Apple (AAPL) does -17pts Wed – Fri – The Big Downtrend Continues even though all the Bulls want it to go up again.
So AAPL @ $445 was either going to move higher at $457 where I expected it to bounce back up with support but it fell more instead. If you look at the Weekly / Daily chart it’s 100% in a downtrend and the recent continued fall has only supported more of a fall which I think will be even harder possibly going under $400. Things that could change this? Some really new products. Better growth and lower margins in April earnings. Sometimes no matter what a stock just falls because the big traders are making lots of money on the move so until they want it to change direction it will continue its trend. So remember “The trend is your friend”. All the charts are beginning to cross-over with big red candles but from experience this is a choppy time. One day it looks like a fat put option the next day it looks like just a pull-back and continuing uptrend (see NSC). Seems like tech will continue up (besides AAPL which is like the ugly ducking at the moment) however housing/materials/energy seem* to be changing direction which could be great shorting trades but I’m just going to keep my eye on them at the moment and if and when it feels right I’ll dive in head first.
Downtrend charts (AAPL, TOL, EOG) – Transitioning (NSC) – Uptrend still (GOOG)
What else can I say? I think everyone had a miserable day in the markets today. AAPL & HLF down. Ouch.
I’ve been watching the DOW and it has been slowly turning upside down. I suppose today it threw-up some gains. I got smacked in the face with the ongoing Hacker news piece regarding Apple and Facebook. I sold out of my call options this morning when AAPL didn’t rally after its morning sell-out. I took a loss but not as bad as if I’d stayed in it and hoped for the best which I find even if I get out now I can get back in later at a better price and regain my lost. As for Herbal Life I should have gotten out of it after it didn’t rally – after 11am. Soon the positive earnings weren’t good enough. I didn’t see it turning over with the rest of the market. Around 1pm the market changed it’s position from buy to sell. HLF down -2pts is nothing good for me. I’m glad I had a small position and now will only have around 20 days to pray that Carl Icahn does a private buyout of HLF so the stock shoots up. It keeps hitting around $44-46. If it is 30-60% undervalued at under 10x earnings then I might be able to see the light again under all this heavy cold water pouring on top of me at the moment…I probably took a 25% hit on my account. On a positive note if the market finally does fall some it will be easy put options and I’ll just reverse my position on AAPL because it has the largest downtrend and my early up-entry was just premature. So Apple down -12 today I figured it will go down another -20 what the hell. The apple is falling from the tree and since it has fallen it has become more rotten and who wants to eat a rotten apple?
Redeemed myself today – VERY risky Apple (AAPL) trade +248% – Back in the game!
Okay, so yesterday with $4500 in my account I took a BIG bet on Apple’s stock that since it was swimming around $630 and not dropping that it would move higher. It did move higher into the close so I double upped big time on AAPL OCT 670 CALLS @ $.23. Now, I bought 1 contract of AAPL OCT 670 CALL @ $2.71 only a few days earlier. I think only 2 days earlier. So $3 to $.18 cents isn’t that promising to just JUMP into, but I felt the bear gunslingers in this trade were getting tired and the bulls were regaining energy. I mean, how much positive news does it take to make Apple move again??? All good news and the stock was just constipated sitting on its ass. Once that poop went through it would run again. Well, I was in luck today because although there were always rumors finally luck came my way with an actual fact that Apple was going to show a product in the next week. Apple went from +$5 to +$13 making the out of the money calls suddenly more volatile and quickly change from snails to rabbits immediately as the market maker saw the opportunity to make money. Believe it or not this happened in less than 45 minutes. My option doubled and I couldn’t even be sold out of my GTC because I had an ALL OR NONE on my price of $.50 with the current bid/ask of $.67-.70. In a helpful way that ended me gaining another +$3000 profit as I cancelled it and did a limit price opening it up to partial fills taking around 1-2 minutes of complete thrill as I saw it being filled up at $.80 instead of $.50 (+248%). I wanted AAPL to reach $650. This was my target to sell out but I was able to sell out quickly around $647-648 with my option target above what I wanted. I didn’t wait. I wanted to be out of this trade BADLY. I like big fat tech stocks but not in near death $0 expiring options. I know what happens at the end of expiration when you wait – and HOPE – nadda – zero – sorrows – and lack of discipline that only leaves you unable to stay in the game. I told myself if Apple didn’t do shit today I would sell out at a bigger loss if it ended at $.10 to $.18. However, today I really got lucky and the support on technical charts which I saw a crater forming over the 5-10 day chart make Apple finally pop – however Apple could have just continued to fall – so I WAS lucky on this one even though Apple really was constipated in price. I would have stayed in the trade if my options weren’t near death because it’s a high probability chance that AAPL now will move even higher tomorrow with a big white candle with a kicker bullish chart setup. I’m happy with the cash I got and I’m on to a less risky in-the-money intraday trade. I’m better at trading intraday – smaller profit – less stress – no worries what the price will be the next day.
