I went back about seven months to chart the Dow Jones ($INDU) weekly chart. The two lines I’ve been following for a while are listed on this chart as A & B. Line B was met last week by the shorter Line C. Line B has not been a very reliable floor, but has proven…
Author: Alex Fotopoulos
Marathon Oil (MRO) Stock Chart
I sold puts on MRO on June 6th and have written about it a couple of times since. Today I’m visiting it again because it has moved close to its rising trend line of higher lows. After a month and a half of a bumpy ride that included a 2 for 1 stock split, I thought I was…
Google (GOOG) Stock Chart
While some are disappointed in GOOG’s earnings announced yesterday, I think it is only opening an opportunity to get in. As my friend who commented here a few weeks ago pointed out, he makes most of his “trading money” on GOOG options with a very limited amount of time spent in research. He closed most…
Found Money
I updated my Current Portfolio page yesterday and although I knew it previously, it really hit me yesterday that had over $50,000 in cash that was doing nothing for me. Since I generally sell naked puts and rarely hold many stocks in my account I tend to have a good portion of my account in…
Stock Tips: Be Wary
“Stocks tips” are an inevitable occurance when people know you like to invest. They might come to you to show off their knowledge or just want your opinion on one they’ve heard of. The worst kinds of stock tips are when they come from someone who isn’t an investor, but “heard this one is a lock…
Took a profit on AT&T (T) Calls
With only four days and a couple of hours to go before options expiration I decided to go ahead and take my profit on the July 40 calls I bought on T while T was trading at 40.29. My trades went down like this including commissions: 7/11/07 – Bought 4 calls to open @ $0.30 for $132.99…
Speculative Stock: Pozen (POZN)
I read about POZN on page M5 in the Barron’s July 16, 2007 issue this weekend. This stock is not for those with a weak stomach. Pozen is a drug company that has a new migraine medicine named Trexima awaiting a regulatory decision on August 1st. If Trexima is approved POZN will take off based on the mass…
Charting the Dow ($INDU) 7-13-2007
I drew a few lines on this week’s Dow $INDU) chart. The top line (A) is drawn with a thinner line just to stand out more. It started back in November 2006 and acted as a ceiling in May 2007. We finished the week almost on it and this week will be a good test…
AT&T (T) Call Buying Update
After buying my four July 40 calls on T for $0.30 I put a limit in to sell two of them at $0.70 to at least get me back to break even if it went up and came back down. That order hit near the end of the day yesterday and T kept climbing. I’m…