Falkin Investors

Thursday, November 17, 2005

Great day, gotta love the color green

Well, a lot to jump about today!

  • NASDAQ closes up over 32 points – a huge accumulation day, so much for resistance… Next stop is 52 week highs, are you ready?

  • NVDA up almost 5% to $36.33 – big accumulation day

  • MRVL up over 2%

  • AMD up over 1%

What about SIRF (my 4th holding in the contest simulator)? Well I sold out of my position in this one two days ago because of the current volume trends. The loss didn’t affect my portfolio much more than a .05% so nothing too big as I got out before the big distribution day yesterday. Overall, my strategy is working and I am getting closer to $160,000 in portfolio worth every day. I closed the day with over $159,000 in the simulator account, which is equivalent to just over 59% growth in less than two months time.

I also concluded my cycle with GV in my Ameritrade Apex account. I sold out my last 1,500 today yielding about $80 in profits. Any time I walk out with money I am content, but I could have maxed out at over a few hundred in profits. The “mistake” as it could be called came in from sleeping in too late on earnings day. The stock opened up at $1.08 on the release (which was the purpose of the trade), and was quickly sold off for profits. O well, first come first serve; too bad I signed up for the later dinner!

Closing Thought – “The race does not go to the strong or to the swift, but to the one that endures till the end.”

To the future,

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