Never Assume

When I left work today, I really thought that today was a give back day. I was down about $300 at one point today, but something turned and I ended up with a $212 or 7% gain on unrealized profit. There must have been some kind of good news for all in the market in reference to the Fed, and I will take it. I also know that it is only a matter of time that a pullback will arrive, but the more my stocks push up, the more profit I will lock in as I push my stop loss orders up.

LVS, my largest mover, had another gain .84 cent or 1.7% so I  moved my stop loss up to secure an 18% profit leaving 14% on the table. I want to stay in this stock so I do not want to run a stop loss so tight that I might miss a very nice run. I know a lot of companies have price targets of $50, so I expect it to slow down soon. I also know that there are whisper numbers of $65 a share. The 8 day ma on the daily chart is still climbing, so until it flattens, there is no reason to tighten that stop.

FFIV made a big move today of $5.57 a share or 4.7%. so I moved that stop loss up to secure 12% of that total 22% move. Apparently there was some big news between F5 and Microsoft.

Once again, 5 of 7 stocks were up today and like I said pryor, I’ll take it while I can get it. Tomorrow, KOG and SBUX both report earnings after the close. I have high hopes for both since I bought them based on trend and not fundamentals. If I had to guess or bet on their outcomes, KOG will either miss or just met based on the slight down trend since I bought it. SBUX on the other hand has been trending up and breaking through old overhead, so I expect good things for this stock. Hopefully the accumulation of the stock over the last few days is an indication that someone knows something that we poor folks do not have access to. No matter the news, I have my stop loss order in effect so I cannot be punished but so bad no matter what happens. If the rise, then that is just money in the bank.

$0 realized profit today. November realized gain = $0.00 AVG = $0.00 a day. Personal goal = $50 a day.  3 of 21 trading days for October complete.

Unrealized and still holding: $3260

Year to date: ($2762.60)

Stock	Entry	Price	Stop	Profit	% Gain
FFIV	$100.5	$122.92	$112.56	$381	22
KOG	$4.27	$4.23	$4.03	$22	.07
LVS	$37.59	$49.88	$44.59	$2334	32
PTEN	$19.70	$19.24	$18.77	($46)	(2.3)
PWE	$22.34	$23.15	$22.10	$76	3.6
SBUX	$28.53	$29.10	$27.63	43	2
SCCO	$39.72	$42.55	$41.40	$494	7

Earning Report Dates:

KOG –  11/4/10

PWE – 11/5/10

SBUX – 11/4/10