The meeting is on for this Wednesday, Feb 13, 2008.
Arrive at 5:30PM.
Informal meeting at 6:00PM.
Mark Juviler and David Brandman will host the meeting this month.
After David's 2nd win (if ETFC holds its 100% gain through Wed's close), he and Mark will guide the group through our regular session of reviewing the past months comments and ideas to see how events transpired. Be ready to provide your idea for a market, stock or trend for the meeting. The past meetings have been extremely interesting from the standpoint that we all have many unique perspectives and view a variety of markets for possible trades. You can pre-construct your trade any way you want, even post updates to your idea at the site.
In the past month, we had one idea closed out by a formal email to me. So, that is always an option as well. In the future, we can explore options trades too as a way of defining risk.
As far as last months ideas and how to construct a portfolio out of those ideas - I hope you see how there are different ways to "size" the trades: by volatitility (11-day average true range) or by capital or some combination. Some may consider "beta-sizing" a position. Also, how do you stop out of a losing trade. Furthermore, you can "exit at a pre-defined R-profit" if you would like. So far we have seen 6R winning ideas on several occasions and one 8R profit. That seems to be the extent of a move in one month so far.
Let's all thank Mark for the laptop with wireless internet capability. If we didn't have access to the internet, then it would be necessary for you to print out enough copies of your idea so everyone could look at it and review it. Then I could scan some of the ideas and post them to the site. I will consider doing that for next time.
Please consider setting up the next meeting for the 2nd Wed of March.
Poker starts at 8:00PM so do your best to exit the room before 8PM.
Happy Trading!
Timothy West
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2 comments:
yikes I got busy saying how easy it was to post on the site...
and then my info was not "automatically" entered and who knows what my username or password was, let alone what the "scrambled" words you are supposed to recognize... well there is nothing wrong with MY eyes and I cannot read what they put there to fool the computer either.... sheesh.
so we still don't live in the new millenium I guess.
I had some good posts all written out but all was lost to my forgotten password.... why I have to have so many digits or numbers included???? what are they trying to protect? their own site from simple folks like me trying to separate all their login info from the countless other sites they have to remember? f.... all that!
why isn't a simple password enough?
well see my next post to get to the real business if you dare. And why my browser remembers my login info once and not another time will ever be a mystery. Along with why I have had at least four fried hard drives and my preferred fonts and settings lost to the cyber graveyard with around six g's worth of computer equipment.
adios!
ok, I don't like this market a bit, and suggest everyone wait it out on the sidelines in CASH for the serious bargain hunting. You can sell your TUNE and SCLN at cost and wait for safer days ahead. AEGG however I would buy like crazy all I could it won't last below a dollar for much longer. I wanted to post how all the microcap exploration and production companies have all gotten trashed because of a new SEC rule which requires PV-10 reporting stats.... so all the small companies with hydrocarbons in the ground but not "proved" have gotten killed... well this is a great opportunity and if you look at the charts I think they are all bottoming together, after losing most of their value since 2005.... I have some names to list... AEGG, CRED, JDO, GWPC, ROYL, and many others... I think this sector is one of the only ones with decent upside right now. Some boutique tech also if you can find it (TUNE)... RIMM has to be close to a double top here and I might be 50/50 long short in general. I would like everyone to table their microcap oil and gas plays for next meeting and I will present a list of these companies that look promising. I think I have stumbled upon an important trend, if you look at the charts they are all the same and I think its time to pick the gems out of the sand pile here this year in th e microcap oil and gas sector.
I am also very interested in feeling out the consensus of the group as commodities look to be topping along with the global growth story. Where to park the money if real estate, stocks, and commodities all are fully valued?
The national debt and stagflation are not going away any time soon. Tim, your white metals have done well congrats. Lets get this forum active in between meetings.
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