Archive for: November 2007

Have you ever been to a fun funeral?  I went to one in college that was fun.  The mother of an ex-girlfriend of mine died and I drove from Athens, GA to Charlotte, NC with three of her girl friends.  …

I charted the weekly price action for the Dow Jones Industrial Average ($INDU) today.  The past few days highlighted in the blue square look like a ping-pong ball bouncing off the table and being met with a firm paddle on …

Salesforce.com (CRM) beat earnings yesterday and shot up more than 8% today.  I took the opportunity to sell naked puts on it.  While CRM was trading at 55.12, I sold two January 45 naked puts (CRMMI) and received $288.50 after commissions.  …

I have a few naked puts (DOX, CAT, MOT, GM) that will be assigned to me with this November option expiration today.  I’ve looked at all of them and they all have similar charts that show they are near the …

I wrote about being assigned 100 shares of BA yesterday.  I charted BA yesterday and again this morning.  It looks like it’s near the bottom of the trading channel and should bounce …

I received the following email from TD Ameritrade this morning regarding an option assignment from my naked puts on Boeing Co (BA):
Date: 11-14-2007

Dear Valued Client,

RE: For account ending in ****

You have recently been assigned the following option position:

 1 BAWT.

If you don’t …

I updated the poll in the right sidebar.  The new question is “How long have you been investing?”  I’m curious about the average My Trader’s Journal reader and years of investing experience.  This doesn’t have to be years with options …

I love Wall Street if for no other reason than the sayings that come out of there.  “A Dead Cat Bounce” is used when a stock or index has fallen hard and then has a short lived bounce or up …