SWN yesterday hit $41 and just today pulled back as typical, but definitely on a moving force. I believe the last time I spoke last week it was over $35. What a great call option play, but I’ll have MY day and as long as I keep up with my numbers I should be more ready this fall. It might just work out for me this time with the market poised to turn harder up with all of Fed. Bernanke’s talkin-the-talk, rumors being spread, some mediocre better numbers on economic reports, and stocks finally moving back up leaving their steeply discounted prices. It bothers me a bit. I admit it, I want to trade so bad. I have to resist the powers and keep my promise to myself….man these months discipling myself not to trade have been hard. I get these voices saying, “come on this one will work, you’ve been waiting for it, it will only be one trade…” I have to resist the evil within. I’m sure it means fun and good intentions in it’s own evil mysterious universal ways but I need to stick to my big guns and keep them strapped in just a bit longer.
There will ALWAYs be trades in the future, big moves, small moves, and no moves. Everyday the stock market goes up and down, sidways, and life goes on. Today I’m a trader, tomorrow, and for the rest of my life.
I WILL MAKE LARGE PROFITS OFF YOU SWN, AAPL, NUE, GOOG, SPWR, FSLR, GME, and housing stocks your time is near! You better be afraid market makers of this big Clint Eastword city slicker trader! Be very afraid I will come back the Green Giant!
Other news on stocks – General Motors (GM) 1:100 reverse stock split. What a joke. NOW THATS A PUT OPTION PLAY! This stock when it goes from $2 to $200 (your money cut in half) will start selling like girl scout cookies. Oh, the put option on that baby will be one fat profit play mark my words. ill do an update on it a few weeks after its split. reverse stock splits are the worse.
May 6, 2009 | Categories: aapl, aapl calls, apple aapl stock, apple computer blog, call options, how to become a better money manager, how to become a patient trader, how to retire young, hundreds turned into millions of dollars, predictions on stocks, Southwestern Energy Company, swn options | Tags: 1:100 split, aapl, call options on swn, fslr, gme, goog, how to be disciplined and patient trading stock options, how will GM reverse stock split affect my portfolio?, nue, southwestern energy stock predictions, SPWR, stock options trader, swn | Leave a comment
So I’m in San Diego, CA on my north patrol portal. This is my first of many I suppose if our boat keeps working. The stock market has been ruff as usually simular to Alaska waters. I uploaded many technical analysis on stocks charts so be sure to see them (flickr pics on right side).
So I’m thinking after looking at many charts that the markets trend is still going down.
My practice option trading would go something like this: [short term plays]
BUYING CALLS on:
Southwestern Energy Company (SWN @ $49) – hitting bottom BB’s with strong trend up with raising oil prices increasing more popularity for energy to increase.
GameStop Co. (GME @ $51) – following strong uptrend and has been sold off even though it is the number one electronics game retailer. Every kid, teenager, and dad goes to this store to buy new and used games. It’s hot, and going into christmas its sales should increasingly rise.
BUYING PUTS on:
Apple Inc. (AAPL @ $172) – Hot product, high price, but currently tech and the entire market makes this stock so vulnerable to any move and I think the next move will be down.
Sears Holding Co. (SHLD @ $107) – Super company, lowering peg, but it seems retail just isn’t the industry to be buying in at the moment. Big downtrends and probably will see lower prices before buying happens.
Macy’s (M @ $28) – Again. Mega store everyone knows, but not in the buying club at the moment. Is anything? Low peg, lots of value, but no buying into it.
Goldman Sachs (GS @ $207) – This financial stock even though has losses is one of the better value you ones that won’t be held down for too long. Low peg of .70, low PE, but the banking stocks are just in crutches. The only banking stock I think should outperform all the others besides losses is Bearsterns (BSC @ $91) because its book/price is $86. I think it will keep bouncing off this support price. Peg currently at 1.06. I think this is the best play if buying CALLS. BSC will be the first to back to its highs, at least I think.
Citigroup (C @ $31) – This stock is going to its grave in my opinion. Mega huge banking system that I feel hasn’t got credit for the billions it has lost yet. But nothing can beat Country Wide financial (CFC @ $8) – This thing is going to $1 in my opinion. Mega PUT stock. You could probably get rich playing PUTS on it if you were smart and had money left to trade.
Google (GOOG @ $666) – Note the price! Scary huh? Stock charts show GOOG flipping over and about to be sold, at least short term. Peg is 1.26 not bad for a $600 stock which really says something, its going higher!
Nutri Systems Inc (NTRI @ $25) – This stock just has big pops (big white canldes) and then tanks. Sell offs. Funny thing is that its peg is like only .36 or something right now. IF IF IF it proves still to have good growth next quarter this stock is going to jump probably 30-50% in one day. Sounds crazy, but I could see it happening being sold off like an ugly stock now, but it is also getting all these lawsuit cases which probably isn’t helping publicity to want to buy it either.
Mastercard (MA @ $181) – Hot stock, super product. They basically just make millions a day off dumb consumers spending credit cards and never paying them off. I’m really not sorry if you are one of them. You have a choice, which is why this stock is going higher, but in the mean time it looks like it is being sold off some.
Ocean Outrigger (RIG @ $129) – RIG looks ready to fall some. Major growth and long-term CALL play in my opinion with rising oil prices.
Dicks Sporting Goods (DKS @ $30) – recent +7% just went to 0%. Falling charts makes this a short-term PUT play. Lots of Tv advertising you should be noticing especially on ESPN. They want to be a number one sports retailer and they are doing the right things to get there and stay there for a while.
China International Index Fund (FXI @ $168) – This stock has been falling and will continue to with the markets/asia markets. Charts show more selling coming.
November 27, 2007 | Categories: 2007 market crash, 2007 option picks, 2007 stock picks, 50 - 200 day moving averages, aapl, apple inc stock, asia stock crash, bsc, china index fund, citigroup stock, dicks sporting goods, DKS, fxi, gme, goldman sachs, goog, google stock, gs, ma, mastercard stock, NTRI, nutri systems stock, rig, shld, swn, trading stock options, why is ntri falling? | Tags: 2007 short term future outlook, aapl, bsc, buying call and put options, C, DKS, fxi, gme, goog, gs, M, ma, NTRI, rig, shld, stock market blog, swn | 2 Comments