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collinmcb's  Instablog

I have been trading stocks for two years now. I learned how to trade from playing stock games, reading blogs, and doing my own research. I am currently a UC Berkeley undergraduate studying Civil Engineering. I dedicate most of my free time to trading.
  • New Actively Managed Fund to watch 9 comments
    Jun 2, 2009 01:04 AM | about stocks: BAMM, BTH, SPY

    About me
    I have been trading stocks for two years now.  I learned how to trade from playing stock games, reading blogs, and doing my own research.  I am currently a UC Berkeley undergraduate studying Civil Engineering.  I dedicate most of my free time to trading.

    About the fund
    Recently, I got the amazing opportunity to start an actively managed fund of $30000 for a fellow student.  I hope to display some of the trading skills that I have developed actively managing my own account over the past two years.

    About trading strategies
    I mostly trade small cap stocks because they are not highly followed by trading hedge funds and analysts.  This creates great opportunities for trades who know how to find opportunities.  I trade mostly using support and resistance and short term fundamental fluctuations.  I find that other technical indicators are too far-fetched and relative to be consistently effective.

    About my blogs
    I will be following the trading account on this blog, giving the trades that I make and my take on the market.  Feel free to ask questions and comment.

     

     


    Fund start date: 6/1/09 ::: $30000

    trades:

    short BAMM at $7.18 with $10000 with a stop at $7.51

    They own and operate bookstores.  They have positive earnings and a better balance sheet than the previous two companies, but it is still relatively weak with high debt.  I recommend shorting the stock more on a technical basis.  Their stock has risen several hundred percent from the lows.  They have regained nearly all of their October losses.  There is resistance still in place from the September 2008 levels at 7.30.


    short BTH at $36.10 with $8000 with a stop at $39.31

    They operate a high-end home decor retail shop.  They have a reasonable balance sheet and earnings, but purely overbought.  I was bearish back in the $25 range.  Strong negative momentum has taken over recently.  Normally, I like getting short before the downtrend forms, but I am still bearish on this stock for a ways down.
     

    disclosure: short BAMM and short BTH

    Themes: trading, small caps Stocks: BAMM, BTH, SPY
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This post has 9 comments:

  •  
    6/2 ::: $30,450

    latest trade short $4000 COT at $6.68 stop at $7.55

    This thing could run up another 5-10%, but will have a very hard time breaking $7.50. I will short more if it reaches $7.
    Jun 02 10:46 AM | Link | Reply
  •  
    6/2 ::: $30,240

    latest trade short $4000 TBSI at $11.83 stop at $12.17
    Jun 02 11:25 AM | Link | Reply
  •  
    6/3 ::: $31,660

    latest trade: short JST at 31.40 with $4500 stop at $32

    technicals turned bearish for JST today.

    As the account becomes fully invested, there will be less trades less often. I hope to hold most of these positions over a week. Some I will hold as long as a month.
    Jun 03 10:28 AM | Link | Reply
  •  
    6/4 ::: 31600

    covered TBSI at 10.05 17% gains
    covered BTH at 34.20 5% gains
    Jun 04 11:44 AM | Link | Reply
  •  
    6/4 ::: $31680

    short COT with another 5000 at 6.18 stop at 7.55
    Jun 04 03:35 PM | Link | Reply
  •  
    6/8 ::: $31,690

    Stopped out of SMP and TBSI. Took gains on JST at 28.65.
    Jun 08 07:52 PM | Link | Reply
  •  
    6/9 ::: 31230

    covered BAMM at 6.94
    shorted ANV at 8.15, stop at 8.49
    shorted TACT at 5.45 stop at 6.20
    Jun 09 11:35 AM | Link | Reply
  •  
    6/9 ::: $31000

    short MRCY at 8.88 stop at 10.03 (looking to take some quick gains on about half of the position, and hold the other half a bit longer)

    short ACCL at 5.13 stop at 5.75 (will add to short position if it reaches 5.45, but keep stop in at 5.75)

    I am trying to get most of the money to work because short term indicators for me are strongly signaling a pullback. The VIX is at support, the S&P is at 950 resistance. I hope to capture some of this pullback with these recent short trades.
    Jun 09 02:23 PM | Link | Reply
  •  
    6/16 ::: $31,560
    covered BTH today at 30.97

    current positions:
    short COT with $7000
    short TACT with $5000

    I am shopping around for more positions in the next couple days
    Jun 16 04:36 PM | Link | Reply
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  • 6/11 :::31000 shorted NDN at 12.77 with 15000 and a stop at 12.95
    Jun 11, 2009
  • 6/5 ::: 31,375 short 6000 of SMP at 6.14 stop at 6.33 long 6000 of TBSI at 10.07 stop at 9.73
    Jun 05, 2009
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