RIG: going up, price target 110 by end of the week
SLB: watch it when it breaks the flag, bull flag
NOV: good entry for a 1 or 2 dollar
SU:
BTU: head and shoulder, retested the resistance, good entry point
BOOM: good entry if the ascending triangle pattern holds
ANF: Bear, re-tested 73, good entry
ESV: entry when it breaks 62.5 on the up side, ascending triangle
NE: resistance at 100, get a couple and leave
KMT: enter when it breaks 82.5
CRS: descending triangle, bear when it breaks below 130
MER: good bear entry
BAC, Bear entry when it breaks below 49
MS, Bear entry when it breaks below 82.5
Saturday, June 30, 2007
Sunday, June 24, 2007
Parents week out
Markkus has been under the weather this week. He threw up in the middle of the night Wednesday morning. Since then he just lay on the couch, he has not jumped from the kangaroo house nor asking me to go around the house with him.
We feel so sad every time we see him so weak. We've been giving him anything he wants as long as it doesn't upset his stomach. We tried to hold him but his stomach bothers him so much he needs to sleep on his tummy.
Lucky for him, he had only one bad day of diarrheas. Last time he had this similar bug, he had diarrheas for a few days and lost 10% of his weight.
Hope God has mercy on him and let him get well soon.
We feel so sad every time we see him so weak. We've been giving him anything he wants as long as it doesn't upset his stomach. We tried to hold him but his stomach bothers him so much he needs to sleep on his tummy.
Lucky for him, he had only one bad day of diarrheas. Last time he had this similar bug, he had diarrheas for a few days and lost 10% of his weight.
Hope God has mercy on him and let him get well soon.
Sunday, June 17, 2007
We are blessed!
Well it is confirmed, even the doctor's test has shown positive for us being pregnant.
The home test was on Wednesday (June 13, 2007) and the doctor's confirmation on Thursday (June 14, 2007)
Yee already made an appointment with Dr. DaVolio on July 18 :)
Funny how things work out so easily, when.........drum rolls......you follow God's plan.
The home test was on Wednesday (June 13, 2007) and the doctor's confirmation on Thursday (June 14, 2007)
Yee already made an appointment with Dr. DaVolio on July 18 :)
Funny how things work out so easily, when.........drum rolls......you follow God's plan.
Plan for the week of 2007-06-18
We had a very good week and I have done some homework over the weekend.
Thanks a lot for my wife's support!
Thanks a lot for my wife's support!
Plan 2007-06-18
X
if higher than 117.5,
Jul 120 C, up to 3 contracts
NOV
will continue to go up this week
DO
watch it takes off for a few points this week after it crosses $100, it should be no hesitation
CRDN
cash in for a couple $ of upside this week
MA
cash in for a couple of $ of upside this week
XOM,
3 white soldiers, upside momentum strong, may gain a few points this week.
MDR
may hang on to the top of the channel for a couple of days before returning to 80
FLR
Dragon fly doji, should take off, check if the candle confirms, enter by the end of Monday
CLF
Momentum is higher, should have a couple of points upside this week, but watch out if it hesitate
CAM
should go down for two days and bounce back after it gets close to MA(20)
FCX
consolidate this week, and returns to $80, then takes off again
Thursday, June 14, 2007
Dynasty! Spurs
Another great victory for the Spurs, I like them, I am actually beginning to love them.
The class, the professionalism and the team cohesiveness. Well coached, well made team!
If I netted over $200 tomorrow, I may consider buying a Spurs baseball cap. Go Spurs!
The class, the professionalism and the team cohesiveness. Well coached, well made team!
If I netted over $200 tomorrow, I may consider buying a Spurs baseball cap. Go Spurs!
Don't Dont' Don't
Well GS failed me again. I had a good ride from $3.6 to $5.55 until yesterday. But today it PLUNGED! I've got stopped out, but it is at 0.45 no where close to break even. Lesson learned, easy money is on the ride, but too much risk is to carry it over the earnings. I should have learned it last time with ANF. Sounds like I will make another mistake like this.
RIG hesitated, so I close it. I got in MTW which was very good to me last time. Funny I am more patient this time around. SLB and NOV did well so I am more or less break even today. ESI plunged 5 pts and I got stopped out again, it was good. At least I was protected.
