I wrote about Western Digital a few days ago and my order hit today while WDC was trading at 17.83. Two days after I wrote my first WDC post it fell below its 10 day moving average. Today its below its 20 day moving average while I write this. The 20 day was acting as good…
Chart for Grupo Televisa SA (TV) Turns Bullish
I’ve written two other posts over the month about Grupo Telvisa (ticker: TV) seemed like a solid pick, but the chart didn’t match what I like to see. Now it does. It found support on its trend line of higher lows and in a surge (although on a little weaker volume) it moved back over…
Charting Hain Celestial Group Inc.
Hain Celestial Group (ticker: HAIN) has had a rough May. After strong 3Q gains, they said they would miss street estimates for 4Q. That news came out on May 3rd and yet HAIN’s stock price continued to rise for the next few days hitting a high on May 7th before starting its downward spiral. It…
Nucor (NUE) Covered Call
In my IRA, my May 70 call for PCU was assigned to me today, 4.5 trading days before expiration. I sold it (covered) on 3/20 at the money and it was assigned today, 5/14, when it was $17.50 ITM. This happens to me sometimes in the week of expiration for those options I have that are…
My Returns According to Quicken
Here’s an update on my returns as of this morning, 5/14/07 – pre-market according to Quicken: 12 months: 22.33% YTD Annualized: 40.17% 40.17% annualized YTD – that’s crazy! I don’t expect to keep that track record running. This bull market has made it easy since I rarely get caught on a loss these days. I know it will turn…
WDC – When Did Your Stock Grow Up?
I read about Western Digital Corp (NYSE: WDC) in this weekend’s Barron’s. It’s been a while since I followed WDC and was surprised to learn that they now have no debt. They have strong cash flow and their lagging technology model may become a big reason for their continued profits to keep rolling in. I…
Where is this Market Going Now?
After two big up and down days to end the week I was anxious to read Barron’s views. I always read the Market Week section first for some reason. Kopin Tan had me turning into a big bull to start my Saturday off right. He said: “…corporate profits were up 8.5% in the first quarter,…
AT&T Cuts Coffee for Employees
I don’t think this quite qualifies as news to trade on, but interesting anyway. I’m a contractor at the “new AT&T”. They are making big cuts anywhere they can to reduce expenses. AT&T (T) is not a volatile stock. It’s just steadily up month after month, for the past year. I’m not sure how much…
Retail stocks are for the Birds (or Bears)
I was reading through the (long) list of retailers that disappointed recently and realized that I can’t recall when I last traded on a retail company. I rarely feel confident enough in retail stocks to be able to invest in them. Funny, I was telling one of my co-workers yesterday afternoon that we were due…