Loss on the same day

I want to ride CPST(Capstone Turbine Corp) since May but doesn't have the guts to do it. I am a bit afraid since its a 2% cutloss is like $0.06 below the buy price. There isn't much room for whipsaws.

So I waited and waited, and when I did bought some on 6/20/08, I get booted out on the same day where the low of the day just happened to be my cut loss. I wish I have entered when it hit its lower band early June but I didn't(I think I still had CRUS those times) and waited for the MACD cross. Bad choice I guess. And to add insult to injury, the stock had a high of 4.42 the next day. This is close to my target price of $4.45. I will be really staying out of the stock market for a while. DJI is also on a downward move. Maybe in a few weeks I will return.

Hit by an island reversal

I have been trying to ride F(Ford) since monday but wasn't able to... when I finally was able to buy at $6.55, which incidentally had been the cross of the MACD over its signal, I happened to notice that it has also formed a kind of doji. So a big white candle followed by a doji, spells something like a possible reversal.

And so the news came... JP morgan had some losses, etc. etc. Most stocks have started low and most, or probably all, went down. Ford had a low of $6.09 but closed at $6.22. My 2% loss got triggered and I am out.

Anyways, "goosebrava"... "goosebrava".. or whatever, I'll stay out for the moment. I need to rethink my strategy... obviously this didn't go well. My current batting average 2 wins-2 losses. So far, I am still up 5% and I wish I won't loose ths 5%.

Entering on MACD cross

Ok, i have said i will find another stock to buy but can you resistthat MACD cross at below 0. So I went in at $6.26 last may 27, 2008 with a stop loss of 2%. My target is still at 7.5. I will not create a trailing stop loss for now... so I will have to change the stops every now and then. Let's just say I want to lessen the unwanted triggers from all those bad news of oil and jobless figures.. etc. I have realized that if I hadn't had trailing stop loss from the start of my trade with CRUS, my gain would have been higher.

Anyways, after peaking at $7, I had changed my stop limit to $6.63. Good thing I did the change for the next day, all hell broke loose and it was a ~$0.4 drop. My trigger was set and I am happy with the $0.37 gain.



Now, I really will leave CRUS for the mean time. The MACD signal has crossed the MACD line, it might be signalling iminent danger. I must stop my infatuation with CRUS for now... so, thank you for the little gain CRUS!

The come back

After being whipsawed last friday, I had a feeling that this stock will still go up. I entered the at $6.30 believing that it will go higher. I almost have the same reason for buying this stock as my previous post. It so happen that $6.31 is at the 32% retracement and MACD is about to cross(crossing my fingers). However, last night some bad news came... futures were lower, fears of inflation, and oil at $129. I don't call it bad news news anymore since I think those news are already expected. What's new! Oil will be soaring higher and higher. Anyways, last night my 2% loss got triggered. I guess this shows my system works. If I have waited maybe I'll lose some more. Now, I have to find a new issue. I'll leave CRUS for now or until it shows me some good sign.

1st buy of a sub $10 stock

I recently bought some CRUS(Cirus Logic Inc) stocks at $5.85. Just two weeks ago(may 2) there was this big news that CRUS didn't meet Q4 goal and this caused a huge drop in its price from $7.64 to 5.49. I find this an opportunity to get into the boat and rock on steady until it reaches back to the ~$7 figures. That would really make my pocket happy :D

My reason for trading this issue are

1. It had hit 62% retracement
2. It just bounced back from 100MA
3. Its bounced from its lower bollinger band

Things that bothers me though I am already bullish on this issue are

1. MA are still not alligned to show a bullish trend. I saw this issue since it seems that it might be on its way to bullishness.
2. It has broken down from its previous support. Since march, it has broke up its bearish channel and its target(new resistance channel) was met on the next month. It moved further up to $7.64 before its dive to $5.46 which also broken down the new support.
3. MACD is currently below 0 with MACD line still below its signal. So basically, I am waiting for MACD line to cross its signal and eventually move above 0. Hopefully, within the next few days it might happen if prices continues to move up.
4. RSI signal went down near the 35 figure. However, its MFI did for a day or two and went back between 30 and 70.

Right now, my fingers are crossed. I had my stop limit set at 2% loss on the first 2 days, and now had its at $5.9. Once it goes beyond $6.15, I'll have my trailing stop loss at $0.25 and my target price at $7.5. If you look into its chart, it seems that the $7.5 is also major resistance. :D

Addendum: 5/16/08 trailing stop loss met at $6.09. It dipped down to $6.06 but eventually went back to the $6.18.