A little movement...

Well the SNDK trade is looking good...had some nice action today and appears to be breaking out to the upside. I'm going to reduce my GG position tomorrow. I'm not eliminating it just need to take some money to use elsewhere...more on that in a second. GG is moving pretty much in concert with the gold price which is seeking some direction. The USD looks like it could be heading down again. I'll see if GLD can bounce off it's 50 day MA before I make a more definitive call on the position. With the partial sale I plan on adding PEIX which has been a favorite of mine for sometime. The stock has worked its way down to an RSI of below 30 for the first time in a long time. With the continued strength in oil, the alternatives will do well.

I was thinking earlier and reviewing some of my trade calls from earlier in the summer. I realized on several occasions the calls were timed very well, and I had the right idea as far as time horizon but some of my other rules got in the way. I think if I have a time horizon on stock that is both fundamentally and technically cheap that I should stick to it regardless of the short-term price action. For instance my call in my post http://theskinnyreport.blogspot.com/2006/06/oils-for-summer.html. If I had kept my original time horizon the returns would have been fantastic, but I either got stopped out or wimped out. I need to come up with more of total approach. I have individual rules but they don't seem to work together to well all the time. I'll be looking at these in more detail soon and try and get one solid plan together.