Bumby Trades

OMRI, ONAV and ICFI

2007-05-02T22:24:00.000-04:00

These are my current holdings. Market is in rally but for over the 50 dma for more than three weeks so it's not time to buy any more. Just manage the ones we have.

sold cbg today 8/10/06

2006-08-10T18:45:00.000-04:00

Sold LAZ today 7/18/2006

2006-07-18T19:37:00.000-04:00

Left with only 2 stocks now. KNOL and CBG. Have been lightening up since the beginning of 2006. This is the fewest number of stocks I have owned in the past 2 years.

sold STAK 6/14/2006

2006-06-15T10:49:00.000-04:00

sold ssw tuesday

2006-06-14T07:30:00.000-04:00

Sold NSTC today

2006-06-07T21:34:00.000-04:00

sold prpx today 5/24/2006

2006-05-24T20:49:00.000-04:00

Sold ACAD and NURO Thursday 5/11/2006

2006-05-14T20:06:00.000-04:00

Sold SEAB today

2006-05-08T21:29:00.000-04:00

sold CONN today

2006-05-02T19:39:00.000-04:00

Sold MPWRE Friday 3/10/2006

2006-03-11T13:03:00.000-05:00

Bought SSW Today

2006-03-06T19:57:00.000-05:00

Sold RTSX Today

2006-02-13T19:41:00.000-05:00

Sold WSSI Today

2006-02-06T19:53:00.000-05:00

Monday 1/23/2006

2006-01-23T21:34:00.000-05:00

Indexes
NASDAQ closes second day under the 50 dma, while NYA stays above 50 dma.

Highlights
KNOL- up 3%
PRPX - up 8% on heavy volume.
RTSX - up 4%, after bouncing off the 200 dma on Friday. This one should be watched, as a close below the 200dma would be a major negative.

LOWLIGHTS
ACAD- down 4% with a close below the 50dma
STAK - down 3% closing below the 50dma.

NOTES
Don't like the fact that the NASDAQ was not able to rally above the 50dma today. This index led on the way up and is now leading the way down. Good time to be defensive

CURRENT HOLDINGS (Gain/Loss since purchase)
ACAD(+15%), CBG(+62%), CONN(+126%), KNOL (-4%), LAZ(+18%), MPWRE(+29%) , NURO(+140%), NSTC (+4%), PRPX(+80%), RTSX(+56%),SEAB(0%), STAK(+31%), WSSI(+26%)

Sunday Links

2006-01-22T12:21:00.000-05:00

Future value already priced into stocks - (Article is near bottom of page) "I assume that many of us watch business television from time to time.
The daily schedule usually features a variety of money managers, fundamental analysts, technical analysts, economists and accounting experts — each with their own methodology and delivery style.
I find there can be value in this type of programming as long as you adopt two simple viewing rules: "

Harry Domash: Online investing - "Because substituting titanium for steel reduces weight, thus making airplanes more fuel efficient, titanium usage is on the rise.
That astute observation came from Jim Cramer, the host of CNBC's Mad Money stock market advice TV show, which airs at 6 pm and 9 p.m. every market day.
Many of you who have watched Cramer's show undoubtedly winced when I used the phrase "astute observation" in the same sentence with Cramer. That's understandable. Watching Mad Money is like a visit to the loony bin. Cramer screams, shouts, grunts and generally acts like someone who has consumed way too much caffeine. "

Local stock experts expect market to struggle in 2006 - "THE FEDERAL Reserve may be nearing the end of its interest rate-tightening cycle, but some local stock experts are unconvinced that will translate into a rebound in the market this year."

Foreign markets expected to be as upbeat as in '05 - "The Nikkei's plunge this past week made headlines around the world, but what's really worth noting is how well Japanese stocks have done since 2000.While U.S. stocks spent much of 2005 supine, Japan and other foreign markets, especially the Euro-zone countries, booked superb performances. Their outlook for this year is just as upbeat."

How Cell Phones Roil Japan's Stocks - "Trading via high-speed handsets is wildly popular among individuals, but it has a downside: It helped propel the Jan. 18 sell-off"

Yesterday's Winning Formulas Are Starting to Show Their Age - "WARREN E. BUFFETT is a one-decision investor who tries to find undervalued stocks and then keep them for a lifetime. Adhering firmly to that long-term view may be possible for him, but most professional asset managers, sooner or later, worry about the timing of their investments."

