Friday March 22/2013 was a trade less day. But I will take some time to talk about my long term holdings:
$AMD
AMD brought back hope earlier this week but during the last two trading days (Thursday / Friday) it deteriorated like a piece of shit. As you can see in the chart provided the two red days totally blew all the gains it made earlier this week. Now it looks like it will head for 2.40 range and possibly lower. This is a long long term holding. I am waiting until it pops above 2.90 range and then the stock will have upside momentum. Until then it will keep bouncing around between the range of possibly 2.20 - 2.75 which is annoying.
$COH
Now when I bought COH I examined the gap on the daily chart and understood that as long as it stays above 50 I am happy and if it goes somewhere down to 46 range I will be out. Only invested 44 shares so the share amount is not huge (as the damn share price is so high) but if $COH goes to 55 or above where the 200 moving average is then that is a nice target. I am comfrotable in investing in $COH but not day trading $COH, its intraday trading setups are dirty, fakey and will kill your account + your mind.
Click Here to see current price of $COH
I will update my other 2 long term holdings another day. One of them is quite entertaining. Check out $AFFY
Have a nice weekend! Time to go roller skating!!
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