I foolishly decided that buying NTRS on a pullback to 48.50 this morning was a great risk/reward trade. NTRS had broken its recent downtrend yesterday and closed at the high of the day on good relative volume. In my many years of trading this has proven to be a high percentage play. BUT during the past three weeks I have … Read More
Them silly small caps move cleanly…say what?
Yup that’s right. Lately I have been a holder of a good chunk of those small caps. It requires a ridiculous amount of patience for them to move but when they do, boy can they actually move in an orderly fashion. Take for example CHTP, I’ve been long for about 6 days already but has been a relatively easy hold. … Read More
The Transaction Tax Would Destroy Small Businesses
Mike Bellafiore, partner at SMB Capital, was interviewed today by Damien Hoffman from Wall St Cheat Sheet. In the interview Mike discusses the proposed “transaction tax” in Congress that would increase the cost of trading. Read the full interview here.