Saturday Links

2006-01-21T18:25:00.000-05:00

Picking a Top in Gold - "When gold fell 10% in five sessions in Dec, top pickers were sure that was it, gold was going down to $420. On Wed this week, gold fell $10 and some of these top pickers were back, may be $500 this time they said. Folks, in trading and investing, there is no need to guess what the markets will do, as a technician myself, I must admit that technical analysis is nothing more than an educated guess, it has its limitations."

Technical Analysis Can Help You Beat Stock Market - This article is dedicated to traders and investors interested in creating results and making money in the stock market. You might think that all traders and investors would be interested in making money in the market. However, many are using the wrong information to make their choices and thus are not creating the results they desire.

Enhanced Strategies for TrendingFollowing System Trading - "Proper trade management for system based trading is vitally important. Today's commodity markets are moving with higher levels of price volatility and risk than in the past. Within a market's overall trend there exist many short-term correction moves or spikes in volatility that warrant close attention. The implementation of a proper enhanced entry/exit strategy can greatly improve a system's overall performance."

Forex Trading System: Mechanical vs. Discretionary Systems - "There are basically two types of Forex trading systems, mechanical and discretionary systems. The trading signals that come out of mechanical systems are mainly based off technical analysis applied in a systematic way. On the other hand, discretionary systems use experience, intuition or judgment on entries and exits. But which one produces better results? Or more importantly, which one fits better your trading style? These are the answers we will try to answer on this article. "

Porfolio Update 1/21/2006

2006-01-21T09:35:00.000-05:00

CURRENT HOLDINGS (Gain/Loss since purchase)
ACAD(+21%), CBG(+59%), CONN(+125%), KNOL (-6%), LAZ(+17%), MPWRE(+29%) , NURO(+136%), NSTC (+5%), PRPX(+67%), RTSX(+50%),SEAB(+1%), STAK(+35%), WSSI(+23%)

Sold TRW Today

2006-01-18T18:46:00.000-05:00

Sold TRW (+6%) today.

Closed below 200 Day moving average yesterday, and took out that low today.

Portfolio Update 12/22/2005

2005-12-22T22:27:00.000-05:00

CURRENT HOLDINGS (Gain/Loss since purchase)
ACAD(+17%), CBG(+49%), CONN(+112%), KNOL (+4%), LAZ(+8%), MPWR(+13%) , NURO(+104%), NSTC (-3%), PRPX(+62%), RTSX(+85%), STAK(+61%), TRW(+11%), WSSI(+29%)

New Buys/Sell 12-19-2005

2005-12-19T12:26:00.000-05:00

Sold FOXH (+6%) at end of day Friday.

Bought KNOL and NSTC today.

Bought SEAB today

2005-12-12T18:33:00.000-05:00

Portfolio Update 12/9/2005

2005-12-09T20:04:00.000-05:00

Michael Coval's blog has some real interesting info about trend following.

I will be looking for some new entries over the weekend.

CURRENT HOLDINGS (Gain/Loss since purchase)
ACAD(+13%), CBG(+36%), CONN(+109%), FOXH(+38%), LAZ(+3%), MPWR(+10%) , NURO(+123%), PRPX(+60%), RTSX(+87%), STAK(+51%), TRW(+14%), WSSI(+33%)

Sold NRMX Today

2005-12-06T22:27:00.000-05:00

Sold IDIX today 12/05/2005

2005-12-05T18:53:00.000-05:00

Sold IDIX (+4%) today.

Portfolio Update 12/1/2005

2005-12-01T23:57:00.000-05:00

December starts with a bang. Will probably be selling IDIX soon.

CURRENT HOLDINGS (Gain/Loss since purchase)
ACAD(+20%), CBG(+42%), CONN(+102%), FOXH(+29%), IDIX(-4%), LAZ(+7%), MPWR(+12%) , NRMX(+4%), NURO(+130%), PRPX(+60%), RTSX(+94%), STAK(+36%), TRW(+11%), WSSI(+22%)

Portfolio Update 11/28/2005

2005-11-28T21:19:00.000-05:00

Sold HEP (+6%) today.

CURRENT HOLDINGS (Gain/Loss since purchase)
ACAD(+8%), CBG(+43%), CONN(+96%), FOXH(+36%), IDIX(+8%), LAZ(+5%), MPWR(+4%) , NRMX(+12%), NURO(+144%), PRPX(+55%), RTSX(+8%), STAK(+6%), TRW(+10%), WSSI(+16%)

11-14-2005 New Positions

2005-11-14T21:35:00.000-05:00

Added LAZ and STAK today.

