Sold MHS today at 62.18. Bought these shares at 56.97. There's still some ESRX buyout premium sitting out there for the next guy, but I'm generous enough to let him have it.
New asset allocation after this sale:
The 2 main stocks on my radar to purchase are COP and F, but I'm waiting for a pullback, hopefully a big one that lets me get out of TVIX simultaneously. I may still take a stab at something in the natural gas sector, but I'm being a total woman about making up my mind. I have to see some serious cold weather first and I'm not talking about the same cold weather some of you southerners are used to. Having to put on a long sleeve t-shirt while you're golfing does not classify it as cold. I'm talking about real cold weather that causes spit to freeze before it hits the ground.
I got in @ 16.87 late today. Oversold on the chart(big time). I'm in... way too much upside for me to ignore.
I don't like overnight holding on this type of stock, let alone weekend holding. This looks like a real good bet. I only grabbed 200 shares. I will hold until I get a 2X.
Chemaes, there is no reasoning to TVIX,(VIX up & TVIX down) charts are worthless. I just took the next opening after the highest close & calculated down from there. Actually it should have been 18.35 after re-checking my #'s, instead of 18.48.
I tried to see if I could figure out TVIX but there was no discernable pattern to me..I guess that would make sense sense since the thing is related to headline news and there is no pattern to that.
An interesting call Tiger, saying 18 + or so. For this one i just eyeballed long term support. You put down 4x the amount I put down on that bet and to me even if it does go down to "everything is fine" 16 or 18 that 20-30% drop on 5K is well worth the risk when compared to a greece default and the potential upside doubling or even trippling of the 5K.
A lot of analysis i was reading suggests March 29 is a date to watch.
Nice trade by the way.
Good trade. in the past $280. profit
would be a standard goal and expectation
for me! Then i got big time and wanted
several grand+ every time Lol! Back
down to earth now. Any plus trade is good .
Oh yea! I still want to hit the big one,
but i will not put most of my chips on any
one trade. Good luck to you