Welcome

This blog is for all those who are interested in all aspects of investing. We hope to build a friendly community of investors, to share opinions, advice, and to ultimately achieve success together. We will look at both fundamental and technical aspects of stocks to gain a market edge. We wish to explore the strategies, psychology, and philosophy in order to succeed at this game. Everyone is invited and encouraged to share their thoughts no matter how old, educated, or rich. Let's help each other to meet our financial goals.

Questions, comments, and suggestions are welcomed so feel free to email us:
peginvesting@gmail.com
psyduckpoker@gmail.com

Monday, December 10, 2007

My Hands Are Tied

We've had a very big run in such a short time and you have to stop and think that perhaps a 50 basis point cut is factored into the market. I've been gradually liquidating my positions since the end of last week into this strength and have booked incredible gains. I would hate to give that up going into the Fed's decision tomorrow and I wouldn't be surprised to see a selloff especially if they cut only 25. 50% of my money is going long and the other 50% in cash. I also have stuff to do this week so I won't have time to watch the market or posts. LDK has been a gem and I was emotionally torn when I chopped my position in that to half. I know it has a better chance of going higher in the long run, but it is way overbought in the short term and I expect a pullback. Even if it continues to jettison, it's never a bad thing to take profits and manage risk. Discipline over emotions when it comes to stocks.

My position for this week are either swing trades/long-term investments:
6% LDK (Feeling sad having parted with half my shares)
5% ETFC (Will get bought out and/or turnaround...great price/book ratio)
2% USU (Small position on a revenge trade)
8% GWDC (Way too deep in this spec play...lots of good news and I will scale out on a pop)
7% WGI.TO (I love gold, especially companies that are highly leveraged as gold futures rise)
6% FR.V (Silver is pretty awesome as well)
5% FSY.TO (Uranium is the way of the future)
5% BBP.V (Great price/book ratio...linked with the Lundin Group...big discount since they have struggled to drill successfull wells...properties are very strong)
2% PYR.V (5-10 bagger on a comparable basis)
2% WNP.V (Getting killed, but I like the prospects...invested a little too much)
2% BDY.TO (Poor investment...trying to get money out...stay away)
50% cash (Bull market or bear market? I'm ready to go either way)
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Disclaimer

Information published is purely for educational and entertainment purposes only and is not a recommendation to buy or sell any stock. Investing in equities could result in you having to lose some or all of your money. Before investing your money, you should always do your own research and always consult with a professional . Peginvesting posts stock information with unverified shares in companies and may buy or sell at any moment. This website does not tell you to buy any specific stock or to invest your own money in a certain way. Past performance does not guarantee nor will be indicative of future results. Peginvesting deals with rapidly varying ideas and some may be gossip. Equities featured on this website are high risk investments which in some cases may include penny stocks. We are not liable for any incurring financial losses. All statements of fact and information used have been taken from all sorts of online investment and financial websites. We cannot completely verify their accuracy and they are subject to change. All opinions presented herein are strictly that of Peginvesting and its contributors and should not be used to base your financial decisions. Content from this website cannot be disseminated without the expressed and/or written consent of the publisher(s).