It seems since I got back from patrol in march 08′ that I’ve been the total slacker journaling in my market diary, practice trades, and just keeping up with my favorite stocks. I basically traded blind in April-May and got what I deserved losing my account. The market has been so wild. Like today FSLR down almost 40 pts in a month and specifically down -$15 today. GOOG has been moving up finally and it’s PEG of 1.00 deserves the stock to do so. A $600-700 price target looks really realistic with all the billions, new technologyies, and still growth. Then there is oil and energy stocks. It’s a no brainer oil stocks were going to move higher and pull back. Lastly theres big growth stocks like MA and V. I have to admit I was not trading V at the right time at $82 twice. When I saw is laying dead at $77 that was the right pull back price now currently hit $87 this move would have been plenty to earn 100% on, but I guess you keep learning and eating dirt along the way…
Still waiting to close. VA appraisers most be stereotyped to take forever to finish so now I have to wait the full amount which is June 6th supposedly to get my keys. My refinancing if everything goes smooth will be June 9th. My home was appraised at $117k in Virginia. I’m still happy with that with the markets fluctuating in housing industry. That’s still almost a 50% gain over 3 years on the purchase price. My home in Hawaii was appraised higher then the selling price so the appraiser knew it was worth well more then what I paid. Usually a home is only appraised at the loan value not more over while mine was appraised $10k over the purchase price meaning the true market value is around $60-80k in the money full of equity. This is pleasing in the chance that in a few years I could earn over $100k would be awesome if I did decide to sell. Even then I’m going to turn this into my dream home (or should I say apartment) so I might really end of loving it.
May 29, 2008 | Categories: trading stock options | Tags: appraisals, big returns, condo, dream home in hawaii, equity, fslr, goog, housing industry, ma, refinancing investment properties, stocks, v | 4 Comments