Portfolio Update 11/05/2005

2005-11-05T09:34:00.000-05:00

Nice week for the markets, but I didn't find any new positions for the upcoming week.

CURRENT HOLDINGS (Gain/Loss since purchase)
ACAD(+17%), CBG(+39%), CONN(+75%), FOXH(+32%), HEP(+15%), IDIX(+7%), MPWR(+0) , NRMX(+11%), NURO(+144%), PRPX(+45%), RTSX(+63%), TRW(+13%), WSSI(+11%)

Portfolio Update 10/31/2005

2005-10-31T20:28:00.000-05:00

Added MPWR to the portfolio today.

In the meantime, a couple of positions look to be in trouble, namely IDIX and FOXH.

NRMX and NURO continue to do well.

CURRENT HOLDINGS (Gain/Loss since purchase)
ACAD(+22%), CBG(+25%), CONN(+61%), FOXH(+35%), HEP(+14%), IDIX(+6%), MPWR(+0) , NRMX(+19%), NURO(+173%), PRPX(+44%), RTSX(+51%), TRW(+18%), WSSI(+18%)

Portfolio Update 10/30/2005

2005-10-30T11:57:00.000-05:00

Nasdaq remains in a confirmed uptrend. I will be adding a new position on Monday and will post when that is done.

In the meantime, a couple of positions look to be in trouble, namely IDIX and FOXH.

NRMX and NURO continue to do well.

CURRENT HOLDINGS (Gain/Loss since purchase)
ACAD(+22%), CBG(+20%), CONN(+58%), FOXH(+39%), HEP(+14%), IDIX(+6%), NRMX(+14%), NURO(+167%), PRPX(+44%), RTSX(+51%), TRW(+17%), WSSI(+16%)

Stock Journal 10/19/2005

2005-10-19T21:19:00.000-04:00

INDICES
Well a definite change in tone today. Follow-through on the NASDAQ and reversal on the NYA. NASDAQ NYA

HIGHLIGHTS
None

LOWLIGHTS
NONE

NOTES
Looking for new entries on the long side.

CURRENT HOLDINGS (Gain/Loss since purchase)
ACAD(+33%), CBG(+17%), CONN(+53%), FOXH(+33%), HEP(+14%), IDIX(+18%), NRMX(+6%), NURO(+145%), PRPX(+48%), RTSX(+53%), TRW(+15%), WSSI(+15%)

Stock Journal 10/18/2005

2005-10-18T20:45:00.000-04:00

INDICES
Back to the same old story. NASDAQ down in higher volume, finding resistance at the 200 dma. NYA even worse, closing down more than 1% on higher volume, and breaking down below the 200dma to boot. NASDAQ NYA

HIGHLIGHTS
NRMX- up 4% on higher volume.

LOWLIGHTS
NURO- down 3% on lower volume.
CBG- down 3% on higher volume, closing below the 50dma.
TRW- down 8% on higher volume.

NOTES
The current rally attempt is in serious trouble to say the least.

CURRENT HOLDINGS (Gain/Loss since purchase)
ACAD(+30%), CBG(+19%), CONN(+51%), FOXH(+32%), HEP(+14%), IDIX(+18%), NRMX(+4%), NURO(+149%), PRPX(+46%), RTSX(+52%), TRW(+14%), WSSI(+15%)

Stock Journal 10/17/2005

2005-10-17T19:07:00.000-04:00

INDICES
NASDAQ and NYA continue their bounce in lower volume. How much longer will it last?NASDAQ NYA

HIGHLIGHTS
NURO- up 4% in lower volume for a new high.
ACAD- up 3% on new analyst coverage.
FOXH- up 5% on higher volume.

LOWLIGHTS
NONE

NOTES
For now its just a low volume bounce. We'll see how it develops. This was day 3 of a new rally attempt on the NASDAQ. Will continue watching to see if we can get a follow through in the next 4 days.

CURRENT HOLDINGS (longs)
ACAD(+33%), CBG(+23%), CONN(+50%), FOXH(+32%), HEP(+15%), IDIX(+20%), NRMX(-1%), NURO(+158%), PRPX(+45%), RTSX(+52%), TRW(+24%), WSSI(+15%)

Stock Journal 10/14/2006

2005-10-16T21:16:00.000-04:00

INDICES
NASDAQ and NYA continue their bounce in lower volume. How much longer will it last?NASDAQ NYA

HIGHLIGHTS
NURO- up 5% in higher volume, hitting an all time high.
FOXH- up 4% on lower volume.
IDIX- up 3% on lower volume.
FOXH- up 6% on higher volume, reclaiming 50dma.

