Archive for January, 2008
Daily Status 2008-01-30
Wednesday, January 30th, 2008Daily Status 2008-01-29
Tuesday, January 29th, 2008Daily Status 2008-01-28
Monday, January 28th, 2008Daily Status 2008-01-25
Friday, January 25th, 2008Account Value $855.96
Money $5.96
Securities $850.00
As of 2008-01-25 at 6PM Pacific
This sure has been a wild week. News from everywhere. Markets swinging around — negative, positive, negative. This is the first week this year that the Dow ended with a weekly gain.
The portfolio shot upwards early and trailed a bit near the end. That did not keep EMC (EMC) down but took Harley Davidson (HOG) into the red after a less than stellar earnings report.
We’ll have to see what happens next Monday. New home sales data. Might be a good time to buy into a home builder (for long term) when it dips a bit after the news.
Screenshot available. No orders pending at the moment.
Daily Status 2008-01-24
Thursday, January 24th, 2008Daily Status 2008-01-23
Wednesday, January 23rd, 2008Account Value $710.96
Money $5.96
Securities $705.00
As of 2008-01-23 at 6PM Pacific
Wow. Under Armour (UA) calls got triggered on the dip this morning and sold at $1.90. If the the stop was lower, it may have carried this 1K Portfolio way higher. Oh well, at least it returned a profit. Harley Davidson (HOG) benefited greatly today — which sank the value of the put I have. EMC (EMC) was down but picked up some near the day end rally. More than half the portfolio value is now in EMC. I have a very good feeling tech’s been over sold and shall be coming back. However, this is a risky position to be in where more than 50% of a portfolio is in one stock. If you ever find yourself in this situation, make sure you understand the risks involved.
Screenshot after the link.
Daily Status 2008-01-22
Tuesday, January 22nd, 2008Account Value $779.12
Money $29.12
Securities $750.00
As of 2008-01-22 at 6PM Pacific
Wow! The Fed cuts rates! Cut 75 basis points. That’s a huge chunk. That brought the Dow back from about -465 points to -128.11 points. Question is — is this a good sign or a bad sign?
The markets are responding by rallying after being pummeled today. However, what will happen tomorrow? Is this just a temporary rally? Gotta wait and see. There are still people weary of how the market will react. Currently, the global markets are recovering a bit.
In other news, Apple (AAPL) announced earnings and did pretty well… but the stock got hammered after it told Wall Street it’s cautious outlook.
Under Armour (UA) rallied along with other retail stocks. The UA call options rose more than 60% today to cover the initial lost and brought the portfolio closer to it’s short term target — back to breakeven. I’ve set a stop loss on the options to make sure I can get some profits outta the trade.
Another thought, many were thinking yesterday that the Dow could drop up to 600 points. The market would mirror such a fall. Thus, I’m quite disappointed that I did not set a sell order for the Harley Davidson (HOG) puts. Argh!!!
Screenshot available.
Daily Status 2008-01-21
Monday, January 21st, 2008Account Value $636.12
Money $29.12
Securities $607.00
As of 2008-01-21 at 6PM Pacific
Markets are closed today in observance of Dr. Martin Luther King Day. I too have a dream — that this portfolio gets back up to $1000 at least. Ok, so maybe that’s more of a prayer than a dream. The next ought be pretty bad with a global market sell-off today.
Daily Status 2008-01-18
Friday, January 18th, 2008Account Value $636.12
Money $29.12
Securities $607.00
As of 2008-01-18 at 6PM Pacific
Markets end week down more than 500 points. Sold off TIVO for a small profit. Bought 2 calls for UA and 1 put for HOG. Man, UA has been hit hard — super hard. The screenshot does not show all the transactions. It’s already past 12am EST so I guess Tradeking’s systems clear out the history. The history is also not up-to-date in the Activity section yet. Please see attach screenshot for more info.
Not touching housing stocks for a while… too volatile (scary).
