Greetings,
Currently, I have three open positions. They include INTC,CSCO and QLGC. I opened QLGC this week $29.25 dollars per share. Earlier in the week, I just missed getting filled on QLGC at $29.25 and later that day and the next it ran up before it came back down. It would have been a good opportunity. On Friday, I attempted to buy GIS again, but just missed. I tried to get filled at $44.55, but with no success. GIS closed at $44.70 on Friday. I will be trying again to get filled on this stock again on Monday.
The market took a tumble on Friday with the DOW closing just above the 10,000 mark at 10,055. In the recent days, there has generally been a market bounce near the 10,000 mark. I hope the same bounce is soon coming. With this being the case there are several stocks I like. I will be trying to establish positions in WMT (closed at $52.85), WAG (it closed at $35.96), and DELL (it closed below $36.00). We'll see how the market opens. I'm continuing to hold my CSCO and INTC positions for a better exit point in the future.
For those who have a problem with me holding on to INTC for such a long time and not selling to take the loss, all I can say is that I have real money on the line and I have a method that works for me. The trade is out there for everyone to see, my publisher is not hiding it. I simply don't want to lose all that money and I feel in time I will be better off if I hold on to it. There is no guarantee in the end I will be right, but it is my conviction and method. And as you all know I pick a lot of winners, but occasionally I make a bad trade. After that point I try to minimize the loss, sometimes successfully and sometimes not. Please find what works for you and hopefully you can learn from my real live trade history.
Let's have a great week ahead,
Anthony
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