Tuesday, July 18, 2006
I own Yahoo for my charitable trust
Not! I'm glad I got out of that POS a few weeks ago (for an ugly $2000 loss). Anyway, it was another sucky day today. My portfolio declined 0.6 percent. Most of my small craps either went sideways or down. Oh well.
In reference to KTCC, a reader left a comment asking me how I determined my sale price. Basically, when I sell a stock I base that decision on the stock's fundamentals (what I think the company worth based on its earnings and balance sheet). I typically scale out of a position slowly (like I did with KTCC). I also take into account the overall market environment. If this were a better market, I probably would have given KTCC more rope, but it's not. I also try to do a half-assed job of gauging where a stock may be "technically oversold" to give me a sense of where I should sell. Since I don't know much about technical analysis (and don't really believe it it anyway), usually this exercise does more harm than good.
In reference to KTCC, a reader left a comment asking me how I determined my sale price. Basically, when I sell a stock I base that decision on the stock's fundamentals (what I think the company worth based on its earnings and balance sheet). I typically scale out of a position slowly (like I did with KTCC). I also take into account the overall market environment. If this were a better market, I probably would have given KTCC more rope, but it's not. I also try to do a half-assed job of gauging where a stock may be "technically oversold" to give me a sense of where I should sell. Since I don't know much about technical analysis (and don't really believe it it anyway), usually this exercise does more harm than good.
# posted by Stockcoach @ 10:38 PM 
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stockcoach, FYI, insiders have purchased 65,000 shares of ACSEF in the past few days.
Good Luck.
Good Luck.
# posted by 
: 12:54 PM, July 19, 2006
: 12:54 PM, July 19, 2006
Hey, love your blog, very interesting... anyway, just wondering what broker you use and why... thanks!
# posted by : 9:16 PM, July 19, 2006
: 9:16 PM, July 19, 2006
Thanks Nelson. I also noticed the insider buying in ACESEF. In fact, I tried to pick up a few more shares today but didn't get my order filled.
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