The market gave me hope today when it seemed to be confirming Monday’s move up, so I did some buying.
$RL is a new position for me. It was recommended in my (cheap) Chaikin service and it had been talked about on IBD. The blue line is where I first bought it in my “Chaikin” account, and the green lines are where I bought it in my IBD account today. Seems silly, but that is how I do. It looked ripe for a breakout so instead of buying it “early” after hours I put in a buy-stop just above the pivot. (I should have bought a little after hours). When I got back at lunch time, the limit had hit for a 1/3 position and the stock was about 2% into the buy zone, so I bought another 1/3 manually. IBD generally says by 1/2 at first, then 30%, then the final 20% so you don’t get top heavy. I gotta start trying that this year.
I had a 1/3 position in GEV bought on 12/20. Last night in the video they pointed out that it looked like a high-tight-flag with a nice consolidation. So I put in two stacked buy-stops just above the pivot and maybe 2% into the buy zone. The afterhours price was reasonable, buy when I work up it was way up, and it gapped up on the open, jumping over my stops.
With a chart like that, I had to have some, so bought my second 1/3 position manually about 4% into the buy zone.
I have held $IBKR for a bit now and am up 25%. I trimmed half when the market looked iffy, but when things turn up, I started buying it back. You can see that it had a beautiful upside reversal off the 50dma last Thursday, a day when the market was pretty bad. I saw that, but I could not bring myself to buy on a bad day. Friday was a good day and I still did not buy. That was truly an unforced error. So I bought back another 1/6 today and will be willing to go larger than a full position if it has a good breakout. Live and maybe learn.
I recently bought a new IBD position in $META, and like IBKR, it had an upside reversal off the 50dma on Thursday and also broke a downward trend line. In this case I was willing to buy the next day and then again today when it strongly moved back into the buy zone.
Finally, I picked up some NVDA today. I had been holding a Dec 2023 position for a long time and finally sold recently. There were better early-buy opportunities, but I preferred other stocks at the time. Now I have a little FOMO and wanted to start a position before Jensen spoke tonight. NVDA has basically been going sideways since June, so it is due. We shall see.