My currently account status
August 15th, 2012 – began trading again and started with $2000
October 15th, 2012 – into my tenth trade with an ending balance of $12,500 (up 525% – 60 days)
In my my 12 month plan I would be in month 4 so I am 2 months ahead. See post here how to make a million in 12 months trading options IF you are the BEST if you suck you’ll loose your ass.
What can I say – It’s been a rough month for me and Google.
I should of looked at the big picture, but even that would of not stopped me trading on a solid streak. Well I’m down around 50% for Sept-Oct. 12′ so far. I should of knew better. Everything I was taught was to warn me about warnings season during this time. Even with all the positive growth and cash flow I still took a hit on my GOOG calls which were way in-the-money. I had 2 changes to cash out making some money and I sat on the piano waiting. I’m really pissed at Apple Inc. right now but they really don’t care. Apple has been dragging down tech in every way imaginable – which is plenty of a reason not to be buying CALLS in any tech. No matter the good news if Apple is having bad news everything will be brought to its knees. This makes me really think the big picture again – Apple can’t stay big and profitable forever unless is cross’s over into more products… more like Google. I’m still waiting for Facebook to really profit from its 1 billion users. Well, it’s not the end of the world.
I’m going to a stock options seminar in two weeks and bring my mom. I’m leaving the credit card home because I know I don’t need any specialized stock system to make good trades you just need discipline. I figured I go to learn some new strategies and just get me pumped to do better. I know I can. It is just a matter of focusing on what I do best and stay away from what I do worst. I’m still figuring that out, but what I do know is that I trade better intraday in the last 3 hours of trading 1pm – 4pm than any other time and doing it consistently even if its smaller gains. I’m becoming an old fart and I really don’t want a day job.
Up +$7000 or 350% since August 16th. Trading stock options on AAPL & PCLN
I took $2000 of some money I got back from my school and felt the timing was ripe to trade some stock options. During this time I was deep into renovation a rental home and in full force finishing my MLitt in Film Studies dissertation project and essay. This was hardly the time to be trading volatile stock options on large cap stocks that move violently day to day. My main goal was to just earn enough to pay back, well everything, my total debt is around $130,000. I’m not afraid to say it. Most people hide it, but I hide nothing. I’m not proud of it but sometimes you make bad mistake after bad mistake or in my case I just consider myself likely somewhat handicapped in the entrepreneurial department. I would go as far as thinking I am mentally and business retarded at times making irrational decisions to achieve my American Dream – which now I know is definitely not greed for money but greed for personal freedom/desires (Which still cost money).
So here I am with $2000 to basically lose even though I need it for repair costs, credit card bills, yada yada. I see a great trade on Priceline Inc (PCLN) when I see it got crushed after a report on possible lower revenues. This stock has a solid cash balance sheet and great EPS/PE. I bought it around $559. I have been trading CALLS on it ever since and have done pretty well. Every time I get in it my main goal is to be out of it within 24 hours or less. For the most part I have achieved this. The other trade is with Apple Inc. (AAPL). I’ve traded some PUTS and CALLS on it. They have been mostly quicker trades the PCLN. For the most part if I wanted to I could be in and out of AAPL within 2-4 hours earning on average $500-1000. My last trade earned me around $3000. I’ve only done I believe 5 trades in the past 30 days. This is inline with Gary Williams trading rules to only trade 5-10 times per month maximum. I’m taking a break now so I can let my run cool and re-focus on my next trades. I am not as eager to trade as when I was 23-29 years old and I think that is because I am wiser at trading more now at 31 then when I began at a young 18.
