My views and recent actions 10/5

The stock market has had a very good run since 8/17/07. It’s up in 6 of the last 7 weeks. But since the beginning of 2006, we have got one 5-week winning streak and two 4-week winning streaks (including the one currently still running). So the odds is against us to further elongate the streak. But given the market momentum, it’s still possible. However, my guess is that we will probably get an even to slightly down week next week. On one or two of the days, the market may show some volatility to digest some of the recent gains. To prepare for such a scenario, I sold some stocks in my IRA accounts today so that I can have ammunition on the down days to buy again.

I’m an active swing trader. The following list shows what I did in my IRA accounts in the last few weeks. If you like, you can investigate further on these stocks. Most of them are good short to intermediate term trading candidates. But never follow me blindly.


Transactions made in my IRA accounts in the last couple of weeks
Buy Price Curr Price Change
10/5/2007 Bought VSAT 33.15 => 33.02 => -0.39%
10/2/2007 Bought CIEN 41.21 => 46.9 => 13.81% Closed on 10/5
Bought FALC 13.19 => 13.79 => 4.55%
10/1/2007 Bought OTEX 26.3 => 29.29 => 11.37% Closed on 10/5
Bought CIEN 39.41 => 46.9 => 19.01% Closed on 10/5
9/28/2007 Bought COGT 15.6 => 16.7 => 7.05%
Bought CPO 46.22 => 47.74 => 3.29%
Bought AKS 43.54 => 42.98 => -1.29%
9/27/2007 Bought LGTY 11.47 => 14.42 => 25.72% Closed on 10/5
Bought OTEX 25.98 => 29.29 => 12.74% Closed on 10/5
9/25/2007 Bought FOSL 35.9 => 39 => 8.64%
9/24/2007 Bought PRXI 16.1 => 14.89 => -7.52%
Bought ONNN 12.43 => 12.6 => 1.37%
Bought SONE 8.7 => 9.16 => 5.29%
9/20/2007 Bought ABB 24.95 => 26.97 => 8.10%
Bought HSVLY 15.2 => 17.93 => 17.96%
Bought GIB 11.26 => 11.13 => -1.15%
9/19/2007 Bought VIP 26.9 => 28.81 => 7.10%
9/18/2007 Bought SJR 24.78 => 26.26 => 5.97%
9/7/2007 Bought OTEX 25.08 => 29.16 => 16.27%

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The following is another list of stocks I bought in the 2 weeks before 7/26. I mentioned them in this forum before. Since I was fully invested and I didn’t want to go margin in a down market, this was what I could buy at the time. These eight stocks have done pretty well. I wish I had bought more of them during mid-August, when most of them were at much lower prices.


Ticker 7/26 => 10/5 => Change

LIFC 32.2 => 40.68 => 26.34%
VDSI 26.05 => 38.79 => 48.91%
TKC 17.2 => 24.29 => 41.22%
SGR 51 => 59.58 => 16.82%
KBR 29.5 => 40.92 => 38.71%
CREE 26.62 => 29.41 => 10.48%
CAJ 55.5 => 55.26 => -0.43%
FSTR 32.2 => 47.7 => 48.14%
Average= 28.77%

SP500 1482.66 => 1557.59 => 5.05%


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As an amateur investor, it’s not impossible to beat professionals.

Happy investing to all!