The Trading Almanac

A diary of investments in my IRA, a daily look at my stock watch list, and additional commentary/discussions on individual stocks, the overall market, economics, technology, etc.

Location: United States

Monday, January 16, 2006

Trade Recap

It has been a little crazy in my neck of the woods, so I must catch you up with my trades. On Thursday, I sold out of STP at $34.85 for a quick gain of 7.89% (6.36% after commission...). Like with some previous trades, a trailing stop ensured that I locked in nice gain.

On Friday, I bought and sold JSDA. Jones Soda was flying because HANS was up over 14% and mentioned the word "acquisition". I stopped out with a 1.61% gain (0.35% after fees). I'm not a day trader and this one was a little HOTT for me.

All in all, a good week. I closed 6 winning positions and my portfolio went up slightly over 3% for the week. My portfolio is up 10.36% on the year (9.33% after fees). I won't complain. One worry, one of my core holdings, Whole Foods (WFMI) was weak all week and down over 4% on Friday. I expect some consolidation in this company because of its rich P/E, and will be deciding soon if it is time to get out, or purchase some more! My other two holdings, GOOG and AAPL are doing just fine....

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