LOWLIGHTS
NONE

NOTES
For now its just a low volume bounce. We'll see how it develops.

CURRENT HOLDINGS (longs)
ACAD(+28%), CBG(+24%), CONN(+49%), FOXH(+25%), HEP(+14%), IDIX(+22%), NRMX(-1%), NURO(+148%), PRPX(+48%), RTSX(+48%), TRW(+22%), WSSI(+16%)

Stock Journal 10/13/2005

2005-10-13T22:22:00.000-04:00

INDICES
Nasdaq reverses higher in lower volume. NYA while down in lower volume, found support at the 200 dma. NASDAQ NYA

HIGHLIGHTS
IDIX- up 3% in lower volume.

LOWLIGHTS
RTSX- up 3% on lower volume, reclaiming the 50dma.

NOTES
Not a great day by any means, but the best one we've seen in a while. Counts as the first up day on the nasdaq, looking for a follow through on day 4-7.

CURRENT HOLDINGS (longs)
ACAD(+28%), CBG(21%), CONN(50%), FOXH(20%), HEP(+14%), IDIX(+18%), NRMX(-2%), NURO(+135%), PRPX(+46%), RTSX(+45%), TRW(+20%), WSSI(+9%)

Stock Journal 10/12/2005

2005-10-12T20:29:00.000-04:00

INDICES
NASDAQ and NYA down in higher volume. Ugliness continues. NASDAQ NYA

HIGHLIGHTS
ACAD- up 7% in higher volume, finding support at 50 dma.

LOWLIGHTS
NURO- down 5% in higher volume.
FOXH- down 5% in higher volume.
IDIX- down 6% in higher volume.
WSSI- down 3%.

NOTES
Market is no fun right now for longs.

CURRENT HOLDINGS (longs)
ACAD(+27%), CBG(21%), CONN(49%), FOXH(21%), HEP(+14%), IDIX(+13%), NRMX(0%), NURO(+128%), PRPX(+49%), RTSX(+49%), TRW(+20%), WSSI(+9%)

Stock Journal 10/10/2005

2005-10-10T19:04:00.000-04:00

INDICES
NASDAQ down in lower, NYA down in higher volume. NASDAQ NYA

HIGHLIGHTS
NONE

LOWLIGHTS
PRPX- down 5% on higher volume.
RTSX- down 3% on higher volume.
TRW- down 3% on higher volume.
NRMX- down 3% on lower volume.

NOTES
Market is no fun right now for longs.

CURRENT HOLDINGS (longs)
ACAD(+26%), CBG(21%), CONN(49%), FOXH(32%), HEP(+17%), IDIX(+29%), NRMX(-2%), NURO(+128%), PRPX(+52%), RTSX(+48%), TRW(+18%), WSSI(+16%)

Stock Journal 10/7/2005

2005-10-07T22:44:00.000-04:00

INDICES
What a lousy week. Indices gain a little on much smaller volume. NASDAQ NYA

HIGHLIGHTS
NURO- up 3% in lower volume.
NRMX- up 3% in higher volume.

LOWLIGHTS
NONE

NOTES
Sold HOS(+102%) yesterday, MNTA(+177%), WRES (-14%) and VCC (-7%) today. Playing defense with the market in its current condition.

CURRENT HOLDINGS (longs)
ACAD(+26%), CBG(21%), CONN(53%), FOXH(35%), HEP(+15%), IDIX(+29%), NRMX(+1%), NURO(+123%), PRPX(+60%), RTSX(+54%), TRW(+23%), WSSI(+15%)

Stock Journal 10/5/2005

2005-10-05T22:48:00.000-04:00

INDICES
Basically a repeat of yesterday, only worse. While the Nasdaq is still technically in a rally, it sure doesn't look good. And the NYA closed below the 50dma. NASDAQ NYA

HIGHLIGHTS
For the second straight day -- NONE!

LOWLIGHTS
HOS- Down 6% in higher volume closing below the 50dma. About time to say sayonara to this one.
PRPX - Down in lower volume. Finding support above the 50dma.
RTSX - Dropping 3% in higher volume.
NURO - Down 3% in higher volume. Finding support above the 50dma.
WSSI - down 3% closing below the 50dma.
WRES- down 5% in lower volume. What a disastrous purchase this was for me.

NOTES
No way to sugar coat this one. It looks bad right now.

CURRENT HOLDINGS (longs)
ACAD, CBG, CONN, FOXH, HEP, HOS, IDIX, MNTA, NRMX, NURO, PRPX, RTSX, TRW, VCC, WRES, WSSI

Stock Journal 10/4/2005

2005-10-04T19:58:00.000-04:00

INDICES
Bad day on both indices. Both down on much higher volume. Nasdaq closing below 50 dma. YUCK. NASDAQ NYA

HIGHLIGHTS
NONE!

LOWLIGHTS
HOS- down 3% in big volume
FOXH- down 4%
WRES- down 8% in higher volume.

NOTES
My account got clipped today. Looks like this rally is in trouble. YIKES.

CURRENT HOLDINGS (longs)
ACAD, CBG, CONN, FOXH, HEP, HOS, IDIX, MNTA, NRMX, NURO, PRPX, RTSX, TRW, VCC, WRES, WSSI

Stock Journal 10/3/2005

2005-10-03T21:30:00.000-04:00

INDICES
NASDAQ up in higher volume, closing above the 50 dma. NYA down in slightly higher volume. NASDAQ NYA

HIGHLIGHTS
IDIX- up 3% in higher volume.
MNTA- up 6% in lower volume.

LOWLIGHTS
FOXH- down 5% in higher volume. Closes for second day below 50 dma.

NOTES
Finally found some new entries today.

CURRENT HOLDINGS (longs)
ACAD, CBG, CONN, FOXH, HEP, HOS, IDIX, MNTA, NRMX, NURO, PRPX, RTSX, TRW, VCC, WRES, WSSI

New Positions 10/3/2005

2005-10-03T21:21:00.000-04:00

Added two stocks today.

Warren Resources (WRES)

Neurochem (NRMX)

Why Trend Following Works

2005-10-02T21:02:00.000-04:00

Found this on turtletrader site. A good explanation of why trend following works.

http://www.turtletrader.com/why-work.pdf

2005-10-02T18:25:00.000-04:00

INDICES
NYA and NASDAQ continuing move higher in lower volume. NASDAQ NYA

HIGHLIGHTS
NURO- up 3% on lower volume.
PRPX- up 3% on lower volume.

LOWLIGHTS
MNTA- down 8% on higher volume. Looks like a day of reckoning with the 50 dma soon.

NOTES
With the market in rally mode I am looking for new entries. I will probably take a couple new positions Monday morning.

CURRENT HOLDINGS (longs)
ACAD, CBG, CONN, FOXH, HEP, HOS, IDIX, MNTA, NURO, PRPX, RTSX, TRW, VCC, WSSI

Stock Journal 9/29/2005

2005-09-29T23:44:00.000-04:00

INDICES
Nice day for both, but especially the NASDAQ, which followed through with a 1.22% rise in higher volume. Time to start hunting for new positions. NASDAQ NYA

HIGHLIGHTS
CBG - up 4% on lower volume.
RTSX - up 3% on lower volume.

LOWLIGHTS
MNTA- down 4% on lower volume.

NOTES
Amazing how markets can seemingly turn on a dime. Today we get a nice follow through which gives me the go ahead to look for new positions. Some people are attributing today's bullishness to so called "window dressing" by the professionals, but I am not really concerned about the whys. My plan is to keep an eye on the day to day action to see how it all plays out. Should be interesting regardless.

CURRENT HOLDINGS (longs)
ACAD, CBG, CONN, FOXH, HEP, HOS, IDIX, MNTA, NURO, PRPX, RTSX, TRW, VCC, WSSI

Stock Journal 9/28/2005

2005-09-28T20:59:00.000-04:00

INDICES
NASDAQ down slightly on higher volume, NYA up slightly on higher volume. NASDAQ NYA

HIGHLIGHTS
CBG - up 6% on higher volume reclaiming the 50 dma.
HOS - up 3% on higher volume.

LOWLIGHTS
WSSI- down 10% on monstrous volume banging into the 50 dma. Might be headed for more downside.

NOTES
Well more of the same. Market in doldrums and waiting for a follow through on the NASDAQ. We have 2 more days in which to get it but I ain't holding my breath.

CURRENT HOLDINGS (longs)
ACAD, CBG, CONN, FOXH, HEP, HOS, IDIX, MNTA, NURO, PRPX, RTSX, TRW, VCC, WSSI

Stock Journal 9/27/2005

2005-09-27T20:41:00.000-04:00

INDICES
No change in the action. NASDAQ down in higher volume, and NYA while up, was up in lower volume. NASDAQ NYA

HIGHLIGHTS
PRPX - up 5% in lower volume.
MNTA - up 3% in lower volume.

