I’m too out of it today to make any trades, unless any of my limit orders hit. My interview went well this morning and I’m waiting for a call back this afternoon from the President to find out the next steps. My wife had a third interview at the same time which also went well. …
Finding Hope in Bad News
Today’s option trade detail is at the bottom of this post, but thought this was cool enough to share first. Check out the x-rays from my neck below. You can see the screws and metal plate from my neck surgery (ACD) in March 2007. I had two disks removed and my vertebrae fused in two spots. The bad…
DJIA ($INDU) Chart – November 2, 2007
Continuing my weekly series of charting a major index, I returned to chart the Dow Jones Industrial Average ($INDU) at the bottom of this post. I charted the past six months of daily price action. Here’s what I notice from the daily six month chart this time: The DJIA is below 10, 20 and 50 day moving averages. That’s not…
Ralph Lauren (RL) Naked Put Options
Kopin Tan wrote about Ralph Lauren (RL) on page M7 in Barron’s October 29th issue. This is one of the few articles they also have availble for free online too. As of his writing, RL was down to 68, well off its highs. Even before this week’s further drop in price Kopin sited the p/e ratio…
Improve Investment returns with opinion of Market Direction
This post is somewhat of a continuation of an earlier post on patience. Every weekend I chart one of the major indices (QQQQ, DJIA, S&P 500) and post about it to give myself an idea of where I think the overall markets might be headed. A few weeks ago I started keeping my opinion of the near-term market…
Month End Summary – October 2007
October was another good month for me in the markets as I maintained my 35% return over the past 12 months. On top of the quite nice gains I had, my wife and I cut expenses at our house tremendously. Almost everything we buy goes on our Amazaon Visa which gives us points towards stuff on Amazon. (Hint…
CSCO Covered Calls in my IRA
I put a limit order in to sell covered calls on Cisco (CSCO) back on October 23rd in my IRA. While CSCO was trading at 33.03 my order for three December 35 covered calls hit and I received 257.74 after commissions. I’m still trying to wean myself from selling options in my IRA, but see no reason…
Is TD Ameritrade Izone Worth the Savings?
Discount broker TD Ameritrade (AMTD) has an online only division called Izone that I have never seen advertised but have heard about on various other blogs and forums. It is a little closer to a deep discount broker than the regular TD Ameritrade I use. I’ve been trying to find a list that compares their differences and…
My Adobe (ADBE) House
I bought my covered calls back in my IRA on ADBE. I took a loss on the calls themselves, but have a better gain on the underlying stock. I like ADBE fundamentally and technically. The chart below shows the trend lines ADBE has been bouncing between. I also think the horizontal line just above 46 will continue to show…