Monday, July 12th Portfolio Update, Trade Ideas

Aloha all and whew, what a week!!  I've been working out details with a buyer for our current home (we close at the end of August) and wrapping up at my office (my official end date is August 27th).  I'm also looking for a new place in the city we're moving to and finishing up details of my daughter's entry into an arts school for wee ones.  Most importantly tho, I am happily, healthfully nearing the end of my second trimester.  I will try to keep the blog updated but it is toward the end of a long To Do list.  It is also the Tour de France and I watch every stage.  Tho, I think I speak for many American cyclists when I say the race took a sad turn in Stage 8 when Lance had 3 falls and lost 11+ minutes to the leaders.

THANK YOU to @nzcrusader and @kstan007 for your help with twitpics.  From here on out, my plan is to blog my completed trades with twitpics weekly and add a MTD total of gains/losses.  I said I'd show the good, the bad, and the ugly, so please learn from what I do well and more importantly, learn from my mistakes (I reference AVNR below when I just needed to walk away and stop trading like a feral cat scratching at a tree.  I should've just bought it, lol).

The more I put things in black and white, the more I realize that I am not a daytrader.  I find that  documenting my trades is a humbling albeit necessary process.  My IRA fares better consistently and it's because I practice patience with that account.  I do best when I buy and hold for a period of a week or more based on a catalyst I'm expecting.  

Taxable Accounts MTD +/-: 1,258.21

IRA Account MTD +/-: 2,462.20

Taxable Account- ARNA (+$409.79)

Taxable Account- VVUS (+699.82)

Taxable Account- AVNR (-123.75)

Taxable Account- BIOD (+272.35)

IRA Account- VVUS (+2,462.20)

Trade Ideas:

I would love for the VVUS panel to express concern re: Qnexa but KEEP the FDA approval date as is.  If so, I will buy when the price drops.  I am prepping my portfolio so I can be in hibernate mode to some extent as I attend to moving/work/family the next month or so.  I am holding MELA and plan to for the next 6-7 weeks.  Part of me would like to see a bear raid drag it down to the low 6s so I can add my last block of shares for a full position.  JAZZ is on my add list for a 6-7 week hold.  QCOR is another possible addition for a 6-8 week hold.  BIOD, ALXA, JAZZ, ARNA and AVNR are on my list of adds for 2-3 month holds, tho I'm hoping ARNA and AVNR drop down from here first).  I likely won't do a lot of trading beyond those for now.