September 10, 2009 Stock Market Game Trades Updates

I have sold DELL because the stock has almost reached my selling exit, and the Stochastic is passing 80. I did not make 5% as I would like to earn from each trade, but it was close, and it didn't take long so I am satisfied.



I covered MVG because it has fallen enough that it looks to recover soon, and it has passed my 5% minimum, so that was also a successful trade.


I have bought 300 shares of ABX today at about 37.80 per share. The stock has turned up and looks like it has some room to grow. I intend to sell the shares when it nears 40.00 per share for a profit, or 35.00 for a stop. I really should have watched it closer today as I could have picked it up for about 37.00 per share in early trading.

I have sold short 500 shares of GRMN at about 36.00 per share. I described earlier that I wanted the stock to move up today, but it didn't. However, the RSI and Stochastic both look like they may be peaking and turning downward. I intend to cover the short when it nears 34.00 for a profit, or 38.00 for a stop.

I have sold short 3000 shares of F at about 7.40 per share. Ford looks to be on a downward trend, and the moving average is currently its ceiling. The RSI and Stochastic seem to be peaking as well. I believe this market run will turn negative soon, and Ford will likely follow the market down. I intend to cover the short when it nears 7.00 for a profit, or 8.00 for a stop

Later today I'll give an overview of the simulation portfolio and how all the trades are doing. This is just an update to let you know what I'm doing right now.