|
geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,417
Loc: city of angels
Last seen: 2 hours, 58 minutes
|
Re: Stock Update for January 8, 2009 - New Strategy - GS, HBAN, AAPL, PCLN, GMCR [Re: Trance104]
#11793382 - 01/08/10 11:00 PM (14 years, 23 days ago) |
|
|
Of the above, AAPL already gave me a double. 
I've no doubt that BAC can double as well. It's been my largest position for six months and I'm up 44% already. Then again... almost anything you bought six or seven months ago would be up pretty huge by now.
--------------------
-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
|
Trance104
Businessman


Registered: 01/20/09
Posts: 258
Last seen: 10 years, 6 months
|
Re: Stock Update for January 8, 2009 - New Strategy - GS, HBAN, AAPL, PCLN, GMCR [Re: geokills]
#11793416 - 01/08/10 11:08 PM (14 years, 23 days ago) |
|
|
Yeah!!!!!!!!! I can only wish I would have gotten into MANY stocks in march... I would be beatin my meat by now.. lol
-------------------- Can't stop the Trance! Dance!! DANCE!!! A good archive of Trance music to listen to when you want to relax or trip with. www.trance104.com
|
geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,417
Loc: city of angels
Last seen: 2 hours, 58 minutes
|
Stock Update for January 12, 2009 - GS, JPM, GOOG [Re: geokills]
#11813902 - 01/12/10 09:58 AM (14 years, 19 days ago) |
|
|
I've been stopped out of two of my financials: JPMorgan (JPM) at $44 & Goldman Sachs (GS) at $174.
I remain in Bank of America (BAC), simply because BAC is a long term investment for me whereas JPM and GS were trades. I did not want to make JPM/GS into an investment, as I would lose diversification and be way too heavily invested in financials. By keeping tight stops, I was able to preserve some profits while significantly reducing my downside risk should selling pressure continue. Meanwhile, I was able to participate in a more meaningful way in a financial rally... one that may just be resting before resuming an uptrend.
Goldman Sachs (GS) is at a decent buy point, bouncing off its 20 day moving average at around $168. The only thing that gives me pause is that the Financial Select Sector SPDR Fund (XLF), which is a basket of financial stocks and therefore a decent indicator of the sector as a whole, looks weak and is still about 3.5% above its 20 day and 50 day moving averages; though the 20 did cross the 50 a couple of days ago, which is a bullish sign if it holds. Nevertheless, I believe that aggregate market weakness could continue to pressure the financials and that a better entry may yet be had.
Entering JPMorgan (JPM) for a trade at $42.50 with a stop below $42 also provides for a nice entry.
That brings me to the S&P 500, the market benchmark used by most money managers. It is still hanging in there but it is overbought, and with the prices of protective options very low (indicating complacency on behalf of investors) as well as options expiration on Friday, it seems reasonable to expect a more material pullback sometime during the next several trading sessions. Of course, pullbacks have been very short lived over the past month, giving you only a day or two to get in before the uptrend resumed. It therefore makes a lot of sense to me to be trading this environment vigorously, using tight stops to preserve capital and prevent losses, but not being afraid to jump in on weakness when uptrending stocks are close to short-term support levels.
On that note, Google (GOOG) is at one of those support levels right now. As this is an options expiration week, I don't think we'll see GOOG break out over $600 this week, so that gives you some time to work with while you decide whether or not to pick this one up. I'm keying in on this stock for a couple of reasons. For one, money has been rotating out of technology since the year began, evidenced by the relatively poor performance of the Nasdaq compared to the Dow Jones and S&P. This money rotation does not last forever, and was likely a result of some new year profit taking as the Nasdaq had outperformed fantastically last year.
But back to the GOOG, the stock is treading water as it hovers directly above its 50 day moving average. Near this average, let's say between $587 - $590, makes for a low risk entry in anticipation of a resumption of the uptrend in technology and for Google in specific. I would buy comfortably at this level with a protective stop placed below the 50 day moving average which will cut the position if the stock falls below $580 - $585. Not to mention, Google is quite simply a fantastic company with excellent future prospects. I've owned it before and I'd like to own it again. One caveat is this: If the market does experience a serious correction lasting more than a few days, GOOG could visit its 20 week moving average down at $550, where I would be buying again (after having been stopped out of the above noted trade at $580).
--------------------
-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
|
geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,417
Loc: city of angels
Last seen: 2 hours, 58 minutes
|
Re: Stock Update for January 12, 2009 - GS, JPM, GOOG [Re: geokills]
#11814328 - 01/12/10 11:23 AM (14 years, 19 days ago) |
|
|
I'm now in GOOG (small position) at $588 with a stop at $579.74. If I see confirmation with a higher close, I will look to add to the position.
I will stand aside on the other trades, as the selling pressure appears to be picking up this afternoon.
But will look to initiate new trades (particularly of the financial kind) as the S&P nears 1115, about 1.5% lower.
Below 1115, things get much more uncertain and I'd expect a more serious correction...
--------------------
-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
|
ArmFromTheAbyss
Old Hand

Registered: 10/09/02
Posts: 1,368
Loc: Down here in Babylon
|
Re: Stock Update for January 12, 2009 - GS, JPM, GOOG [Re: geokills]
#11814859 - 01/12/10 01:19 PM (14 years, 19 days ago) |
|
|
Quote:
geokills said: Entering JPMorgan (JPM) for a trade at $42.50 with a stop below $42 also provides for a nice entry.
That brings me to the S&P 500, the market benchmark used by most money managers. It is still hanging in there but it is overbought, and with the prices of protective options very low (indicating complacency on behalf of investors) as well as options expiration on Friday, it seems reasonable to expect a more material pullback sometime during the next several trading sessions.
geo, any thoughts on JPM earnings release on Jan. 15th? I believe they announce before the opening bell. The big question is their provisions for loan losses.
I'm watching the Jan 10, 42-put
--------------------
|
geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,417
Loc: city of angels
Last seen: 2 hours, 58 minutes
|
Re: Stock Update for January 12, 2009 - GS, JPM, GOOG [Re: ArmFromTheAbyss]
#11815450 - 01/12/10 02:31 PM (14 years, 19 days ago) |
|
|
No idea. I don't think this environment is particularly well suited for speculating on earnings, especially bank earnings. In the long run, they are looking good thanks to low interest rates essentially allowing them to coin money; but the real economy is still on shaky ground and earnings could be quite bumpy for the next several years. I like JPMorgan, it is a well run conservative bank... one that I plan to continue trading and even holding a longer term position in. But I can see earnings going either way and would rather trade around the stock for now. That is, if it is up significantly ahead of earnings, look to trim your position back a little bit. If it's down on its luck, I would maintain or even add to your position. I am watching JPM closely for another entry.
--------------------
-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
|
geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,417
Loc: city of angels
Last seen: 2 hours, 58 minutes
|
Re: Stock Update for January 12, 2009 - GS, JPM, GOOG [Re: geokills]
#11817774 - 01/12/10 07:50 PM (14 years, 19 days ago) |
|
|
After market news: Google will probably end up pulling out of China due to some hacking attempts that were able to access the Gmail accounts of several Chinese human rights activists. Google stated that they will try to negotiate with the Chinese government in order to allow unrestricted search in that country (currently the search is censored), and if the government doesn't go for it, it seems likely that Google will close their offices there and close google.cn, leaving that web search space to the Chinese market leader, Baidu (BIDU).
Unfortunately, this means that the stock traded down about $10 after hours, right to the stop I have in place on my relatively small position (basis of $588 a share). We'll see how the stock opens. The weakness could find quick support since China only makes up 1.5% of Google's revenue anyway. On the other hand, Google is a heavy stock and if it does fall, it will perpetuate a continued correction in the Nasdaq and a better entry may be found around $550 as previously noted. For my part, I will wait for signs of strength before adding to (or re-initiating, if I'm stopped out of) the GOOG.
--------------------
-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
|
geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,417
Loc: city of angels
Last seen: 2 hours, 58 minutes
|
Stock Update for January 14, 2009 - GOOG, AAPL [Re: geokills]
#11828585 - 01/14/10 01:59 PM (14 years, 17 days ago) |
|
|
Well I was stopped out of Google (GOOG) and have been taught a valuable lesson, as I watched the stock gap down and then continue to climb higher throughout the remainder of the session. When big news breaks after the market close for a stock you are holding (especially if its perceived as negative), it's not a bad idea to lift your stops for the following market open. This is because pent-up stress and panic will almost always result in the stock price gaping down within the first few minutes of trading. From that point, if the stock does not violate that initial intra-day low but instead continues to climb, you can be relatively assured that buyers are in control and that all the panic sellers have been washed out. You can then, accordingly, reset your stop limit at that intra-day low and let the stock continue working for you.
Of course, if a stock gaps down at the open and continues to face pressure throughout the day, that's the time to stick with your initial stop and ditch the position, even if it means you lose a few more dollars. The risk of having to sell lower than your stop is worth it in these instances, as more often than not, strong stocks that gap down based on the prior day's after hours news, tend to bounce back after the first 5 - 15 minutes of trading. Case in point, Google's price action from yesterday.
On that note, I have decided to open a position in Apple (AAPL) at $209.50. The stock is in a definite uptrend, I love the company and its prospects, and it would not be unusual to see the stock rally into earnings, which are set to be reported on the 25th. The company should be announcing a new product - a tablet computer - shortly thereafter, which may ultimately turn into a "sell the news" event. However, given that the company has probably sold over 9 million iPhones, 2.85 million Macs and 20 million iPods, there's a good chance that earnings will surprise to the upside. Momentum for the iPhone has continued to build (hell I just bought one last November!), and Mac sales will be helped by the new updates. As Macs only have 5% worldwide market share, there is a lot of room for further penetration. Even the iPod Touch could see 7 million sales along with continued strong demand for the Nano with video. There are also talks that a deal with Verizon could be on the horizon (likely late in the second half of 2010), which would also add to future estimates. Furthermore, Apple will be changing up their accounting methods that could result in increased demand for the stock, see story: Apple P/E Ratio Headed Lower
Unless the quarter is absolutely horrible, I will be looking to add to Apple on weakness for the long term. While I'm not often one for price targets, it doesn't seem unreasonable that Apple can see $300 a share within a year.
--------------------
-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
|
ohmatic
searcher



Registered: 02/28/04
Posts: 6,742
Loc: europe
|
Re: Stock Update for January 14, 2009 - GOOG, AAPL [Re: geokills]
#11835278 - 01/15/10 01:40 PM (14 years, 16 days ago) |
|
|
i have a question here.
if a stock is listed at a enormously small price, say 0.001 per share and i chose to invest 1000$ in it and it goes up to 0.002 it basically had a 100% increase right ?
does this also mean my investment doubled its worth ?
yes - strong newbie here
--------------------
MONOTUB tek HEATBOMB tek RIP #cultivation! ....can't associate? well FUCK U !
|
CosmicLion
Organical



Registered: 03/04/09
Posts: 783
Last seen: 4 years, 11 months
|
Re: Stock Update for January 14, 2009 - GOOG, AAPL [Re: ohmatic]
#11835339 - 01/15/10 01:52 PM (14 years, 16 days ago) |
|
|
Quote:
ohmatic said: i have a question here.
if a stock is listed at a enormously small price, say 0.001 per share and i chose to invest 1000$ in it and it goes up to 0.002 it basically had a 100% increase right ?
does this also mean my investment doubled its worth ?
yes - strong newbie here 
Penny stocks are usually penny stocks for a reason. Most are not start up companies and most are on their way to bankruptcy. Penny stocks are typically the source of scam investment advice b/c they lure people in by the potential to make huge profit. In reality penny stocks are manipulated by large investment firms so much that you are more likely to loose then not. You want to look at stocks that are $2+ unless you are very particularly following a specific company for a specific reason. Otherwise the stock could easily become worthless.
IPO's are Initial Public Offers and THIS is is what is offered when a new business opens. Often the IPO is placed at $3+ per share. Often much more. Thinking that because its a penny stock it is a new company "that will take off" is not just misleading but inaccurate. Penny stocks are worth pennies because the company is on its way out or is NOT going to take off. If it was worth investing in the professionals would be buying it and the price would be driven up. You get what you pay for and investing in penny stock is the most common mistake noobie investors make and the majority of the time they loose near all their money and end up sour towards the market as a whole.
--------------------
Earth's Essence
|
ohmatic
searcher



