Sunday, October 26, 2008
Monday, June 23, 2008
Even though my portfolio has been terrible and I've been crippled I've hung on and made some good trades, most recently buying BCE before the Supreme Court ruling. I've also been added to a Yellow Pages YLO.UN holding as it goes down (the yield is pretty much too good to be true.
Some links that I've found interesting:
You can create a boiler plate resignation letter if you care to join the mass exodus at Yahoo YHOO here.
This guy has put his life up for sale on eBay.
Sunday, April 20, 2008
I've already told you about the big loss that I took on BMO. Right after I couldn't handle the pain anymore, BMO bounced up! While it is still below where I purchased it right now (when I sold it my average cost was $52), I started purchasing in the $60's. When it got to $38 I couldn't take it anymore.
What have I done since then? Well, I've made some good trades but never made back nearly as much as when I have a losing trade. It is very frustrating watching two winners like Visa (NYSE:V) and Yellow Pages (TSE:YLO.UN) do well for me, only to lose 3 times that amount on my Apple (NASDAQ:AAPL) short.
Speaking of which, everyone assumes that AAPL is going to blow earnings out of the water on Tuesday. If thats the case, I'll probably have my first margin call and my brokerage account will be screwed! Great! However, I will have to hand it to AAPL if they do. I just do not think they can keep up this growth pace. People who buy Mac's can use them for a very long time. They've already hit the student market - those students are dishing out multiple thousands for another over priced machine. I just don't get it. