Stock Duel!

I have unilaterally declared victory for this round of the stock duel! Today’s final executions included shedding off 600 SIM at a price of 5.99. The overweight position helped net the profits for this win but the lack of flexibility incurred by investing in a non-liquid, American Despoitory Receipt was not pleasant. However, this investment has shown the importance of following foreign exchange and currency trends/fluctuations as well as arbitrage opportunities generated by following the respective security on its native market. The 600 shares sold entered at an average of 5.51 and yielded 8.71% at 5.99. The gross profit was $288 - $3 commission = $285 net. PAL ended the day lower than the entry after a black candlestick was formed following the gap-up yesterday. Unrealized loss there of $50. To end the contest unclosed positions include 1000 SIM entered at 5.31 closing today at 5.94. Unrealized gain of $630 remains in this position.

• Contest Total (Realized): $606

• Contest Total (Unrealized): $580

• Total commissions: $27.

• Overall: $1186

I will be compiling my watchlist for the next stock duel starting soon!

UPDATE:  This is the reason SIM popped today.  I will keep this radar on my personal portfolio for entries and exits but I am very bullish on this stock for the short/medium term.  Good luck to any of you with positions in any of these stocks.

SIM continued the nice bounce off the bottom trendline at 5.23 closing this week’s trading at 5.80.  1600sh @ 5.80 = 665.92 unrealized gain. A new position initiated today is PAL.  “Buy the breakout” was the strategy for this trade.  This week provided for the highest volume since consolidation began and the stock end +9.75% at 11.59 for the week.  200 shares PAL at 11.55 is this positions standing.  I will be eyeing PAL for a continued breakout/confirmation in which case I will buy more shares.  I must also watch for a false breakout followed by a breakdown in which case I will need to trust my tight stop.

BOT 200 PAL @ 11.55

200 PAL close @ 11.59: $8 unrealized;
1600 SIM  @  5.8 (close) = $665.92 unrealized.

-$24 commission thus far:

TOTAL:$321

Today, for the first time, SIM ended below the steepest ascending trendline. I will post some TA later to identify key buying/selling points. Take a look at these numbers, if they aren’t appealing then I don’t know what is. Take a look at their reports for more detailed explanation.

update: here is a simple chart of SIM. I will pay special attention to these lines.

update 2: Tuesday’s action triggered a buy order for the bottom of the ascending trendline.
BOT 200 @ 5.52 (avg price now 5.3838)

1600 sh @ 5.5  (close) = $185.92 unrealized.

- $17 in comission thus far:

TOTAL:$328

Today offered a pleasent surprise concerning SIM. Using the ascending trendnlines as support and resistance for the run up I set a buy order for 500 shares of SIM at 5.50, the support line. This order received a 400 share fill minutes before closing. The support line offered perfect pricing entry and it was the LOD. IB was the broker for this transaction so commission for 400 shares is $2. As of Thursday’s close trade and position summary follows:

BOT 400 @ $5.5 (avg price is now 5.3643)
1400 sh at 5.78 (close) = $581.98 unrealized.

- $16 in commission thus far:

TOTAL:$329

TA Chart

A limit sell order for 500 shares of SIM executed successfully at 6.00.  1000 shares still long from 5.31.  Standing:
$345 realized gain (500 sh)
1000 sh at 5.94 (current last trade price) = $630 unrealized.

- $14 in commission thus far:

TOTAL: $331

I had a day-trade on thursday last week on GG for an exhaustive selling model (ESM) play. Basically, I bought the stock after panic selling for a quick scalp. The trade lasted only about 15 minutes, which was a good, efficient trade. I didn’t feel the need to hold on longer for the larger profit.
BOT 200 @ $27.03
SLD 100 @ $27.29 (+26)
SLD 100 @ $27.50 (+47)
FEES: $3.00
NET: +$70

Total: $81.00

Current holdings for the purpose of this contest include 1500 SIM with an entry at 5.31.  Position standing is +$323.  Potential short entries have been aplenty in my current list but I’d rather not hold overnight positions in a whiplash market like we’ve seen this week.  One short that I considered but didn’t follow through was PAL.  A Monday short entry would have been wonderfully covered today.  Frank has written an article on Gold for those metal-conscious investors or traders out there.  Here it is.

Sell-off continued on SIM.  The position is holding up $278 now.

SIM moved with conviction this morning.  High volume propelled the stock upward.  However, after the markets turned sour SIM witnessed a break of the flag consolidation it was forming. On a  positive note the selloff did not constitute any significant volume and the stock closed up positive for the day and above a previous high at a safe 5.7.  Depending on market conditions it may fluctuate more but I will continue holding for the time being.  Currently I am up $585 - $7 = $578 for less than a week hold time.  Let’s see you catch up Frank!

Well today was a great day for SIM.  It moved up 5.28%.  This means 1500 shares entry at 5.31 now at 5.58.  +$405 - $7 commision = +$398.  Not bad for a couple days position.  I am expecting it to ride higher so I am holding tight.