I just missed closing out AMMD today, so I'm still long it.
Retail stocks were the name of the game today as several retailers raised their earnings guidance.
Strategy Picks for the Close:
I took a couple of minutes today to see how the trends of my long picks have been going since implementing a long strategy, and all have been up at least $1.00 at some point since I picked them.......just an interesting observation.....
So last night, one of the people in my RESHET group asked me to send out information about a girl with leukemia. I did so, as well as posting the info on my blog (see below) and on LinkedIn to the Jewish groups I belong to -exactly as it appears here and was given to me
I woke up to this comment on one of my LinkedIn posts:
When you post something like this, please specify the location. While I know most New Yorkers think that NYC IS the universe, no matter how tragic the situation there is nothing that those of us outside NY can do about it... No matter how much we would want to.
I can't respond the way I want to on LinkedIn, since its a professional site, but I will here.
**WARNING**: iF 4 LETTER WORDS OFFEND YOU STOP READING NOW!
Dear Douche Bag: Thank you for taking the time to read my post!
Though I do recognize that not everyone in this group is from the NY area (and FYI...I happen to not be from the NY area either), when addressing such an issue, its important to get in contact with as many Jews in NY as possible in a short amount of time. I would venture to guess that their are MANY NY Jews in this group, and every other Jewish LinkedIN group, which is why I offered to post it here in the first place.
But here's the thing....If you had the unfortunate situation of having a family member - a child - with leukemia, even if there was ONE freakin' JEW in this group that MIGHT HAVE A SLIGHT CHANCE of helping your kid, you would post til you were FUCKING BLUE IN THE FUCKING FACE, you ASSWIPE!
Not only that, YOU were certainly smart enough to figure out that this was for NY Jews, and ergo, I can safely assume that others were able to figure that out as well! So how much time did it take you to read it, huh? Twelve whole seconds??? And how long did it take to shoot your comment to me?? 50 seconds maybe??? Maybe those 50 seconds could have been better sent forwarding this message to any of your loser friends who do live in and around NY who might be able to help...thats what connecting with people is all about, Dumbass.
Or maybe you should just keep your fucking mouth shut and thank G-d that you've never had to be so desperate for ANYONE to help your child that you'll post anywhere for the assistance of some random individual!!!!!!
Oh, by the way, thanks to the networking of a lot of people, both in and out of NY, they have had such a response that Chai LifeLine has more than enough help for this child, no thanks to you I might add. So sit down, shut the fuck up, and send your time alittle more wisely and productively.
Signed, Another non-NYer, But Not As Bitter About It As You Are
************************************************************** I feel better now, thanks!
Rivka bat Yaffa will soon need O+ blood. She is a 16 year old girl who has just been diagnosed with Leukemia. All those who are interested in taking part in this Great Mitzva should contact Baily at 212-894-8263. She works with Chai Life Line, and is in charge of the blood donations. Thank you very much and Tizku Lemitsvot
So between all the RESHET stuff, a completely off-her-rocker business "partner", and various other things, I haven't had much time to post. But I'm back with a long strategy and ready to rock!
Here's why the long strategy now:
In the past, my short strategy has largely identified a downward trend in a stock. In other words, the point at which I shorted a pick was the pivotal point at which the stock would continue to drop. Those days have been over for a few weeks. Yes, I see results from most of the short strategy picks I have been following for the past few weeks, but most of them have turned quickly, and are off of those price drops by quite a bit.
This to me indicates a turn around in the strategy....I wont comment on the market as a whole.
Having said that, here are short and long strategy picks:
We've been getting a great response to RESHET! If you are interested in joining and growing your business though face to face networking, there is a newly established group that meets in Staten Island every other Monday night at 8:00 pm. And a new group is forming in Brooklyn right after Pesach.
If you want to come see what its all about, email me at firstname.lastname@example.org.
Im not one to make predictions on the direction of the market in general, but I know that, with my short strategy, the key is going to be in my ability to figure out where the bottom of this market is and implement a long strategy.
Having said that, I am cautiously watching this rally and considering easing into some buys....stay tuned....
Both IDA and WPZ were good for 1.5% next day (Friday)
We had no picks Friday, Monday or Tuesday.
Today's pick for the close:
Things have gotten very busy with trying to get the new business off the ground (looks like Im sticking with this one!) as well as organizing RESHET (Jewish business networking group). We have set the informational meeting for Sunday morning in NY. We've had a really good response, so if you or someone you know is/are an entrepreneur or business owner and would like to come see what its all about, let me know and I will give you the details. (Yes, we will feed you!)
I've all but abandoned the daytrading for now to concentrate on the swing trades. Here's how it works:
I noticed that stocks that report worse than expected earnings AND have a price drop that day, seem to signal the start of a price downtrend. Therefore, at the close of the day that a stock reports worse than expected earnings AND the stock dropped, I short, and look for at least $0.50. Im also willing to wait for it a few days.