The 47.5 - 48$ level should hold the support. VZ should bounce from there. You buy above that level and short sell below 48$. I would also look for a confirmation from CMF to dip below 0.
Recommendation: Hold, if you already have a position.
Thursday, April 18, 2013
Thursday, March 14, 2013
Tuesday, January 1, 2013
Portfolio performance 2012
Before proceeding further, I recommend you to read the Introduction for my trading activity.
For the calendar year 2012, net gain at Silver Ven Capital was 80% after commisions and other expenses. My 2011 performance was posted here (click link). Volatility was at low levels through 2012 though there were whipsaws all along. Trading was overall good in 2012, we continue to make very good progress. One of the biggest losses for me came from the plunge of KCG. I had to close KCG shares at a loss of 60% on overnight gap down. The good thing about this trade was I had correct position sizing, as a result my account had no significant impact. I rue such losses though, but we cannot expect such events. Hence, I always stress on correct position sizing for the account.
A, One of the first goals of 2012 was to reduce commisions on trading. Commisions for 2012 were 15% lower than 2011. I had a goal of cutting these expenses by 50% which I could not achieve. I plan to reduce the expenses more than 2012.
B, Another goal for this blog is to post my trades in a journal format for everyone to format. I plan to start posting my trades in real time on this blog in a spreadsheet within the next few days. Keep glued to this space.
I wish all readers a very Happy New Year 2013 and continued success!
For the calendar year 2012, net gain at Silver Ven Capital was 80% after commisions and other expenses. My 2011 performance was posted here (click link). Volatility was at low levels through 2012 though there were whipsaws all along. Trading was overall good in 2012, we continue to make very good progress. One of the biggest losses for me came from the plunge of KCG. I had to close KCG shares at a loss of 60% on overnight gap down. The good thing about this trade was I had correct position sizing, as a result my account had no significant impact. I rue such losses though, but we cannot expect such events. Hence, I always stress on correct position sizing for the account.
A, One of the first goals of 2012 was to reduce commisions on trading. Commisions for 2012 were 15% lower than 2011. I had a goal of cutting these expenses by 50% which I could not achieve. I plan to reduce the expenses more than 2012.
B, Another goal for this blog is to post my trades in a journal format for everyone to format. I plan to start posting my trades in real time on this blog in a spreadsheet within the next few days. Keep glued to this space.
I wish all readers a very Happy New Year 2013 and continued success!
Wednesday, December 26, 2012
ISRG update
Posted this on 12/20th . No change in stance, risk is to the downside. Holding short right now with stops. Current chart below on a weekly period, hence patience is required.
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