rjm77me's Blog on People & Picks

$RNR and $PRE both group leaders in Insurance are breaking down

$RNR beat earning on may 1 and sold off. It sold off again today
$PRE did the same thing sold off after big beat on Apr 29

beats by $1.04; beats on top line (96.05 +0.81)
Reports Q1 (Mar) operating earnings of $3.39 per share, $1.04 better than Estimate of $2.35; net premiums written rose 11.1% year/year to $1.64 bln vs the $1.64 bln consensus. Tangible book value/share $92.91; annualized operating ROE +13.5%."We began 2013 with a very good first quarter result, driven by strong u…

Why I have been holding $VVUS = for covered call write

I have been selling calls month after month for last 6 months in real money account.
It is a speculative buy with a potential that company may be bought out by some one. For that reason their is a decent amount of premium in selling calls. stock at 13.78 now and June 14 calls are selling for 68 cents and june 15calls are selling for 38 cents
This is good for speculative part of your portfolio. Speculative money per my rulesshould be less tha 10% of a portfolio.
Please do your own home work

$Swing trades and Real Money trades = Thanks for encouraging me

Thanks for following me / my blogs - That gives me motivation to bring fresh trade ideas every week
I just want my followers to compare the steady stream of my blogs and closed trades over last 3 years
It compares to any stock picker service costing $99/ month or more
If one did their own home work along with my blogs or picks - you would have averaged 30% per year.
I spend 8 /10 hours a day trading / charting and following stock earnings flow
Choice is yours.
If a trade does not wor…

FEDS or no FEDS - Is USA turning in to service sector

Wealth is created by producing some thing - does not matter what a nation produces
What are we producing - NAT gas which we can not export.
Industrial sector is in ruins - looking at the charts like GE, RBC, EME,
UTX has signaled top - along with KMB, CLX, CL, K, DID NOT PARTICIPATE IN LAST 5% OF RALLY
Are we using ATM like we used homes for borrowing 6 years ago? The broker will hand over check for 125% value of the home in 5 days or less
Every one felt pain of housing ATM IN LAST 5 …

$XLU is signaling market top in Utilities

$XLU is notparticipating inmarket advance and profit taking has set in its major components
$FE beat by 7 cents and stock is down few cents
I had turned bullish on XLU back in Jan 2013 and wrote few blogs on XLU component trades.
ETR was one of the weakest at that time due to overhang of Nuclear plants in NJ
It is also turning bearinsh
Please do your own home work
I am buying XLU put spreads just a small number to test the waters

Market had a bonus Bumper day

If you were long - you would have enjoyed the day
Just be alert for any change in market direction - just use trailing stops with 3% from current price.
If you get taken out you will have a CHANCE TO GET BACK IN and buy same stock again or get another stock.
Just move the stop up wards - if market keeps going up

After Hour Looser's or Winners today

Companies trading higher after hours following earnings/guidance:REGI +13.6%, YELP +8.1%, MDAS +4.8%, JDSU +4.3%, SFLY +2.9%, V +2.2%, TTS +1.8%, LVS +1.3%, CBS +1.3%, FB +1.1%, IPI +0.7%
Companies trading lower after hours following earnings/guidance:RLGY -4.2%, CNW -4.2%, CSOD -1.8%, ADM -1.7%, GTAT -1.6%, BRCD -1.3%, RNWK -1.2%, CSII -0.6%, STX -0.5%, NGD -0.4%, NLY -0.3%Read more: http://www.briefing.com/InPlayEq/InPlay/InPlayDual.htm#ixzz2S5BtXx54 Under Creative Commons License: Attr…

Quote of The Day = Bull Market - Just few observations

In a bull market, it seems that analysts look at a stock price first, then reverse-engineer a thesis, no matter how preposterous, to explain and justify its valuation.
I found this quote in Citron research Report

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