MRVL

trading lesson #1 is to "not fight the trend." whew!

MRVL

set a trade trigger to sell 1/2 of position in mrvl below 16.00

DIVX

DIVX, will wander until there is some resolution to the CFO issue.

MRVL

MRVL is setting up for a move maybe today maybe next week.

Who's kiddin who the best play is to wait for the move and jump on board, however i will continue to hold unless the move is to the downside. ( and if i can manage to get out quickly.)

cover

Covered X , + $2.41

It came within 13 cents of my trade trigger and started to reverse so i hit the cover button and they filled me 17 cents higher, unreal............................

Today

I don't for see any changes to the portfolio unless a big move is made in any of the holdings.
If anything maybe i'll cover X if it manages another dollar of downside.
I will give MRVL a little movement may set stop down further to 16.16. The SMH is setting up and MRVL is part of that VESA is moving up big today, BRCM is off a bit in premarket. I believe that accounting changes aside MRVL has some huge upside,,,,,,,,if....................you know.
Oh and watch out for a rinse in X to the upside remove stop and reset after the open.

DIVX

DIVX article link posted in articles of interest to the left.

buyers

The buyers aren't even letting the food hit the water before they swim up and feed.
Traders generally let prices come back a bit before entering.

MRVL

MRVL long @ 16.75 stop should be at 16.38

X

set stop to cover above 105.

If you can get 2 dollars i would exit.

DIVX

DIVX may find a bounce point between 20 and 20.50.

Dip buyers

The dip buyers are not wasting any time , and just like that we are green again.
The best thing here may just to sit on the sidlines and wait for better conditions.
I'm not on the sidelines yet, but that would be best.


8:310 am update, the dip buyers are still busy!

X

Short some X @ 104.67, let me add that my short trades have been underperforming as of late

X

refer to my earlier post take a break.

Break

I should just take a break.

oh well

u win some and u lose some.

Yes i will lose sleep over the iyr.

The volatility in the iyr is suggesting to me it is about to make a move which way i don't know.

DIVX

couldn't resist more @ 21 .14

IYR

This is why i hate using stops. stopped out on a thin white line. amazing because i had my initial stop at 88.71 and as u can see it rinsed to 88.72 but moments earlier i moved my stop to 88.18 and was stopped at 87.98.

DIVX

Well my 2nd entry point on DIVX was hit however it happened to be in after hours so needless to say i still have a small position. With the cfo leaving for what appears to be personal reasons i will continue to hold , but don't see a quick recovery, if numbers are released as projected divx should recover to at least current levels.

Stops set

Will set some stops as i have to leave for the rest of the day.

DIVX

Picked up a small position in DIVX and also put a limit buy order a bit lower then where it's currently at.

Today

The IYR is trying to tell me something.

Just daytraded ATI on the short side got $1.60.

Watching for anything else.

IYR

I was high ticked out of 1/2 of my position in the IYR, the trade trigger was found and activated @ 88.06, Unbelievable.

Well for the time being lets let the market do whatever it wants to and wait for better setups.
Yes there are some bullish and bearish setups but at these levels i think waiting will pay bigger dividends in the short term.
Good Luck and Good Trading.

Stops

Set stops for 50% exit above and below existing positions.

Play any new positions with fairly tight stops. This market can go either direction.

ACI

sold my small position in ACI @36.10 +$1.10
Looked to me like a low volume pop at the open.


7:26am i hate when that happens, wow did i miss a bunch, sold too quickly.

Real Estate Appraisal

http://www.marketwatch.com/news/story/story.aspx?guid=%7B1E820E1D%2DE0FF%2D43D8%2DA052%2D6CDCEAE6300B%7D

excellent article from marketwatch on the appraisal business.