I haven’t even looked at my charts for almost a month now and I can already visualize in my mind what is happening. First I can see one big bullish candle down and a second big bullish candle parallel to the down candle. This creates a tunnel/sandwhich like effect that for the most part is rare and shows a change in buying/selling.
More surprisingly HOKU under $8 has not been moving at all and just has fell instead of move like big stocks FSLR which currently just swings up and down 10-20 pts a day it seems like. I’m going to have to make one big journal entry about all these big moves and economic policy decisions going on plus what happens to Bear Sterns (BSC). Wow. I would have never of thought that company would of feel to just $3 and get bought out by JPM for only $200 million dollars. Any billionaire status entrepreneur right now can almost buy a mega company cheap that is in trouble. I’m surprised Bill Gates with Microsoft isn’t buying everything up to dominate and monopolize on the market place.
AAPL through all of these hard moves has actually been pretty supportive in the 120’s so this just might becomes its 52 week low for the following year and finally move past $200 for good unless a stocksplit happens by Steve Jobs by surprise.
I’m seeing huge moves happen daily during one of the most hardest times to trade. I have to admit its very lucrative in daily plays, but would be very dangerous staying in a trade no longer then 1 day right now due to the extremely swingy choppy markets. I don’t think our market has hit the bottom that fast. Home sellers are still having problems selling their homes and consumers are still resisting buying and starting to talk again about how risky the market is to buy stocks. This is not bullish talk in my opinion from people who create the profits to drive stocks up.
Living on the boat has been swell. I’m about out of money to fix the boat. Other boat owners have suggested just living in it and doing nothing to it. I’d really like to sail it and go on trips, but it needs a LOT of work to be seaworthy. So I guess I’ll see how far I get with what I can pay for and do to the boat.
I’ve uploaded about 20 of the stocks I watch daily, where the trend I think it is going, and commentary on the chart for my reference to see if I was right or wrong for future new charts.
I’ve got the time to upload some new trend charts I’m studying to see them just click on the flickr trend picture column or click here to see my flickr page of all my trend charts.
trend charts include: AAPL, ATVI, C, DKS, FXI, HOKU, HANS, MA, INP, TTM, YHOO, GOOG, RIG, SWN, RIMM
check out INP. I’ve seen this stock go from $48 to now $112. Like FXI I think it still has much room to grow with small downs and big moves up with India’s major growth. I believe TTM will start to follow india stocks with its new plan for $2500 car.
check out AAPL. will it get support at current price levels ($172)? major trend will be breached soon if Mac Expo 08′ and earning on january 18th do not give investors reasons to keep charging the stock up. If you look at any other tech stock right now BIDU, GOOG, RIMM charts show in favor of major downtrend to form if negative opinions continue on the economy.
btw – only 70 pages left of Alan Greenspans book! great book and very insightful.
Well…Here I am starting at $1000 again. The only stock that didn’t go down on me was my spicy pickle franchising stock. It’s down -$200, but nothing compared to my Nov MSFT and AAPL out of the money options. I was totally whiped out and I mean clean. Oh well. It is just money right? I definitely should of been watching the Nas and Djia which I didn’t realize were trending down until my older sister told me why she thought the market was going down. It came to me so unexpected, but I guess I should of expected the exception happening. I’ve been heavily deep into watching technology industry charts that this sudden crash just got me. I’ve already taken $1000 to $10,000 many times so I’m pretty confident I can do it again with the market falling so hard playing some Puts and then waiting for it to stop and play call options on AAPL and RIMM all the way back up to their 52 week high’s. Apple (AAPL currently at $156!) is still a great company with everything going for it. New awesome sleek products going into international markets and selling many iPhones its new product everyone wants. Oh, and did I say christmas and iPods? I have good reason for it to go back up in price after tech has been sold off but it will be a little while before that happens. I find analyst are suddenly bearish on Google (GOOG @ $642!). Why? This stock is major growth power and low peg of 1.30. If GOOG drops to the $600’s which it probably will with a PEG near 1.00 that stock will become a major buying opportunity. It is just too bad options cost so dang much. I probably could only afford way out of the money for $1000. I’m still rooting on Apple.
So because of this disaster. I’ve lost my total account basically around $26,000 within 1 week when stocks started to fall after dumb Cisco’s report (CSCO). I definitely should of just took out my winnings and paid off some crap or bought another house. I guess I keep learning the hard way. It isn’t easy being so risky sometimes. I will not be able to buy off my note for $35,000.