I almost took my $7000 profit to buy a sweet badass 1965 mustang, but instead I settled for an ever cooler 1990 Bronco with a failing engine for $900 which I didn’t have to pull any money out of my trading account. Hahaha. Come on, just laugh! The back top comes off and it turns into a muscle jeep. My mom owns my loved diesel Jetta and I hope to get it back or just buy myself one once I have a more stable income. Currently I’m finishing my MBA, working on starting a mini aquaponics fish farm, trading options again, and among all this trying to now edit my first non-fiction book with a friend to publish and sell on all digital readers. So, I don’t know what my future of trading holds for me, but I do know I’m on a good run and I don’t want to give it up so easily.
Oh, if you are wondering about the Toke n’ Toss business ventures, well, it’s completely over. Now I understand why they say choose your partners wisely – marriage or business. Let’s just say this was another $5000 business lesson, but this lesson was one on one truck/stand vending for concert goers. Learned a lot, but learned the most that people that aren’t willing to budget and chip in on expenses should be left on the side of the highway as soon as they start complaining that a twelve pack of beer IS a business expense and YOU are going to pay for it because the partner doesn’t have any money.
See below trades:
AAPL, GOOG, PCLN – bounce back up – plan to continue to fall
In my previous post after the continue trending change in AAPL, GOOG, and PCLN I see them moving down further. News articles have already come up to scare off Apple investors. A bounce back from its previous sharp fall is normal. We’ll truly know a peak has been hit if AAPL big +30pt move dies by the end of the week. However, practicing these 3 helped me pick out the weakest of the litter – Google. Google has been moving like a slug in the crowd and falling harder when taking hits. For this reason out of my 3 practice trades I would trade my life on I would choose Google put options. I intuitively feel it has the most loose too because it has tried so hard to become everything and take over large markets. It is still a search engine and advertising engine, but it’s beginning to spread itself thinner and get into more trouble. Also it doesn’t really MAKE anything. Everything is digital even though it did buy Motorola it sounds just like to make them stronger instead of actually innovating a product line with a whole lot of money.
See chart below – As you can see GOOG moved the least with it’s friends.
My current practice options must be down at least -80% but that’s okay because I’m smart to be practicing my theories instead of using real money like I use to. My expected bounce back on Apple that I knew was going to happen but could’t confirm did happen today. For the most part if a stock takes such a big dive, it’s still worth tons in free cash, and it’s a top tier company it DOES bounce back however from YEARS of watching the market if it is at a super high run up peak if it isn’t able to recapture it’s highs investors and big traders start considering to make million$ trading the other way down because ladies and gentleman you can earn just as much as not more shorting or put options on a stock – some awesome instrumental tools as a knowledgeable trader.
Fantasy Portfolio update / BIG OPTION PLAYS I’d trade my life on – AAPL, GOOG, PCLN
It’s too bad Yahoo! Fantasy Finance doesn’t let you short or trade options on stocks in your portfolio. I’m currently up 14%. Nothing to brag about compared to leaders supposedly with up to 150% gains in the past 30 days. I don’t know how they are doing it but I can only assume they are trading penny stocks or stocks only under $2.
See shot:
Some BIG OPTION PLAYS I’d trade my life on which I think at the moment are definite risk/reward worthy are put option trades on AAPL, GOOG, and PCLN. They have been trending down for the week 5-20% off their highs. I’ve been waiting and waiting for some big institutional sellers/investors to start taking some profits and selling. I believe this is finally happening as stock analysts re-think Apple. I think it’s run up with Google and Priceline are currently in a stock value correction. The company’s have moved up so quickly a stock correction was bound to happen. Now I’d trade my life on a definite ongoing correction probably another 10%. However, from experience, this could also be a quick buying/selling opportunity. Whenever a high talked about stock like Apple falls 20 points as it did today then next morning it can have a volatile swing upwards confusing any type of trader. So a correct entry point is crucial and very short-term trading profits are important – meaning if I was going to trade puts on any of these companies once I’m up 50-100% in a day on a contract it would be smartest to get out and just get in/out when the timing looks right on technical charts and watch how investors are reacting/how news is changing.