Registered: 02/28/04
Posts: 6,742
Loc: europe
|
Re: Stock Update for January 14, 2009 - GOOG, AAPL [Re: CosmicLion]
#11835352 - 01/15/10 01:55 PM (14 years, 16 days ago) |
|
|
well, this didnt answer my question, could you please do that ?
good additional information anyways though for sure !!!
--------------------
MONOTUB tek HEATBOMB tek RIP #cultivation! ....can't associate? well FUCK U !
|
CosmicLion
Organical



Registered: 03/04/09
Posts: 783
Last seen: 4 years, 11 months
|
Re: Stock Update for January 14, 2009 - GOOG, AAPL [Re: CosmicLion]
#11835358 - 01/15/10 01:56 PM (14 years, 16 days ago) |
|
|
Quote:
ohmatic said: i have a question here.
if a stock is listed at a enormously small price, say 0.001 per share and i chose to invest 1000$ in it and it goes up to 0.002 it basically had a 100% increase right ?
Yes it will double... but you also have to look at the Volume of a stock.
$1,000 will buy 1,000,000 shares... If the stock does not have a daily volume in the multiple millions you will likely not be able to buy or sell your shares except when dictated. You don't have the liquidity (ease of transferring to cash or selling) offered by high-volume shares.
This means you could get stuck with the stock as it completely dissolves.
--------------------
Earth's Essence
|
ohmatic
searcher



Registered: 02/28/04
Posts: 6,742
Loc: europe
|
Re: Stock Update for January 14, 2009 - GOOG, AAPL [Re: CosmicLion]
#11835375 - 01/15/10 01:59 PM (14 years, 16 days ago) |
|
|
very nice info, thank you alot.
i was not aware that i couldnt buy and sell whenever i like.
guess thats what u were pointing at
"# Vol / Avg. 500.26M/29.13M "
?
this would be several millions, so i guess selling/buying is possible whenever i feel irie ?
btw this is all just theoretical, i do not plan on buying, i just wanna get some info !!
--------------------
MONOTUB tek HEATBOMB tek RIP #cultivation! ....can't associate? well FUCK U !
Edited by ohmatic (01/15/10 02:00 PM)
|
CosmicLion
Organical



Registered: 03/04/09
Posts: 783
Last seen: 4 years, 11 months
|
Re: Stock Update for January 14, 2009 - GOOG, AAPL [Re: ohmatic]
#11835388 - 01/15/10 02:01 PM (14 years, 16 days ago) |
|
|
Quote:
ohmatic said: very nice info, thank you alot.
i was not aware that i couldnt buy and sell whenever i like.
guess thats what u were pointing at
"# Vol / Avg. 500.26M/29.13M "
?
Exactly. You buy or sell IBM and its going to be a point-and-click instant thing.
You buy a stock with a very distorted chart w/ low volume and you maybe not be able to get in and may not be able to get out except in a range that is 20-30 cents beyond what you expected.
29.13M shares a day of a $.001 stock... that means that $30,000 of actual money is floating around that particular stock, not a lot. If you are only trading $1,000 of it you may be able to get a piece of the action without an extreme variation in price.
--------------------
Earth's Essence
|
CosmicLion
Organical



Registered: 03/04/09
Posts: 783
Last seen: 4 years, 11 months
|
Re: Stock Update for January 14, 2009 - GOOG, AAPL [Re: CosmicLion]
#11835400 - 01/15/10 02:03 PM (14 years, 16 days ago) |
|
|
Another thing to keep in mind is a stock that only has $30,000 in it....
Can be EASILY manipulated by anyone containing that amount of money.
An investment firm can drive the price of the stock whichever way they want by buying + selling as much as they can. This is done most with penny stocks to lure in investors into thinking the stock is worth trading, by either purposely creating a false uptrend or purposely creating a fake chart pattern that the noobies will follow and ultimately fail when it doesn't pan out as expected.
--------------------
Earth's Essence
|
ohmatic
searcher



Registered: 02/28/04
Posts: 6,742
Loc: europe
|
Re: Stock Update for January 14, 2009 - GOOG, AAPL [Re: CosmicLion]
#11835401 - 01/15/10 02:03 PM (14 years, 16 days ago) |
|
|
so the data i posted was what you were curious about right ?
thank you btw for all these words, highly appreciated !
so that stock could be, for example, bought @ opening and sold whenever prior to closing on the same day.
in and out and done.
?
--------------------
MONOTUB tek HEATBOMB tek RIP #cultivation! ....can't associate? well FUCK U !
|
CosmicLion
Organical



Registered: 03/04/09
Posts: 783
Last seen: 4 years, 11 months
|
Re: Stock Update for January 14, 2009 - GOOG, AAPL [Re: ohmatic]
#11835419 - 01/15/10 02:07 PM (14 years, 16 days ago) |
|
|
Quote:
ohmatic said: so the data i posted was what you were curious about right ?
thank you btw for all these words, highly appreciated !
so that stock could be, for example, bought @ opening and sold whenever prior to closing on the same day.
in and out and done.
?
Yea I was basing what I said on the data you provided.
This can be done but to buy & sell on the same day is considered a "day trade" and unless you have over $25,000 in your account you will get cited as a "Pattern Day Trader"
A Pattern Day Trader is one who commits 4 day trades within a 5 day period. A "day trade" is when one opens and closes a position on the same day.
To bypass getting a PTD citation one must at all times have $25,000 or more in their account. If you continue to day trade beyond your limit your broker account could be put on hold for quite a while.
--------------------
Earth's Essence
|
CosmicLion
Organical



Registered: 03/04/09
Posts: 783
Last seen: 4 years, 11 months
|
Re: Stock Update for January 14, 2009 - GOOG, AAPL [Re: CosmicLion]
#11835433 - 01/15/10 02:09 PM (14 years, 16 days ago) |
|
|
For clarification you ARE allowed to complete "day trades"
Just not 4 or more within 5 days. 
Your broker should keep a log for you letting you know how many you have used in the last 5 days and how many you can use. Along with when is the next day you can use one.
--------------------
Earth's Essence
|
ohmatic
searcher



Registered: 02/28/04
Posts: 6,742
Loc: europe
|
Re: Stock Update for January 14, 2009 - GOOG, AAPL [Re: ohmatic]
#11835450 - 01/15/10 02:11 PM (14 years, 16 days ago) |
|
|
haha lol this is crazy, so either i hold on to a stock for more than a day for it not to count or limit myself to 3 trades per week?
cuz god damnit i dont have 25k or anywhere near it in my account lol
--------------------
MONOTUB tek HEATBOMB tek RIP #cultivation! ....can't associate? well FUCK U !
|
GI_Luvmoney
Vote Republican!


Registered: 05/10/09
Posts: 939
|
Re: Stock Update for January 14, 2009 - GOOG, AAPL [Re: ohmatic]
#11836021 - 01/15/10 03:40 PM (14 years, 16 days ago) |
|
|
Look at the chart of XKN. http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=xkn&sid=0&o_symb=xkn&x=66&y=17
If you bought $200,000 worth back in March when it was yielding over 50%, you'd be a millionaire now and would be getting about $90,000 a year in dividends.
|
|