OMG: Sell

I paid for my mistake today. OMG never took off after my buy and I was tempted to sell on Tuesday. I have habit of trying to find reasons why the stock should go up or down when it is not in my favor. Good thing I did not place too much money on OMG initially or might of been a bigger loss. Going forward, I will minimize my mistakes and concentrate on what is working for me.

OMG: Update

If OMG does not make a turn around within the next day or two, I must sell the stock to minimize my loss before it gets wider.  OMG still is in an uptrend, but it is getting weaker. I noticed ATI tanked today, but I don’t have anymore short position. I have tendency to buy stocks right after I’m doing well, and I believe OMG is what happened (Which is why I did not put lot of money initally).

ATI, WCC, OMG

I covered my rest of my ATI at $77.95 this morning to protect my profit. Keeping my WCC for now as I don’t see any technical reason to cover here just yet. OMG made 52-Week High today, and I would like to see the stock move more because it is not overbought.  If for some reason OMG fails to move higher soon, I’ll be prepared to sell my position.

OMG!!!

OMG! This stock is acting strong in this weak market. Moving higher from last quarter with two hammer type candlesticks. Not so great entry on my part.