LOWLIGHTS
CONN - down 3% on lower volume. This one still looks to me like it has more work to do on the downside.

NOTES

CURRENT HOLDINGS (longs)
ACAD, CBG, CONN, FOXH, HEP, HOS, IDIX, MNTA, NURO, PRPX, RTSX, TRW, VCC, WSSI

Stock Journal 9/26/2005

2005-09-26T20:19:00.000-04:00

INDICES
NASDAQ up .22% on lighter volume and the NYA up .5% on slightly higher volume. NASDAQ NYA

HIGHLIGHTS
CONN - up 8% on higher volume.
MNTA - up 5% on higher volume, for its highest close ever.

LOWLIGHTS
NONE

NOTES
Still waiting on the NASDAQ to follow through before entering any new positions. Three straight up days each on lesser volume than the last doesn't inspire much confidence, but who knows?

CURRENT HOLDINGS (longs)
ACAD, CBG, CONN, FOXH, HEP, HOS, IDIX, MNTA, NURO, PRPX, RTSX, TRW, VCC, WSSI

What makes a successful trader

2005-09-25T16:50:00.000-04:00

Found this great post on the Stock Bandit's blog.

Your trading success depends on you, not an indicator.

"...It is so easy in trading to want a “sure thing.” Often we tell ourselves that the next time we see the perfect trade, we’ll hit it hard and knock it out of the park. Perhaps you have searched for the perfect indicator or trading system which will virtually guarantee you profits if you will just stick with it. No doubt, we have all heard stories of other traders who claim to have found the “holy grail” of trading and fully expect to watch their account values skyrocket now that their search is over. However, the fact is that there are no sure things. Every trade has a risk associated with it. All profitable trades (even the home runs) started with a chance of losing money. We have no guarantee that our stocks will continue in the direction we want them to..."

Stock Journal 9/23/2005

2005-09-25T09:57:00.000-04:00

INDICES
NASDAQ up a little on lower volume and the NYA down slightly in lower volume. So far, the recent rally attempt by the NASDAQ has been on much less conviction than the recent downslide. NASDAQ NYA

HIGHLIGHTS
CONN - up 3% on lighter volume, reclaiming the 50dma. Still, this one looks like it has some more work to do on the downside.
IDIX - up 6% on higher volume. Working on the right side of a base.
RTSX - up 4% on lighter volume. Finding support around its old highs.
TRW - up 3% on lighter volume. Reclaiming the 50dma.

LOWLIGHTS
NONE

NOTES
Still waiting on the NASDAQ to follow through before entering any new positions. Sorry about the lack of posts last week. I was on vacation and found it hard to get to the computer with enough time to do it.

CURRENT HOLDINGS (longs)
ACAD, CBG, CONN, FOXH, HEP, HOS, IDIX, MNTA, NURO, PRPX, RTSX, TRW, VCC, WSSI

Stock Journal 9/19/2005

2005-09-20T08:46:00.000-04:00

INDICES
Both indices down on lower volume. NASDAQ bouncing downward off the 50 dma and taking out the low of its recent rally attempt. NASDAQ NYA

HIGHLIGHTS
HOS - gapping up and closing up 4% on higher volume.

LOWLIGHTS
RTSX - down 3% on slightly higher volume.

NOTES
With the nasdaq taking out its recent low, am back to waiting for a new rally to start before any new entries.

CURRENT HOLDINGS
ACAD, CBG, CONN, FOXH, HEP, HOS, IDIX, MNTA, NURO, PRPX, RTSX, TRW, VCC, WSSI

Stock Journal 9/16/2005

2005-09-18T18:21:00.000-04:00

INDICES
Both indices up. The NASDAQ rallied right up to the 50 day. Volume increase due to options expiration. NASDAQ NYA

HIGHLIGHTS
None

LOWLIGHTS
None

NOTES
Waiting for follow-through on the indices.

CURRENT HOLDINGS
ACAD, CBG, CONN, FOXH, HEP, HOS, IDIX, MNTA, NURO, PRPX, RTSX, TRW, VCC, WSSI

Stock Journal 9/15/2005

2005-09-15T23:31:00.000-04:00

INDICES
NASDAQ down slightly in higher volume, NYSE up slightly in higher volume. NASDAQ NYA

HIGHLIGHTS
RTSX - up over 4% for an all time high on higher volume.

LOWLIGHTS
MNTA - Down over 3% on higher volume.