A person just gave me another offer of $105,000 for my single family home so I’m going to take it. That will give me a $35,000 profit after owning it/renting it out for almost 3 years. So this will go as my down payment through a 1031 tax exchange for the bigger mobile home park for $190,000. I ending mortgage was around $58,000 so after all the costs I should have at least I hope $40,000 applied to the commercial mortgage. I could also of refinanced my current mortgage, kept the incoming rent of $725/month, and took out an equity loan of around $50,000 for the down payment on another 20-30 year note. This was also an option, but I figured if I only have to worry about 1 payment at a time this is better even though my currenter is pretty good about making all her payments. So now I will have to mobile home park mortgages. My first park in Savannah is getting there. We are finally getting some better renters and hopefully I will get it fully rented earning around $2000/month which is my goal. As for the second park my goal is to keep the gross at around $4500. After all bills I want to be earning at least a net profit of $24,000 year. So no matter what I’ll have a decent income even if I have not made consistant money in the stock market. I think my goal now is to just pay off my real estate so the cashflow will get higher.
As for the stock market. Well I’m all in with $1000 as soon as I find the right play.
Okay so to finish from a few days ago I bought AAPL calls going up and I was sold out the falling morning for $2.60 up 25%. I wanted to trade into GOOG earnings, but with a small amount so I only traded $1000. Again I was probably being too greedy. I could only buy 1 contract and I did at $10 for GOOG NOV 690 CALLS, but I should of put my GTC order at $11.50 or $12 at the most. Early morning trading the next day the option only went up to $12.60 so if I only put it up a dollar or more I would of been sold out with a 10% profit. I put my GTC order at $15 because I thought GOOG which his $658 would of rose $5 since I was closer to in the money, but I was wrong. I also slept it! I put my alarm for 3:30 AM to get up right when the market opened so I could sell out, but I slepted in an hour and that cost me $300. I sold out at $7 with a $300 loss. I’m actually happy I loss only $300 because if I would of stayed in I’d lost a bit more. This is what is confusing: I bought my option when GOOG was at $639, but my option fell $3 dollars even when in the next morning it was up $9. You’d think my option would of went up with the stock instead of fell. How is this possible? I figured it had to do something with expiration Friday for options. My call option fell $3 even thought GOOG’s stock went up and held at $9 so like $648. I don’t know why my option fell so much but it did. I think for now on I’m not going to buy calls near expiration Friday. They must adjust the price or something. Anyway GOOG earnings should help the stock rise. The Dow drop of -$366 pts is termporary and I definitely expect Monday or Tuesday next week to have a pop and push the market higher after this big pull back.
Stocks I’ve been keeping a close eye on are FXI, GOOG, AAPL, NUE, SHLD, RIG
FXI is due for a correction with the asian markets. Just recently it has fell 18 pts within a week. If it breaks its major trend I might buy a crap load of Puts on it. AAPL’s earnings are OCT 24th and I might play Puts on it because historically Apple during earnings falls every time.
With NUE steel is starting a strong uptrend helped by X. SHLD is just very volatile and I’m looking for entry points since it is going sideways now. Lastly RIG had a peg of .41 does anyone know this? This stock has continually gone up its trend and if does at $112 it will start bouncing back up again to a higher price.
Last week was an excellent week. My art was together doing its thing. The day I told myself I would sell out my profit went up to + $20,000, but I was at a major disadvantage because I had no phone to call my broker nor internet to sell out. I finally did get to sell out of my Nov and Oct 07 670 call options both well over 100% ROI in less than 5 days market days. I told myself I’d sit back now before jumping into a new trade. I might take a tiny bit of my profits such as $500 to go through GOOG earnings on Oct 18, 2007. The past 2 years GOOG jumped around $30 if it reported good results so if it was another good year my options should sell out the day of earnings profitably.
My eyes are back on Apple Inc. (AAPL @ $167). I think it has finally maken up its mind to start “moving” again. It is definitely capitalizing in on the iPhone and its monopoly. I am seeing more and more iPhones in peoples hands and personally I want one too! I currently have a Nano iPod and enjoy it very much without any problems. Earnings should be stellar with Apple also taking over the computer market currently staking a 25% stake in the share of all computers sold. Apple is hot right now. I’d like to be options and see it go to $200 price target. This may happen at its next expo in January of 2008.
Lastly the only other company I’m interested in is Sears Holding Company (SHLD @ $142) the retail sales reports scared the stock some, but many factors are coming into play to force the stock up going into major retail selling season. Historically on charts it doesn’t move much after mid-November it looks so I don’t know how much a play SHLD will be, but I will watch it for a trade.
The lady I’ve been interested in is awesome, but I don’t think she is interested in me. Maybe the friend deal? Lame. I got to dance with her at Octoberfest here in Honolulu. I had a blast and wish I could do more with her. I did send her flowers and she loved them for sure. I guess only time will tell if I have a fighting chance at her heart.
As for my trailor park my new manager is doing a great job and I plan to buy some new trailers on the lots to rent out more. The second park is still waiting for appraisals and contracts to be done. I bought a residential lot near Austin, TX for $1000. Its right in a major new and upcoming community with tons of golf courses. If I do retire is that what retired people do? Play golf all the time?
After watching Michael Moore’s “Sicko” I think I’m going to also buy land in Canada, France, and Cuba since the healthcare seems to be great and Cuba buying up Peso’s could be a great investment long-term.