Investment tracking

[Michelangelo]

Wanted to weigh in here.

I unloaded my SKF at 56 and change.

I unloaded my SRS at 22 and change.

Both on stops.

Lost about 5 points on each. Not good.

I loaded up on these babies because I thought we would almost surely get a correction at SPX 776. It didn't happen. This was a technical bullish signal in my opinion.

This bull leg is very strong in my opinion. May be time to start a buy, buy, buy thread. Months ago I thought through this whole mess with my limited financial brain. I decided that fundamentally I would need to see one thing which would be my indicator that the bear has seen the bottom. That thing is year to year foreclosure rate. My state, Mass, friday, reported a decline in the year to year foreclosure rate for April.

That's the signal I have been waiting for as all the toxic assets are tied into the housing market. Stabilization (as reflected in the Y to Y foreclosure rate) will allow those asets to finally be priced with some accuracy in my humble opinion. Now things can finally get sorted out.

My lean is now long at least 'till DOW 9000 when I must review again.

Question becomes what to buy.

Have you guys given any thought to this?

 

[quantumleap]

Wanted to weigh in here.

I unloaded my SKF at 56 and change.

I unloaded my SRS at 22 and change.

Both on stops.

Lost about 5 points on each. Not good.

Nothing wrong with getting out before you lose a bunch. None of us can pick them all winners.

:toast:

 

[quantumleap]

Bought 2000 shares FAZ @ 5.42.

Probably make this a short-time play unless it takes off.

 

[Shea]

Is this still a play at $5.80-$6.00? Also, take a look at Genworth (GNW) trading at 5 bucks or so this morning. I believe this goes to $12.00 in the next 6 mos.

 

[quantumleap]

Is this still a play at $5.80-$6.00? Also, take a look at Genworth (GNW) trading at 5 bucks or so this morning. I believe this goes to $12.00 in the next 6 mos.

FAZ seems to be trading sideways lately along with the market. I bought it this time because I thought it might go up temporarily because some of the banks were selling stock which would dilute their shares causing the bank stocks to go down and FAZ to go up. That seems to be happening although I don't know if it's for the reason I thought.

I don't know if it's a good play now after it has gone up a bit. This was just a short-time play unless it continued to go up and then I will put stops on in to prevent loss if it goes down again.

Thanks for the suggestion on GNW. I'll take a look at it.

 

[quantumleap]

Thinking this selloff continues at least temporarily.

Bought 1000 shares FAZ @ 6.02.

I'll keep a real close eye on this. I'll set a stop depending upon where it goes in the short term.

 

[quantumleap]

Sold 3000 shares @ 5.90.