Schlumberger Ltd Com (SLB) is tempting to jump in deeper with. I sold a naked put ITM a few months ago and bought 100 shares when assigned to me at 65. The day after expiration it started its current bull run. Since my trading model is all about cash flow from options, I didn’t hold on…
Month: May 2007
Beginner Investor Series – 5 Tips to Diversify your Portfolio
One of the greatest investing lessons I’ve learned is the power of diversification. Jim Cramer likes to close his Mad Money show by saying “there’s always a bull market somewhere”. I think he could continue to say there’s always a bear market somewhere, but that wouldn’t sound as fun. I doubt there has been a…
AET – Reader Requested Review
A reader asked me to take a look at Aetna (AET). I haven’t really followed the stock much so this is my early 2 cents worth. On 5/3, I wrote about DNA coming to a point on its chart and that usually means the stock is going to make a big move in one direction. …
FSLR – Is it time for being green to pay off?
First Solar Inc (NASDAQ: FSLR) blew away revenue expectations and made it into the world of the profitable companies. Obviously there’s a lot of hype on solar companies, but this one could be legit. The fundamentals make it tough with a high p/e, but with such growth this could be one of those cases where…
SMSI – Candidate for a Strangle?
Bull Trader had a post last week about Smith Micro Software Inc (NASDAQ: SMSI). I commented that it looked like 14 might be the bottom. It hit 14.13 this morning. The Bull Trader comentator got in this morning, but I never put an order in. Now I’m thinking about it again. SMSI fell hard at the…
DNA Chart Coming to a Point
Genentech Inc has had a rough few months, but is still up since 12 months ago. On a chart this is getting interesting. The one year trend line using its higher lows sits around 80. DNA’s 3 1/2 month trend line using its lower highs is around 82.60. They are going to meet fairly soon. As…
CELG Misses
Celgene Corp came in a penny shy of what the analysts expected. I put a limit in a couple of days ago for the June 55 put for 1.80, but already changed it to $2.50 this morning. I might even raise that or change my order to the June 50 put. CELG is down more…
That’s How You Trade RVBD
I said it yesterday and it happened today. I said Riverbed Technologies, Inc (RVBD) likes to bounce around. It opened lower this morning and in the first two minutes was down from its Tuesday close at 31.97 to 30.50 where my limits for the June 30 put hit. I received $288.49 after commissioins and now RVBD has…
Beginner Investor Series – 10 Tips for Keeping Emotions out of Investing
Keep a Trader’s Journal – Keeping a trader’s journal is the first key to keeping emotions out of your investing. If you force yourself to write down why you are making a trade you suddenly become more accountable for your actions, even if only to yourself. A trader’s journal makes you take the time to…