IBM Sold

My stop on IBM triggered at 97.50. I'll buy it again in the 80s. I made 16.5% on this in less than a month. Whenever something goes up that quickly I tend to want to sell it even if I think it has long term possibility. In this case I didn't just sell it, I put in a stop a few % below where it was. I'm planning on keeping 10% high water mark stop losses on everything I own. This would have saved me a lot last year, but I still feel like I got out at the right time (half in September and half in early October).

IBM stop changed

I changed the stop on my 9% holding of IBM to 97.50. It is currently trading around 98.50 and I should probably just sell it since it went up 17% in a few days, but I'm going to try and follow it up if it continues. There has been quite a rally over the past week and I'm still mostly on the sidelines, but glad I got back in some. Overall, I'm up for the year so that is a good sign.

IBM stop

I forgot to put in another stop on IBM and did so today after it closed at 88.62. I put the stop order in at 80.10.

IBM stop changed

I changed my stop on IBM to 85.50. It jumped up to 91.50 today and I figured it would be a good time to move the stop to where this would at least be a break even instead of a loss of ~20% from where it sits now. If it hits 95 I'm going to consider selling it.

I HATE playing the market for the short term, but this economy is not allowing me to run any sort of long term strategy. Tell me if you have any ideas? I got into GLD/SLV to hedge inflation last year and it went crazy and has been seeing all time highs which scream bubble to me so I sold it, but I don't even feel like cash is safe since I don't completely trust the solvency of any of the brokers. Wall Street has no soul.

PWRD sold (stop triggered)

The 10% stop loss I placed on PWRD triggered and it sold at 14.04. It looks like it recovered a little from there and is now sitting at 14.17, but for now I'm out.

IBM sold

The IBM stop triggered this morning at 95.34 and sold all my shares.

Placed GE Stop

I finally decided to at least place a stop order in on GE in case it decided to slide even more. I put it at 31.78 and I'm selling all (~9%) in my account if it drops to that number. I came up with that number looking at this three month chart. Which shows the low at 31.70 on March 10 and 31.75 on April 14. I wanted to be a little above those marks thinking maybe other people would choose those as their sell point and I wanted to jump the gun a little if it headed that way. I may still sell this in the near term if I see more of this type of infighting in the leadership or if I see more bad news about possible spill over from the credit crisis.