21st Sept 2011–Now is still not the right time!

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
	2.18				commission	4 days

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

1. Market future dropped below 1%.
2. It is not good to hold this kind of volatile stock at this kind of situation. Get rid of it first and let's watch how things turn up.

 

Lesson Learnt:

 

1. Looks like my immediate decision is correct.
2. Don't go against the market.
3. Let's see how is tonight's FED night's response.

 

Intraday Chart

Historical Chart

17th Sept 2011–Welcome back to MotorCity

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
2.20 (13th Sept) 2.18 (15th Sept)				1.96

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

1. Weekly chart shows that price stabilized at $2.00 for a month time.
2. Daily 20MA line has flatten out and price started to hovering on top of it rather than at bottom.
3. Intraday chart shows that triangle shape is forming.
4. Daily chart secondary indicator like MACD and etc are all pointing upwards.
5. Volume has decreased significantly.

 

Lesson Learnt:

 

1. Mingle with this stock before at around $7.50. The previous dropped was scary. Stop loss saved me.

 

Intraday Chart

Historical Chart

31st Aug 2011–Pattern Study–MOToR city deep in the valley.

Ticker:

 

1. MOTR

 

Topic:

 

1. Lower and lower and lower ! Is it going to bounce back this time?

 

Lesson Learnt:

 

1. Intraday shows some sign of recovery with bullish cross of 20MA line and 50MA line and price stick on 20MA line.
2. Daily MACD shows that it is coming up from the central line.
3. We have a daily and weekly multiple bottom.
4. Weekly chart shows high volume of selling and high volume of buying the very next week. Does that mean bottom is in place?

 

Intraday Chart

Historical Chart

15th July 2011–Spent some $$ in MOToR City.

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
	7.32				Losses	9 Days

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

1. Stop loss triggered

 

Lesson Learnt:

 

1. I don't like what it is doing. Market was up at the beginning of the market, but this stock  keep going south.
2. I should have moved my stop loss to the break even point previously since the market is bearish. Quite a mistake.
3. From the intraday and daily chart you can see that it is really weak. However, long term weekly chart says that the rebound point can be pretty near. So keep an eye on this thing. Watch for its turning point again.

 

Intraday Chart

Historical Chart

6th July 2011–Pay a visit to your nearest MOToRcity

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
7.96				7.30

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

1. Intraday chart shows that it is starting to trend upwards.
2. Friday night shows that it has broken out from the intraday downtrend.
3. Daily chart shows that a healthy uptrend is forming. All the secondary indicators like MACD, TMF and RSI are on the uptrend.
4. Price lie just below its daily 20MA line.
5. It has just completed the double bottom formation on the weekly chart.
6. Weekly chart also shows that it just broken out from the long term down trend line.

 

Lesson Learnt:

 

1. Volatility and price fluctuation is still expected on stock like this. Watch out carefully.

 

Intraday Chart

Historical Chart