Even with the stocks hit hard today I can bet they will actually be positive tomorrow.
However I feel a put trade over 1 month will have definite positive results. Since I have no money in my account. I will trade as if I only have $2000 for each option. (A total of a $6000 account).
Here are my 3 BIG OPTION PRACTICE PLAYS on AAPL, GOOG, PCLN.
Bought end of close 4/16/12
AAPL 555 MAY PUT @ $20.44 (This is the closest to in-the-money I can buy – although way out of the money with only having $2k towards trade however this option is moving fast with big swings).
GOOG 610 MAY PUT @ $19.40 (Surprisingly, GOOG is higher and I can buy in-the-money puts for $2k)
PCLN 655 MAY PUT @ $20.50 (Closer to AAPL’s option pricing – out-of-the money with $2k trade)
Very short-term such as the next 1-2 days I expect the stocks to pop up, however if I’m right on trending and more importantly – FEAR of losing money for many holders – the stocks should continue a down trend and the more that sell the sharper the decline until a big guy steps in and stops it buying back changing direction – a new market correction. So check back in a week for a post update on this practice trade.
Market Journal Update – AAPL, NFLX, GOOG, QQQ / Personal Projects
Market hit 13,000. Mr. Market’s emotions seem generally mixed to highly optimistic even though we are historically in the “earnings warnings zone”. Any CALL option trade I would of made long in January would of been at least 10-20% in profitability. The January Barometer has kept Mr. Market’s enthusiasm as it is referenced in articles regularly.
AAPL @ $520 – Fall near? Problems with copyrights over iPad in China. How much will it cost Apple on its next earnings? Is it too big to fail? The higher it moves the more volatile it will fall with bad news.
GOOG @ $605 – I think GOOG will hit $700 this year. The iPhone’s are still a hit but the TV marketing campaigns for the DROID and newer smart phones duplicate the iPhone and offer more options than the iPhone plus Droid is dominant in the mobile market.
NFLX @ $120 – Netflix entered the United Kingdom market. I think it’s going to bring a few more billion to their cashflow due to that their are no competitors currently in the UK besides LoveFilm owned by Amazon but doesn’t have the large library like NFLX.
NFLX moved with its Jan. 12′ earnings up 20%. I think it hasn’t moved for almost 2 weeks because it’s just taking a breather. If it grows and expands its business model of streaming/dvd’s into Europe it could be a hot stock again like Apple.
QQQ @ $64 – The QQQ’s have followed all 3 of these big boy Nasdaq stocks. At $64 it’s high as an index stock. This index use to not even move past $44 only until just a few years ago. This is the high, however, if the market continues to go up especially with
AAPL and GOOG move another 50pts with the general market following the QQQ could see new all time highs, however I’m pessimistic and think the QQQ’s will be sold off some lower than $60 within 1-2 months.
On a personal note I’ve been having dreams about prospering and success with bee’s, fish, and snakes. Also my film projects have been slow to come about. I hope to soon start getting my market commentary up in animated form through The Secret Corporation project. Scotland life has improved, some. I still consider the stock market my first home and one day full-time income and everything else I do just a hobby for fun and to share freely with others. However, until I’m able to have complete discipline and earn more than I lose I’ll have to settle for delivering pizzas and freelance work.
noteable stocks – apple (aapl), wells fargo (wfc), citigroup (c)
Some notable stocks I’ve been journaling over the past few weeks are:
Apple (AAPL @ $100) – up 10% and stock price has held above $80 since the economy got worse.
Wells Fargo (WFC @ $14.50) – Since Warren Buffett made some positive comments on it saying investors will be surprised by better earnings (plus I should mention the positive news on Citigroup) the stock is up 40%.
Citigroup Bank (C @ 2.50) – Positive news on profit in 2009 and on since biggest plunge 3/6 stock is up 100% and will likely continue to climb.
Spicy Pickle (SPKL @ .20) – Not really super big news buzz worthy but for a really really little guy this companies “image” and confidence might make it the next Panera Bread/Star Bucks/Quiznos. They aren’t waiting on the economy to get better they are being innovative and open thinking taking action now to still grow and build their business.
