Hi, these are just ideas not recommendations, sometimes I trade my ideas, sometimes I don’t.
Always remember, yours is the responsibility for your trades,
Good luck,
Erick



Tuesday, April 28, 2009

FCX

Sell short 70 FCX 37 stop 36.87 limit
analysis follows

Sunday, April 26, 2009

This blog is all about stock trading, I will be constructing and maintaining a 50K hypothetical portfolio. All my trades are based on technical analysis although I like to make a brief check of the fundamentals.

I like to keep a 15 stocks portfolio at all times either short or long. Sometimes I have short and long positions together, but most of time I trade only one side of the market.

Buy and sell orders will be posted here and also stops and limits.

For my first pick I’ll do a technical analysis of a stock I’m willing to sell short.


SHORTING HMSY
Hmsy is a weak stock compared to the Sp 500, since March 10 the SP has gained 27.5% while hmsy has dropped from 32.2 to 29.22 for a dismal 9% loss.





HMSY is trading below the 50 day sma. My first order is
Sell short 110 HMSY at 28 stop 27.87 limit














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About Me

I am a civil engineer who likes charts, to me, speculating in the markets is both a hobby and a second profession and in my view the stock market is the most honest environment, since it is only your knowledge and preparation that matters. I live, and work in the construction industry, in the Dominican Republic. I read and answer all my mail so please feel free to write sternloinaz@gmail.com Thanks, Erick