I looked at the charts and like DE very much, as soon as it breaks 120 resistance, I will get a contract, hey I may get 2 contracts.
Don't want to own any bearish position because it is tough to goes against the trend and long term puts are expensive, it would tie up too much of my cash, being so little. Learned a good lesson with KMX.
Triple witching tomorrow? Means a lot of money will be liquidated, let's see what will happen.
RIG hesitated, so I close it. I got in MTW which was very good to me last time. Funny I am more patient this time around. SLB and NOV did well so I am more or less break even today. ESI plunged 5 pts and I got stopped out again, it was good. At least I was protected.
I looked at the charts and like DE very much, as soon as it breaks 120 resistance, I will get a contract, hey I may get 2 contracts.
Don't want to own any bearish position because it is tough to goes against the trend and long term puts are expensive, it would tie up too much of my cash, being so little. Learned a good lesson with KMX.
Triple witching tomorrow? Means a lot of money will be liquidated, let's see what will happen.
Wednesday, June 13, 2007
Big Turn around
I have learned my lessons over the last few days, a big loss of a day, then turn to red the next morning and a big gain for the day. Finally lost all my profit on Monday. I talked to Yee and we both agree that I should go back to my old profitable way.
What is my old way, a collection of short term options that are move than 30 days before expiration. One time I had 11 positions! Each of them churn out little bit for me and my account was once at 6.5k which is 70% gain in 2 weeks.
I was so proud of myself yesterday when I looked at SLB and hesitated, something was not right. I buy options when the stocks is going higher, I don't usually but them when they are going down, because I don't know where the bottom is.
SLB has been performing for me, and I consulted the coach from Investools. He said it looks mighty fine too. I guess maybe he has some positions. But before I click, it did not feel right. Therefore I let it go. Instead I sold a Bear Call 115/120 on X, I know full well that I won't go very $115 by June 15. And got the 230 Call on GS.
Today I saw SLB broke the old resistance at 80.5 in the morning I clicked and got TWO July contract. I felt so good, seems like all the stars a lined up for the next SLB run.
GS finally turned some profit for me, I don't know why I am sticking with it.
Bought back the Bear Call on X when it is dangerously close to 115, it looks like everyone is nice and happy again and the market should rally for a couple days. So I close the position and made $90.
Without a lot of analysis and deep thoughts, I did most experts did. I hedged the market but entering a Bullish and Bearish position. I watched as the market goes up, GS goes up and the X spread goes down and vice versa.
Don't know what the earnings will be for GS, but if it goes to 220 again and returned to an uptrend, I will definitely get bullish again with it.
What is my old way, a collection of short term options that are move than 30 days before expiration. One time I had 11 positions! Each of them churn out little bit for me and my account was once at 6.5k which is 70% gain in 2 weeks.
I was so proud of myself yesterday when I looked at SLB and hesitated, something was not right. I buy options when the stocks is going higher, I don't usually but them when they are going down, because I don't know where the bottom is.
SLB has been performing for me, and I consulted the coach from Investools. He said it looks mighty fine too. I guess maybe he has some positions. But before I click, it did not feel right. Therefore I let it go. Instead I sold a Bear Call 115/120 on X, I know full well that I won't go very $115 by June 15. And got the 230 Call on GS.
Today I saw SLB broke the old resistance at 80.5 in the morning I clicked and got TWO July contract. I felt so good, seems like all the stars a lined up for the next SLB run.
GS finally turned some profit for me, I don't know why I am sticking with it.
Bought back the Bear Call on X when it is dangerously close to 115, it looks like everyone is nice and happy again and the market should rally for a couple days. So I close the position and made $90.
Without a lot of analysis and deep thoughts, I did most experts did. I hedged the market but entering a Bullish and Bearish position. I watched as the market goes up, GS goes up and the X spread goes down and vice versa.
Don't know what the earnings will be for GS, but if it goes to 220 again and returned to an uptrend, I will definitely get bullish again with it.
Tuesday, June 12, 2007
Going all the way
"Dear God, please let me win this play big."
This is a no no prayer in stock speculations, because God does not usually answer this type of prayers. Also it is too much risk to manage and emotion runs too high.