-fn
-41% on recent plays – Apple changing status to a downtrend stock? First Solar flipping to the upside now?
Wow. What a confusing market. As soon as I think the markets are stabilizing they do some crazy stuff and caught off guard. Tuesday the Fed lowered the interest rates which was assumed would happen by the market. If it didn’t happen then would the market be tanking right now? I think lower interest rates are good. Personally, if the rates went below 5% I would definitely refinance. On the main page of the Honolulu Advertiser newspaper it said “rush to refinance” I see this as a mega plan for failing mortgage companies to become cash king giants again. Remember every refinanced mortgage they do they earn fat commissions. If within the year more people are buying because of lowered interest rates which means the more you can buy with less money then I’ll definitely be flipping my Hawaii condo for a real fat profit. I’m about to put another $1800 into finishing all the drywall. I figure get it done now when I do have the money so if I can’t sell it within a few years (some major markets chaos) then at least I can rent it well because it looks new.
My bad plays were Apple (AAPL) and First Solar (FSLR). Apple predicts a halt in sales I think this is going to make this stock drop drop drop until Steve Jobs their savior says something different or they come out with something more innovative and new. As for First Solar there was tons of bad news on the company and charts showed it still falling. Then it goes up 20 pts. This week commodities have done quite well. If I would have sold out of my options Tuesday the majority of all my options going into the fed decision rallied and I would have been in the plus likely for all of them. It just shows what one day and one news story can do when trading within days using call and put options.
I’m definitely changing status on AAPL options. Likely will be practicing shorting it with put options here on. Also after a big day yesterday the second day usually lets some gains go. So practice selling today probably wasn’t the best day. 2 days in the trade would have been the best.
see results: (click to enlarge)
my big 2009 stock picks – new option practice trades going into new year
hello. how has your stock trading been going these days? currently I’m reading the Dick Davis Dividend. a big fat book with a lot of “i don’t knows” in it. i’m about only 30 pages in to it. definitely a slow read and waiting for the good stuff. i’ve never known a writer so interested in summer camp. i couldn’t stand the ones i was a counselor at so i suppose its how much you dig it.
for my 2009 big stock picks (For myself):
i have a strong conviction that X Steel (X) currently at $38 is going back up up up. it just recently broke its downtrend and slow like a crater tippy toeing back up. i could be wrong and like mr. davis “i don’t know” because there are so many “ifs” in the market that change circumstances, but for now if i bet my life on it i’d buy X call options and the stock (covered calls). even in a slow economy we are still building and so is many growing countries such as china and india. other stocks i see ripe are Apple (AAPL) at $98. it recently hit $110. i see everyone with an iPod and many people i know and people i meet talk about how they want to buy an apple computer. when you go into their mall show room retail stores its stuffed with helpful workers and masses of interested potential and current apple fans. i think another star is AMAT Technologies (AMAT). currently at $10 it is one of those innovative companies and with obama’s energy bill it should strike some wicked fat solar contracts. southwestern energy company (SWN) is always knocking its head with the trend. if you look at the charts its broke its trend and has been moving sideways. its currently on its low so i expect it to move past $30 again currently at $28+ a share. lastly the credit card companies Mastercard (MA) and Visa (V) are both on a tidal wave and likely profiting from this credit mess and consumers going back to credit card use not home equity for all those christmas presents this year for the kiddies. V at $52 still new to the stock market exchange is likely to move quicker past $60 i think.
for my stock trades i’m currently still up +690% since august 2008. if i would have sold out of my last option trades sooner i would have been up more but because i neglected them i lost over 130% on those trades, but that’s okay i’m back in practicing again and that is what counts. i just need to keep practicing even when I see a stock like HOKU at $2.89 and I want to be in it. the more practicing i do the closer and sooner i will get to my goal of understand my stocks better to trade them with less risk and what pisses me off the most is telling me trading in the stock market is gambling. it isn’t if you take real calculated risks which i am practicing on this year.
see recent practice trades going into new year 2009:
stocks jump off bollinger bands – FSLR expected too
I had a hunch today might jump up some after around 2 days of losses, but on the charts everything was still moving down. The only precise clear signal I saw for a real call option trade was on FSLR with it’s big red candle dipping below the BB’s and on smaller charts showing technicals moving up in the morning.
