I have tried to tell people that I know, I do not care what your company does, how much money they make or lose, if it has fallen out of favor, that bad boy is going down. Don’t hope, sell it!!! Purchase price $19.70 and stop loss is at $18.63. Current price $19.17.
$0 realized profit today. October realized gain = ($1174.75) AVG = ($58.73) a day. Personal goal = $50 a day. 20 of 21 trading days for October complete.
Unrealized and still holding: $2153
FFIV – $276 - earnings reported 10/27/10
KOG – ($11) – 11/4/10
LVS - $1336 - earnings reported 10/27/10
PTEN – ($53) - earnings reported 10/28/10
PWE – $36 – 11/5/10
SBUX – ($18) – 11/4/10
SCCO - $587 - earnings reported 10/28/10
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