• Portfolio Management for November 20, 2013

    Since the 20DMF is still in a buy mode and the Stock Selection algo is still having a hard time locating short trades, I believe the best positioning is to stay long. However, low entry and money management are critical.

    Yesterday, I sold NOK on a stop loss and IQNT in strength. I commented on these trades in the forum.
    I almost also exited IBKR when it hit $24, but since it was my last long position left at that time, I decided to give it a chance. However, I tightened the stop on IBKR because I find its EV pattern as uncertain as the price pattern.



    I've had second thoughts about selling NOK, as its EV pattern looks very good. However, we can see below that past bumps have lasted 2 to 3 days, so there's a good chance the price will decline to around $7.5 to $7.7. I will be patient. If I miss getting back in, I will have no regrets, especially if I can open new long positions elsewhere.



    As for new ideas, we can see that BBG has pulled back and bounced on its 50MA. This is an oil producer and could be interesting as the sector is attracting money. I will probably open a trade ASAP unless there is a strong gap up.



    GLW is also interesting. It is the comeback of an old leading stock that is under accumulation again.