Genentech Inc has had a rough few months, but is still up since 12 months ago. On a chart this is getting interesting. The one year trend line using its higher lows sits around 80. DNA’s 3 1/2 month trend line using its lower highs is around 82.60. They are going to meet fairly soon. As…
Author: Alex Fotopoulos
CELG Misses
Celgene Corp came in a penny shy of what the analysts expected. I put a limit in a couple of days ago for the June 55 put for 1.80, but already changed it to $2.50 this morning. I might even raise that or change my order to the June 50 put. CELG is down more…
That’s How You Trade RVBD
I said it yesterday and it happened today. I said Riverbed Technologies, Inc (RVBD) likes to bounce around. It opened lower this morning and in the first two minutes was down from its Tuesday close at 31.97 to 30.50 where my limits for the June 30 put hit. I received $288.49 after commissioins and now RVBD has…
Beginner Investor Series – 10 Tips for Keeping Emotions out of Investing
Keep a Trader’s Journal – Keeping a trader’s journal is the first key to keeping emotions out of your investing. If you force yourself to write down why you are making a trade you suddenly become more accountable for your actions, even if only to yourself. A trader’s journal makes you take the time to…
Thinking about Riverbed, RVBD
Riverbed Technology, Inc (NASDAQ: RVBD) has a trading range that it can’t seem to break. It might go as low as 28, but can be back at 35 in another month. Last week they reported strong numbers and said first quarter sales tripled. Since then it has retreated. I looked at the longer trend line…
Option Trade on MHS
My limit to sell MHSRO (MHS June 75 Put – Medco Health Solutions Inc – NYSE: MHS) hit this morning just after opening. What’s cool is that my limit was for $2.50, but it hit for $3.20 while MHS was trading at $73.79, down from yesterday’s close at 78.02. That’s a drop of about 5% from yesterday’s close. …
End of the Month Summary
This year has been profitable, not counting that annoying February beating I took. This is where I stand before the market opens today. Current Account Value: $44,472.06 Deposited $1,500 on 4/4/07 Annualized return YTD: 40.55% My YTD return: 11.31% (yes, more than double the S&P 500) S&P YTD return: 4.5% I’m about to hit a new…
Deeper Analysis on Celgene Corp
I’m debating selling puts on Celgene Corporation (CELG). Jim Cramer listed it as one he likes during Mad Money on Thursday. Schaeffersresearch.com rates CELG 7 out of 10. Usually that combination is enough for me to take a chance, but the chart looks like it could take a dip before rebounding. Before going to the…
Barron’s Review – VLO and TTEK
Kopin Tan wrote an interesting article in this weekend’s Barron’s starting on page M2. A few of the key points he hit are: – “The Dow has climbed in 19 of the last 21 sessions – one of the most enduring streaks since 1929.” My first thought was that has to mean that we are…