NOTES
With the NASDAQ closing below the 50dma average for the second day in a row, I am again looking for a new rally to begin with a follow-through on day 4-7. Until that happens I won't be adding any new positions.

CURRENT HOLDINGS
ACAD, CBG, CONN, FOXH, HEP, HOS, IDIX, MNTA, NURO, PRPX, RTSX, TRW, VCC, WSSI

Stock Journal 9/14/2005

2005-09-14T20:30:00.000-04:00

INDICES
NASDAQ down over one percent falling below the 50 dma. NYA basically flat. Both down in lower volume. NASDAQ NYA

HIGHLIGHTS
NURO - Up over 4% on higher volume.

LOWLIGHTS
None

NOTES
Not sure about this rally anymore. NASDAQ closing below the 50 day makes me wonder. If it closes below that line tomorrow I consider this one done.

FOXH announced a deal with Merck that sent FOXH it up 4% afterhours. We will see how it plays out tomorrow.

NURO rallied pretty well after coming close to the 50 day.

CURRENT HOLDINGS
ACAD, CBG, CONN, FOXH, HEP, HOS, IDIX, MNTA, NURO, PRPX, RTSX, TRW, VCC, WSSI

Stock Journal 9/13/2005

2005-09-13T21:49:00.000-04:00

INDICES
Both indixes down less than 1% in higher volume. NASDAQ NYA

HIGHLIGHTS
None

LOWLIGHTS
None

NOTES
With the market in rally mode, I am looking to add new positions.

CURRENT HOLDINGS
ACAD, CBG, CONN, FOXH, HEP, HOS, IDIX, MNTA, NURO, PRPX, RTSX, TRW, VCC, WSSI

TRADING FLOOR SECRETS

2005-09-13T00:00:00.000-04:00

TRADING FLOOR SECRETS: The Psychology and Mistakes of Trading, Scott Kramer

"Everyone who trades will have losses. Period. That's why it is termed trading, and not profiting. Along with education, how you mentally prepare for the inevitable is what will determine your success in trading-or life, for that matter.

The difficult thing about losing trades is that they can drain people mentally, physically, emotionally and perhaps even spiritually. Maintaining the right frame of mind is key in getting past hurdles, as it is frustrating for even the most mechanical traders to admit that they made a mistake. After all, no one forced you to make the trade, so admitting that you are your own worst enemy can be very humbling. Even Sir Issac Newton (arguably the greatest mind history has seen, inventor of integral calculus, physicist, discoverer of gravity, philoso! pher, etc.) after losing his fortune in the South Sea Bubble of 1720, went on to state in embarrassment and self-deprecating modesty, “I can calculate the motions of heavenly bodies....But not the madness of people.”

Stock Journal 9/12/2005

2005-09-12T19:52:00.000-04:00

INDICES
NASDAQ up in higher volume. NYSE down in lower volume. NASDAQ NYA

HIGHLIGHTS
MNTA -up nearly 6% on higher volume.
IDIX - up 3% on lower volume.
RTSX - up 10% on 3x volume. BREAKOUT!

LOWLIGHTS
HOS - down nearly 5% in higher volume.
NURO - down nearly 3% on lower volume.

NOTES
With the market in rally mode, I am looking to add new positions.

CURRENT HOLDINGS
ACAD, CBG, CONN, FOXH, HEP, HOS, IDIX, MNTA, NURO, PRPX, RTSX, TRW, VCC, WSSI

Stock Journal 9/9/05

2005-09-10T14:52:00.000-04:00

INDICES
Both up in higher volume. NASDAQ NYA.

HIGHLIGHTS
CONN - up 3% on higher volume.
FOXH - up 5% on higher volume.
RTSX - up 3% on 3x volume.

LOWLIGHTS
NURO - down 5% in higher volume.
TRW - down 3% on 2x volume.

NOTES
With the market in rally mode, I am looking to add new positions.

CURRENT HOLDINGS
ACAD, CBG, CONN, FOXH, HEP, HOS, IDIX, MNTA, NURO, PRPX, RTSX, TRW, VCC,

Stock Journal 9/8/2005

2005-09-08T23:49:00.000-04:00

INDICES
Each down less than a half of a percent. Nasdaq in higher volume, NYSE in lower. NASDAQ NYA.

HIGHLIGHTS
ACAD - up 6%, on higher than average volume.
FOXH - up 4% on higher volume, reclaiming its 50 dma.
IDIX - up 3%.
RTSX - up 3% on lighter volume.

