I’m Back

Well it’s been along time since last post. I’ve found myself not being able to post because after focusing on the market I just didn’t have enough time to blog about it. But I will try to squeeze it in from now on. I will whip myself next time I miss a post. Well anyway let me get you up to date.
Last year was an incredible year as I was up about 400%. No I am not lying. I turned $4000 into $18000. The year before though, I had a loss of about $10000. That’s not too bad considering the circumstances of the September crash.
This Year I am down about 50% or so as I took a beating and I mean a beating when we had that correction late Jan. I only had two positions on. Guess which two. Google (GOOG) and Apple (AAPL). Most of the lost comes from Google with the 100 point drop. I wasn’t in it for the whole drop. I just kept selling and jumping back in thinking it was going to bounce. I got suckered in on every up move because I couldn’t believe Google would continue to tank like it did. This is a lesson I will never forget. Google before the correction made me a lot of money. After the correction, It lost me a lot of money. I will not trade this stock for a long time because I’m just not in tune with it. Now Apple on the other hand has lost me money but after the current rally, I had made it back and then some. I’m just a long term holder of Apple as I feel they have everyone gaga over their products. It’s like crack as people will spend their last dollar on an Apple product just to have it.
Well there you have it. I’m a long term holder of Apple and I am back in and out of certain stocks that poise for a breakout.
Right now I am a holder of Microsoft(MSFT) and Rino(RINO). Rino is a trade as it is breaking out right now and Microsoft might just be in my portfolio for awhile. Believe it or not, I feel this is the next Google. Google is leaving the door open for competitors to come right in. With Google leaving China and Microsoft and Apple’s relationship improving, I think it could be all over for Google as this Tag Team will be unstoppable if they continue to improve their relationship and partner on future projects. Remember, you heard it here first.
For today, I am looking at ABCW for a quick trade. This is a penny stock trading at a buck 37. But it is breaking out. I’m looking for a quick trade in and out before this puppy tanks like all the rest of them.
Stay tuned for update.
Happy Trading