Here are the notes I wrote about some stocks on my watch list this morning.
KRY
– Wait for consolidation. $2.80-$3.50.AMGN
– Fill the gap $71.50-$74. 200dma support at $69.50?AMD
– What’s the next news catalyst? Value analysts’ upgrade? At what price level? Check Morningstar.ERTS
– Upgrade wave may be in effect. MA gap from $50-$53. What’s the news catalyst for this? Check game sites.
I was going to write an individual post reviewing in depth each of the six books listed below. But since I’m a bad citizen and have given in to the fact that I will never find enough time to do so, I’m going to give a quick review for each of them here. So in the order I’ve read them…
Included are reviews of:
I am watching the markets and thinking is this the pullback? Two days don’t make a trend, but I was looking at the DJI and noticed something interesting. For the past month approx 12,670 has been a sort of resistance point. The market has taken 7 runs to 12,670 and only once did it get (more…)
I am studying financial engineering and there has been one topic that has been bothering me; Probability. Here is a question I found at the quant forum. If a family has two children and there is a boy in the family, what is the probability that there is a girl? What’s the answer? 2/3. Or (more…)
I’ve been trying to stay on top of the spam problem with the forums, but the spammers are fighting harder and harder every day. I delete 25 spam posts and 50 more spring up right away. The last 500 or so posts have come from spammers. And I understand why there haven’t been many legit (more…)
I receive the Swiss Stocks magazine and something in Stocks caught my attention. An author said that the funds are going to be the problem spot once the market retraces. I did not quite understand his thinking so I kept reading. The essence of the problem is that funds are buying stocks and driving prices (more…)
I was listening to Bernake, and then Mr Sanders started the typical leftist propaganda. The Democrats are idiots who are going to self-destruct in about four years. My political leanings are center right liberal libertarian.
The tax cuts that Bush made have raised the hackles of Democrats. Democrats want to nullify the tax cuts. Yet I will argue that Bush was right to make the tax cuts.
I bet you are ready to pounce on me and say, “Only the rich benefit from the tax cuts and they pay so little.” Well, let me tell you a story about morality and being pragmatic.
I’m at an interesting position in my Crystallex (AMEX:KRY) trading. I’m thinking of making a $3 to $3.50 trade on the stock. I still own a core position, which is sitting tight until permit time.
Okay, I’ve setup the trade. Bought 1500 shares at $3.02 with a tight stop at $2.96. With a target of $3.40, I’m risking 6 cents a share with a chance to make 39 cents a share, or 6.5x my risk.
Some people look at PE ratios, cash flows, and so on. I try to find the small details, small things that have big ramifications (1,2,3). Today many of the leaders that the West dislikes met in a single place. The fact that most of the South American leaders were in Ecuador was not a surprise. What (more…)
I was reading Jason’s posting and forum entry was thinking…
“Yeah, commissions stink. With the E*Trade account, my net loss was ($629). I paid $441 in commissions.
I have thought numerous times about moving to another broker for commissions, but I’m really happy with how E*Trade has treated me otherwise. As my account size grows, the commission cost will become a smaller part of my gains/losses.”
Why are people paying more than they should? I really don’t understand it. It’s as if people enjoy throwing money out the window. My mother is in the same boat. She traders with Ameritrade, and BlueMax, and these companies are ripping you off.
Let me give an example:
