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Thread: Daily Market Watch - Week of 3/16/09

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  1. #1
    Newman is offline
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    Joined: Jun 2007 Location: Dallas Texas Posts: 1,162

    Daily Market Watch - Week of 3/16/09

    My portfolio gained more this past week than any other week in the past 2 years. I am happy.

    Sirius: What more can I say? I am looking at taking some profit at 0.25.

    Ford: Nice gains this past week, was surprised it did not do better. GM said it didn't need money and gained nearly 20%. Ford said that 3 months ago and never gained anything. Hopefully the uptrend will continue.

    AIB: FINALLY regained some of those losses. Yikes! Still down pretty bad on it, but that movement was good. Lets see how it will continue this week.

    I still have not had time to do any stock research. Let me know what you guys find. (Include some financial stuff in your research, because I am an idiot when it comes to tecnicals).

    Discuss...

  2. #2
    just sirius is offline
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    Joined: Dec 2008 Location: San Antonio Posts: 1,184
    Newman

    Hope you didnt take those profits at .25 lol Where the hell did everyone go!

    Siri goes up and this thread goes to sh..!

    Hope all is well in Dallas!

    What do you make of the SiriusXM run up! Can it be sustained?

    I have recouped approx 33k of my initial investment. Still down 14k but feel like a lottery winner. Go figure!

  3. #3
    Newman is offline
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    I did take some profits at 0.24.

    I took some more profits at 0.35.

    I have 60% of my position left. I might sell another 10% if it hits 0.50.

    I do not think this run is sustainable. I think there is a pullback due, and I think it hits either tomorrow or Friday. I think it retraces back to 0.30 to 0.25. I will put all my money back in right there.

  4. #4
    just sirius is offline
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    Have a great day tomorrow Newman! That nursing thing...Mucho props!!!

    Do you talk SiriusXM to all of your patients???? lol

  5. #5
    Newman is offline
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    I was right on with my call. Dipped all the way to 0.22. Did not expect it that quickly this morning, and I did not have a trade in. =(

    I got back some of my position at 0.307. Simply could not get it to dip back down below 30. Just in case it happens again tommorrow, I placed a limit order for some shares at 0.23. I doubt they hit, but I didnt think my 0.25 number would hit this morning either... Now I just wish I placed a buy at that price!

    Ford dropped a penny. Perhaps that is it's pullback? Still in the black here.

    AIB is still climbing... down most of the day, came back at the end. Still in the red with that trade, but it is getting much closer to black.

  6. #6
    sl62 is offline
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    Quote Originally Posted by Newman View Post
    I was right on with my call. Dipped all the way to 0.22. Did not expect it that quickly this morning, and I did not have a trade in. =(

    I got back some of my position at 0.307. Simply could not get it to dip back down below 30. Just in case it happens again tommorrow, I placed a limit order for some shares at 0.23. I doubt they hit, but I didnt think my 0.25 number would hit this morning either... Now I just wish I placed a buy at that price!

    Ford dropped a penny. Perhaps that is it's pullback? Still in the black here.

    AIB is still climbing... down most of the day, came back at the end. Still in the red with that trade, but it is getting much closer to black.
    Newman....

    Good call today. However, you can't own the mid-twenties part. That .22 was a spike trade. No one could have gotten it unless maybe if you had an order already waiting down there (which sometimes I think that's why MM's do that occassionally to trawl for presets on a short cover..or long the other way up to see who might be out there waiting int he weeds). Otherwise we never technically broke .30 today. That was one or maybe just a few trades over the course of about a minute or less. I was gone when it happened but that's what my chart says (and other posters who were here watching RT)...

    Good luck on your buys...

  7. Ad Fairy Senior Member

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