Today

I great deal has happened since my last post. About a month ago the market went into a massive sell off and I closed most of my positions. However, I took too long to do so on three stocks in particular. MA, GS, and ICE were all profitable positions at one point and I failed to follow my stop loss strategy, therefore, exited the positions with a small gain, after being up about 6K. On August 18 or 19, I looked back at my table of investments and made a decision to buy a few on the list. I knew the market was volatile; up 200 one day down 250 the next. So, I used a trading strategy for most of the positions I established. I bought ACH and MR. ACH went from 40 to 60 in a week's span. MR went from 32 to 41 in about a month. I traded several other stocks and taking the gains if the market had a big day.

I tried to used the sell into strength and buy weakness method. I did on a few positions and didn't on others. I thank God for helping me to pick the stocks that did go up. As of today, I'm back to where the account was at its highest point and I have about 50% in cash available to invest.

The Fed cut the rates by 50 basis points two days ago and the financials responding favorably. ICE is 135, MA is 149 and GS is 204. I sold ICE at 134 and GS at 204 yesterday.

I listened to the GS conference call today. They reported a profit eventhough some of their LOBs were down. The bought back 1.1 Million shares at an average price of $203 per share during the quarter. The have a underwriting backlog at record levels and the revs are growing fastest in Asia, less in Europe, and least in the US. Overseas revs account for 50%.

Connection the Dots: After listening to the GS call, it reaffirmed what Robert Hsu has been saying all along; buy China stocks. I read his dispatch today and he noted the ability for mainland Chinese people to purchase Hong Kong stocks is another reason the purchase.