I had it right on Monday morning on X, I knew it would go up a couple point. So I used all of my capital to buy 10 contracts of 120 Calls. It was a good move, I saw my profit soared 10 minutes afterwards. I was watching as my line increases. My goal was to gain $1 per contract, it hit the goal briefly. But no long enough to satisfy my greed. Hence I lost out $1000 1 hours later.
In a few days, I lost all my profit, got most of it back, and lost it again. I was lucky not to lose any of my money, just my profit so far.
This is a no no prayer in stock speculations, because God does not usually answer this type of prayers. Also it is too much risk to manage and emotion runs too high.
I had it right on Monday morning on X, I knew it would go up a couple point. So I used all of my capital to buy 10 contracts of 120 Calls. It was a good move, I saw my profit soared 10 minutes afterwards. I was watching as my line increases. My goal was to gain $1 per contract, it hit the goal briefly. But no long enough to satisfy my greed. Hence I lost out $1000 1 hours later.
In a few days, I lost all my profit, got most of it back, and lost it again. I was lucky not to lose any of my money, just my profit so far.
Monday, June 11, 2007
Turned Around
My son was sick on Firday, June 8, so I took a KIN care day off. Naturally I wanted to try day trade for a day.
After two consecutive down days, I had a few put options and watching them as every minutes go by. Unfortunately it wasn't a down day, and I turned out to be a bullish day. So I closed out the GS and SPY real early and watch, I mean literally watch the minute candles of X.
Yee went to Shu Wah to get us lunch, when she left the chart was moving down painfully slow, I planned to close X 115 Puts also if it does not do any thing in order to have a good and care free weekend.
Just got off from the phone with Yee as she returns from Richardson and stunk in the traffic. My puts turned from a profit to lost in a minute and quick. I spot the three white soldiers, and sold my puts right away. Then in less than 10 sec, I got 3 contracts of 115 Calls. By the time Yee comes back, those Calls have make me $1800!
We watched it for a few more minutes and we sold them at $13.30 but I got them at $5.80. It was a handsome profit for a small stake. I was so happy. Finally the opportunity came and I took it.
It turns out that there was a rumor of X being bought out by someone. It naturally went up.
Boy what a week.
After two consecutive down days, I had a few put options and watching them as every minutes go by. Unfortunately it wasn't a down day, and I turned out to be a bullish day. So I closed out the GS and SPY real early and watch, I mean literally watch the minute candles of X.
Yee went to Shu Wah to get us lunch, when she left the chart was moving down painfully slow, I planned to close X 115 Puts also if it does not do any thing in order to have a good and care free weekend.
Just got off from the phone with Yee as she returns from Richardson and stunk in the traffic. My puts turned from a profit to lost in a minute and quick. I spot the three white soldiers, and sold my puts right away. Then in less than 10 sec, I got 3 contracts of 115 Calls. By the time Yee comes back, those Calls have make me $1800!
We watched it for a few more minutes and we sold them at $13.30 but I got them at $5.80. It was a handsome profit for a small stake. I was so happy. Finally the opportunity came and I took it.
It turns out that there was a rumor of X being bought out by someone. It naturally went up.
Boy what a week.
Sunday, June 10, 2007
$1000 Lunch
June 7 Thursday, the market continue to go down, but my holdings are standing mighty strong. I only lose about a few hundreds and I have closed those positions in the morning.
Van Son was nice enough to organize a group lunch, so we have a lunch at Olive Garden. It was a good lunch. All that we can expect from Olive Garden, a little pricey but the food is fine.
I had my Pocket PC turned on and running the thinkeverywhere software in order to catch my account at any time. By the end of the lunch my account dropped a whopping 20%! I panic and closed out everything I've got including the faithful X, U.S. Steel.
It was a costly mistake for not putting a stop lost in a violate day!
Van Son was nice enough to organize a group lunch, so we have a lunch at Olive Garden. It was a good lunch. All that we can expect from Olive Garden, a little pricey but the food is fine.
I had my Pocket PC turned on and running the thinkeverywhere software in order to catch my account at any time. By the end of the lunch my account dropped a whopping 20%! I panic and closed out everything I've got including the faithful X, U.S. Steel.
It was a costly mistake for not putting a stop lost in a violate day!
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