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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

    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

    Tags: BAMM, BTH, SPY, trading, small caps
    Jun 02 01:04 am | Link | 9 Comments
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