Almost two weeks ago I wrote about Chipotle (CMG) and put an order in for when/if it pulled back. This is one where I am very happy to have been patient. CMG is down over $9.00 from its high and dropped over $4.75 before noon today and on its way down, when at 98.75, my limit for one…
Month: August 2007
Amdocs Ltd (DOX): Sold Naked Puts
I read a bullish article about Amdocs (DOX) a few weeks ago in Barron’s and decided to wait for the chart to point to a better entry point than when the article came out. DOX fell more than $5.00 from its highs last month. I put a limit order in yesterday for three September 35 puts…
Hain: Sold Covered Calls
Hain Celestial Group, Inc (HAIN) bounced strongly off its recent lows. I’ve sold calls on it in the past and have reduced my cost considerably. In the middle of this most recent surge I bought back my calls sold at a 25 expiry and now that I see HAIN slowing down with a somewhat limited upside…
FWLT Naked Puts – Closed Out Position
I wrote about Foster Wheeler (FWLT) a couple of times last week and searched for my correct exit point as I took big percentage losses on it. Then FWLT stopped falling as most of the markets continued to fall so I changed my limit order to buy my put back. I moved to a near…
Charting the Dow ($INDU) 8-10-07
Before I get to this week’s edition of my analysis of the chart of the Dow Jones Industrial average ($INDU) I need to point out what I feel many might not realize, the Dow finished up for the week ending 8/10/07. That may come as a surprise for those who only remember the pain of Thursday. Even on…
Bought Back ATI Naked Puts
I took a $188.51 profit on my August 105 ATI naked put yesterday. I’ve been up and down on it for a while and decided to get out while it was still trading to my side. It only has six trading days left before it expires, but with the movement of yesterday ATI could move either direction…
Aetna (AET) hitting trend line
Barrons’ August 13, 2007 issue had a follow-up piece on Aetna (AET). They called its bullish run months ago and now that it has run and slowed again they are calling for another surge. Their theory, based on a fundamentally strong foundation, is backed by the chart. AET hit its rising trend line of higher lows…
Stock Picks – August 8, 2007
I’ve been holding tight on a few of my stock picks that have taken some punches during this recent correction. I kept thinking they would turn around soon and finally they are doing so. As luck would have it, I’m getting busy at work for the first time in a while and I’m not sure…
CISCO (CSCO) Ahead of Earnings
I own 100 shares of Cisco (CSCO) in my IRA that I bought to help remind me to keep an eye on it. I planned to buy more if it came down some and maybe even if it went up. Yesterday I noticed CSCO’s chart was hitting its trend line of higher lows and at…