Thread: Teakdoors stock portfolio

^ No offence taken, if I was day trading like butterfly said then I would have sold out when it was 11,000$ up. Things have gone tits up on here because of oil prices fluctuating. But oil is all over the place at the moment. Its a waiting game to see what happens next.
Just added another 50 SKF at 113.00$ Financials are rallying on "irrational exuberance" according to a few heads on Bloomberg tv. There might be an element of truth in that.

Originally Posted by Spin

if I was day trading like butterfly said then I would have sold out when it was 11,000$ up.

don't flatter yourself, Spin, what you are doing is day trading, not investing

you are focusing mainly on prices and charts to make your moves, not going for the long run and accepting corrections, you have the stop order taking over,

not saying what you are doing is entirely wrong, but just logical in a day trading approach

Waiting for your red telling me how I am being rude for pointing the obvious

No intention of sending reds for anything, I only return ones I receive.

If you dont have anything constructive to offer the thread, please stay off it.

I've been trying to follow this thread, I really have, but you guys might as well be speaking Swahili for all the sense I can make of it.

Like the charts though, those are cool.

^ I hadnt really thought about that, tell you what I'm gonna do. I'll put links behind some of the jargon to a website I know that offers short explanations of the swahili bits

^Thanks mate, appreciate it. Not your fault, I'm just spectacularly thick when it comes to this stuff. Interested though.

Ok lets recap where we are now. This morning on further oil weakness some sell orders were "triggered" these orders are called "sell stops" and you place them at a set price and if the price falls to the level you set, the order is filled and you protect some profits.
So realized(banked) profit so far looks like this



Things are not going exactly to plan but never mind, DD can still round up a few imaginary SLAGDOGS with that imaginary money and have a good time

Its an extremely difficult environment to make money in at the moment. The US (+the world) markets are in an absolute mess and will continue to be so for at least another 12 months, but I'll just keep chipping away.

Ok, ferts have had the crap beaten out of them today, now trading at lower prices than when I originaly bought them for this exercise. The reason for this is that people are "selling into earnings", POT company reports earnings tomorrow, the report will be good I think but the uncertainty in the market means lots of people sell just before the report and wait to see the market reaction and then wither buy back in or stay out. Its a little bit irrational but does present oppourtunities to the folks that believe the long term story for these companies to pick up some stocks at a discount. For example, I sold 200 POT shares this morning for $212.50 each. I could buy them back right now for 198.33$ a piece, in fact i think I will take some at this price level.
BUY POT 200 at 198.40$
BUY MOS 200 at 121.15$
BUY MON 200 at 110.87$

Originally Posted by Spin

If you dont have anything constructive to offer the thread, please stay off it.

sure, no problem

Ok, heres the charts for todays trading action for POT and MOS. They both fell a lot (a similar thing happened to Monsanto but the chart isnt shown)
But maybe that will work to our benefit. Take a look at the charts below, you can see where the stop orders were triggered to sell the stocks at 10am. I just bought the same stocks at the end of the day at a nice discount
This action should prove to be profitable over the next few weeks, if it isnt, those that live in Pattaya should listen carefully for a dull thud coming from the car park of View Talay 2 condo's



What I did here today is very risky and I wouldnt do anything like this with real money. But seeing how this is DD's beer money it doesn't matter if we lose the whole lot!

Potash Corps (PO) earnings are out, second-quarter net income of $905.1 million or $2.82 per share, compared to $285.7 million or $0.88 per share in the same period of last year. So they have more than tripled profit from a year ago.
Total sales rose to $2.6 billion from $1.3 billion in the previous year. Seven Wall Street analysts had a consensus revenue estimate of $2.55 billion.
These are pretty much what I expected and the fert stocks should respond nicely today, ongoing though, I'm very worried about weakness in oil......

Just added 300 POT at price 202.50$

^ sold! those extra 300 POTat 208$ becuase oil is not showing any strength and the wider market is falling. We still have 200 for the long run and maybe I will add again but better right now to bank a little profit in this uncertain market.

^ So thats a bit of nasty "day trading" done, some people dont like it because they think its not investing or proper or whatever. I just see it as a another way of putting food on the table. In this case it was 1650$ imaginary dollars in a little under 3 hours.



So that bolsters the "realised gains" (banked profit) a little bit.

Things turned ugly a little after 10am in the US. Sold MON MOS POT, update later.....

Originally Posted by Spin

BUY POT 200 at 198.40$
BUY MOS 200 at 121.15$
BUY MON 200 at 110.87$

Ok so these stocks were sold today, for a small profit but wont include it in the procedings as things are getting confusing.
Basically, the fertilzer stocks are all over the place at the moment, wild price swings up and day. Until i get a clear indication that the mid term outlokk for this sector is either up or down, I stay away from them. Whilst they still have the potential to go higher, there is the possibility that crude prices could collapse down to 100$ and if that happened the fert stocks would capitulate