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S&P 500: 1,982.30
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rjm77me
P&P Score: 100.00   Points: 844.24   Accuracy: 72.59%   Average Pick Score: 1.10   Annual Return: 29.62% (156.87% since 7/16/09)  

rjm77me's Blog : Latest entries

I did not make any new buy today - just sold my $BMO options first thing in morning

Date October 29, 2014     Comments Comments (1)    Rate this post Recommend This Post (3)
I had limit orders to sell Bank of Montrial call options and sold above my ask in first few minutes. The stock is going to go ex dividend tomorrow and I can buy the same options cheaper in couplre of days - 70% chance of buying same options cheaper.
I was busy with other things in life.
Priorities take over. I may add few picks on long or short side later on today

Five day rule = unless you can trade every stock tick

Date October 28, 2014     Comments Comments (4)    Rate this post Recommend This Post (7)
My five day wait rule says do not buy a stock for 5 trading days when it pulled back due to earning. Let the market shake the tree and the stock find some kind of base at lower daily volume. 
It has save me lot of grief in the past
Today's poster child is TWTR

Who is a better trader Shorted stock at $270 and bought back at 235 or...

Date October 28, 2014     Comments Comments (0)    Rate this post Recommend This Post (7)
Or one bought at $270 and dancing in street when it goes to $237 from $220.
That is called trading 101

$ NFLX short or long

Date October 24, 2014     Comments Comments (0)    Rate this post Recommend This Post (8)
NFLX will be a nice short at $390 based on chart technically. 
Company sports a PE of 102 with limited cash flow. The last earnings report was epsilon of 4 4 cents vs estimate of 85 cents. The forecast was less than assuring. 
I am looking for an entry point to buy put options
 

Some momentum names getting hit even in Green Market = GPRO

Date October 24, 2014     Comments Comments (3)    Rate this post Recommend This Post (9)
Check out GPRO down for the day about 9%.
Some folks think that GPRO will be going up for ever.

8 years ago Headlines said World running out of oil by 2035.. Now we are talking about glut with no buyers

Date October 20, 2014  Edited: October 20, 2014     Comments Comments (2)    Rate this post Recommend This Post (12)
A few year's can make all the difference.  About 8 year's ago; most experts were talking about running out of world oil supplies by say 2035.
I do see one around.  That is called economics 101.

$AAPL still lacks real buyers

Date October 17, 2014  Edited: October 23, 2014     Comments Comments (3)    Rate this post Recommend This Post (17)
 shares are trading higher by $1.83 at $98.09 in Friday's session. It has found resistance just ahead of Wednesday's high ($99.15) at $99.00 and retreated to its current level.
I had bought some Aaple shares two days ago at 97.41 and sold today at 98.79. I am still buyer of AAPL on dips.
I am a buyer of $GOOG AT 509.02 LIMIT RDER IN SYSTEM

Relative P/E for $ LUV

Date October 13, 2014     Comments Comments (4)    Rate this post Recommend This Post (19)
Luv has traded at average p/e of 12 to 14
With airline sector it achieved p/e of 32 with out 2.2X earning increase.
Where will it go is any ones guess
My relative p/e for $ LUV is 18 to 20

Momentum stocks still getting hit

Date October 13, 2014     Comments Comments (3)    Rate this post Recommend This Post (13)
All high momentum stocks with lot of hot air and lack of valuations are getting hit.
Check it out
MBLY GPRO TSLA and more
Comparatively GOOGLE is trying to find some buyers at 540 level

Did Icahn loose more money on $ CHK then he made on $ AAPL

Date October 10, 2014  Edited: October 10, 2014     Comments Comments (1)    Rate this post Recommend This Post (20)
I just read some headlines on my cell phone other day.
More later
Market Watch October 9 story stated Icahn is the biggest shareholder in Chk. And lost 70 million in chk while gained 10 million in Apple.  The writer wondered when he will talk to CHK board or he just tweets to Mr Cook to gain few points
Mr Cook is a smart guy and know when to put investors money to work. Mr I can more or less own 5 public companies and all of them are near 52 week low price.  Please do your homework.…
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