LOWLIGHTS
HOS - down 3% in lower volume.

NOTES
With the market in rally mode, I am looking to add new positions.

CURRENT HOLDINGS
ACAD, CBG, CONN, FOXH, HEP, HOS, IDIX, MNTA, NURO, PRPX, RTSX, TRW, VCC,

Stock Journal 9/7/2005

2005-09-07T18:37:00.000-04:00

INDICES
Small up day on higher volume NASDAQ NYA.

HIGHLIGHTS
MNTA - up 6%, though on lighter than average volume.
TRW - up 3% on higher volume.

LOWLIGHTS
None.

NOTES
With the market in rally mode, I am looking to add new positions.

CURRENT HOLDINGS
ACAD, CBG, CONN, FOXH, HEP, HOS, IDIX, MNTA, NURO, PRPX, RTSX, TRW, VCC, WSSI

Stock Journal 9/6/2005

2005-09-06T19:16:00.000-04:00

INDEXES
Follow-through on both indexes today with each up over 1% on higher volume. NASDAQ NYA

HIGHLIGHTS
PRPX - up 13% on 9 times average volume closing at an all-time high.

LOWLIGHTS
None

NOTES
With the follow-through in the indexes today, I will be looking to add new positions.

CURRENT HOLDINGS
ACAD, CBG, CONN, FOXH, HEP, HOS, IDIX, MNTA, NURO, PRPX, RTSX, TRW, VCC, WSSI

The Foundation of My Trading Philosophy

2005-09-05T14:28:00.000-04:00

This is an old article from the end of 2004. Pretty simple stuff but that's the beauty of it imho.

"What investors should be doing is focusing on the action that is in front of them today. If you have winning stocks, then let them run. If you are starting to accumulate losses, then do some selling. The secret to market success, and you should tattoo this on the back of your hand so you never forget it, is portfolio or money management. Picking good stocks and making accurate predictions sure can help, but having a system in which you cut losses and take gains is the key to long-term success.

It is my strong belief that the vast majority of investors would improve their results if they simply developed some sort of strategy for selling laggard stocks in their portfolios. Unfortunately, individuals often have a very strong psychological resistance to admitting mistakes and selling losing stocks.

In addition, Wall Street strongly encourages individuals to keep putting more money into weak stocks. The phrase "buying opportunity" is a Wall Street favorite, but few realize how dangerous it is."

Cracks in the Housing Bubble

2005-09-05T11:27:00.000-04:00

Interesting little article about the possibility of cracks in the housing bubble.

"When the new statistics on new home starts and pricing came out last week, the good news was overwhelming. Housing sales were up 6.5% "to break yet another record," reported WSJ.

So what did everybody miss? Namely, one small detail that tells more about the housing market than most statistics ... and very possibly is the first crack in this enormous real estate bubble. Get this:

The median price of a home fell in July by a whopping 7.2%"

Stock Journal 9/2/2005

2005-09-02T18:31:00.000-04:00

INDEXES
Light day of consolidation on the indexes. Still waiting for the follow through.
NASDAQ NYA

HIGHLIGHTS
HEP - up over 4%, reclaiming its 50dma on above average volume

LOWLIGHTS
HOS - down over 4%, but on much lower volume than during its recent runup.

OTHER NOTES
MNTA looks like it has a date with its 50dma coming up. Should be interesting to see how it reacts.

Current Holdings:
ACAD, CBG, CONN, FOXH, HEP, HOS, IDIX, MNTA, NURO, PRPX, RTSX, TRW, VCC, WSSI

Stock Journal 9/1/2005

2005-09-01T23:03:00.000-04:00

Not much excitement today on the indexes, both moving in ligher trade than yesterday.
I will continue to look for a follow through day over the next three trading sessions. If we get one, that is the cue to start looking for some new entries. In the meantime it's just a waiting game.

Current Holdings: ACAD, CBG, CONN, FOXH, HEP, HOS, IDIX, MNTA, NURO, PRPX, RTSX, TRW, VCC, WSSI

Stock Journal 8/31/2005

2005-08-31T18:42:00.000-04:00

A nice day for the Nasdaq as it was up 1.05% today on heavier volume clearing its 50 dma.

The NYSE was up 1.34% also regaining its 50 dma.

The stance is still defensive, but this could change with a follow through day in the next four days.

Current Holdings:
ACAD, CBG, CONN, FOXH, HEP, HOS, IDIX, MNTA, NURO, PRPX, RTSX, TRW, VCC, WSSI