Today stocks really moved with force. I noticed on the charts and highs/lows how much of a swing there was showing major candle wick buying support/confidence. I have to admit the good thing about practice trading and figuring out which side of the trade you should be on is that you can be wrong and not lose money! Currently looking at AAPL charts on the 233 min. there is a clear picture of what happened today and likely on every chart I look at too. For the past week and half stocks have been falling and today from what I see will create a few up days or call option practice trades. Currently many of PUT trades were profitable even though they closed higher because they fell lower.
For a moment I considered staying in the Puts for tomorrow, but the right thing would be do to close them since I know stocks are about to move higher and change sides. The only ones within yesterdays practice trades that would have worked would have been ones hitting low low’s. (or +$1-2 on option)
Now, I still have my “ifs” because also on all the 55 min charts it shows each white candle getting smaller and smaller not hitting top BB’s (except AAPL). So this could also bring me to the conclusion that todays boost could be short-lived and fall again hard tomorrow. I’m going to play dcalls because the charts say a second day of upward movement, but we are still in all downtrends currently. So since I’m not playing long-term Puts I will trade what I see on a weekly basis.
See below with completed practice trades 11/12/08 and new 11/13/08 following:
SOLD
BOUGHT
new option call and put practice trade picks november 2008
Looking at my charts and current economic market conditions I came to two conclusions.
#1 The market just had a mini-rally, lost the rally, and is continuing in the major downtrend
#2 Many stocks charts show a possible “V” hitting the bottom, hitting bollinger bands on weekly big charts, which MIGHT mean a possible “W” major trend reversal may happen in the next few weeks we’ll see if that last down run will be the last at least for a while.
We’ve been in a full down down down for a full year. It’s likely possible to continue it, but stocks are at real discount prices looks at X and AKS and AAPL which its retail stores are constantly SO BUSY you’d think we were in a real bull buying consumer spending crazy type market. I also like SWN, FSLR, and QQQQ but since everything says “down more” currently I’m playing PUTS except for FSLR which is being pushed down so hard and on shorter charts shows tomorrow it will likely spike some up before moving down more. All my plays are short term likely to be out tomorrow or the following day. I find being in for just one market day increases my profit/time in play for trading options.
see trades below (currently up +700% since august on trades):
Sold call/put option practice plays – +130%
I was wrong about SWN trying to trade it against the general market while I saw everything else going down. This just shows “the trend is your friend” is the real deal. Below are my practice option trades on FSLR, GOOG, AAPL, RIMM, QQQQ, SWN, ATS.
Although on big charts shows uptrend, short-term stocks will continue to fall again
The day after the election said a lot. Basically in my opinion the markets gained so much in the past week that after election day they puked. At least in the short term on charts it looks like stocks will continue to fall some more especially RIMM, AAPL, QQQQ, FSLR, AKS, and GOOG on daily and 233 charts. The only stock I would bet against the market flow at the money is Southwestern Energy Company (SWN) with its strong momentum breaking through all major down trends currently at $37 which keeps hitting lows of $26 then popping back up to $28-31. I can see it surpassing $45 by end of November 08′ if it keeps up. Magic is happening on weekly charts right now. Real strong support hitting real lows on bottoms slowly curving up creating big U’s showing a real change in direction, but how much change and how soon?
My put option practice plays:
RIMM, AAPL, QQQQ’s, FSLR, AKS, GOOG
My call option practice play:
SWN
my practice trades for the rest of the week put and call options – ICE has a real unique chart currently showing “W” reversal.
currently the only chart that stands out from many perfectly downtrends technical charts is ICE with a plain view “W” support bullish reversal on dailly and 233 minute charts. check it out for yourself. since it’s by itself I don’t think i would trade it as a real trade just because everything is moving down so if the market keeps moving down by force it will too.
