lusob
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Posts: 941
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Post by lusob on Feb 14, 2011 21:28:35 GMT -10
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lusob
Full Member
Posts: 941
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Post by lusob on Feb 16, 2011 21:05:49 GMT -10
There are plenty of dumb MGM shorts and bears who don't know when to short a stock or specifically MGM.
Plenty of these dumb shorts and bears don't have a clue about technical analysis, institutional investing and the effects of market conditions.
- Here's a hint, short a stock when it falls below its 50 day moving average
- Short a stock when there are no institutions in the sector
- Short a stock when the market and major indexes are below its 50 day moving averages.
When 2 or more conditions are met above the probability of winning increases.
If only one or none of the conditions above exist, the odds of losing increases.
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lusob
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Posts: 941
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Post by lusob on Oct 18, 2011 8:54:42 GMT -10
Bought MGM today:
11/18: 600 shares at $9.90, stop loss set at $10.30.
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lusob
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Post by lusob on Oct 20, 2011 5:01:26 GMT -10
Profit from 10/18: $240
Bought 500 shares @ $10.00 yesterday.
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lusob
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Post by lusob on Oct 24, 2011 7:11:38 GMT -10
Set stop loss @ $10.65
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lusob
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Post by lusob on Oct 25, 2011 5:01:53 GMT -10
Stopped out at $10.65. $9.90 - $10.65 = .75 x 500 = $375 profit.
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lusob
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Posts: 941
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Post by lusob on Oct 27, 2011 7:49:25 GMT -10
Bought 1,000 shares at $11.64 = $11,640
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lusob
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Posts: 941
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Post by lusob on Oct 31, 2011 9:29:24 GMT -10
Was stopped out at $11.95
Bought 1,000 shares at $11.64 = $11,640 Sold 1,000 shares at $11.95 = $11,950 ----------------------------------------------- Profit $310
Total Running Profit since 10/18: $925
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lusob
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Posts: 941
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Post by lusob on Oct 31, 2011 9:30:45 GMT -10
Bought 1,000 MGM shares at $11.68
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lusob
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Posts: 941
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Post by lusob on Nov 1, 2011 4:02:00 GMT -10
Bought 1,000 shares at $10.88
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lusob
Full Member
Posts: 941
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Post by lusob on Nov 9, 2011 8:02:17 GMT -10
Bought 2,000 shares MGM @ $10.38 = $20,760.
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lusob
Full Member
Posts: 941
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Post by lusob on Jan 3, 2012 6:57:43 GMT -10
Sold MGM @ $10.90.
Bought 2,000 shares MGM @ $10.38 = $20,760
Bought 1,000 shares at $10.88 = 10,880
Bought 1,000 MGM shares at $11.68 = 11,680
--------------------------------------------
4,000 /43320 = $10.83
4000 X .09 = $360 profit
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