put and call option practice trades on V,AAPL,ATVI,FSLR,GOOG,HANS,RIMM,SBUX,EOG,SWN,RIG,NYX,MA,DKS,SHLD,ICE
call options plays worked +45%, RIMM drops hard after earnings release, stocks bottoming
the market seemed to get more optimistic today. warren buffet’s edgy deal profiting from Goldman Sachs (GS) couldn’t hurt. without even looking at my charts i know that congestion would be shown with stocks starting to break out. after the market today Research in Motion (RIMM) dove down on earnings. it just shows how unpredictable stocks are releasing earnings. stocks across the board are down a lot and i’m curious if investors fear more after RIMM’s -20% drop. i do know also the Republican party threw out the bailout plan Democratics were happy with. i’m sure this creates some room for panic and turbulance in the markets as well. i will likely be practicing put options tomorrow unless the bailout plan is passed through law and okayed by everyone. should Fed bernaneke really be taken serious? if he just gave “why” an answer with “facts” rather then just vague statements i think everyone would take the Fed more seriously.
see below call option plays closed today:
call option plays
put option practice plays – winning stocks i think that hit bottom
currently i’m trading all my favorite stocks as put option practice plays because we just had a mega short rally, the mini bubble burst, all stocks have doji evening stars, and show signs of at least short-term downtrend movement. however glancing at a few stock charts and know how much growth some stocks are STILL having i think HANS, NTRI, and AAPL are real winners and aren’t going to move much down anymore. For one thing HANS and NTRI have been stuck on the bottom for a while and they are slowly starting an uptrend. As for AAPL it has been on a bumpy ride, but going into the Christmas holiday shopping season it should have a better quarter in Jan 09′. Plus AAPL is selling millions of iPhones, regardless of a reduction in price, it is gaining growth market daily. NTRI and HANS are also at the top of Fortunes 100 fastest growing companies. NTRI has been having sour quarters, but still growing so when it does have a very good quarter the stock price could really run. ICE has a huge evening start stretching huge support and resistance on both sides. SWN and RIG are strong currently in energy sector. I think after this third top going down will be a strong support area and that will be the bottom for at least energy, excluding stocks like FSLR which I think could fall a lot more down. RIG has actually broken it’s downtrend so if SWN and RIG are positive this week I would think it is going to be the real bottom and start playing calls up.
see put option practice plays below:
put option practice trades
Currently where financial institutions are going I would keep playing it a put until things really change. It seems tax payers are really going to burn for corporate errors again instead of the companies paying for their own problems. I admit if a person bought a home they couldn’t afford and they lost it I’m okay with that. It is not the banks fault, it is the customers fault for being stupid. But when the bank screws up I do not think it is fair when the big American federal reserve bank bails them out if it isn’t going to bail out the American working class (although if they did I would want a free house too).
quick call option plays – short plays
The following stocks I’m going to try to play short call plays to see if the second day they come back with positive buying if not then the correct thing would be to continue practicing them on puts.
Paul Meyer 
Market moving up again during July 09′ earnings.
For the majority of companies earnings have been better than expected (duh). When analyst make price targets so low and earnings low because they think consumers aren’t buying suddenly it looks like companies are doing really great. Well, in my opinion they are and they aren’t. One of my most followed stocks, Apple Inc, is doing quite well. It seems everybody has an iPhone these days and all those other look alike’s just aren’t the same as the iPhone. It’s just awesome. Do I have one? Nope. I’m too cheap, but will likely get one in Jan 10′ when I can get the upgrade cheaper and hopefully by then prices will come down again. I’ve predicted Apple’s stock from $105 to $130, then from $136-120 drop, then predicted its $135-159 price move just recently. I can’t wait to trade it once I feel my practicing is up to par. I plan to heavily practice trade in August. I do expect the stock to fall again. I did think this summer’s move was pretty large in comparison to other summers and I guess it makes sense with most prices extremely low compared to their PE/earnings. So I suppose real estate prices will follow the market as soon as everyone’s emotions get really optimistic again. I do hear a lot of positive comments on channels like CNBC which is a good sign that the main stream is saying “buy” softly. I’m a bit surprised with RIMM not following AAPL. Usually it mimics everything the stock does.
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July 27, 2009 | Categories: trading stock options | Tags: aapl, Apple Inc., CNBC positive market comments, investor, July 2009 earnings season, paul meyer, rimm, summer trend going up | Leave a comment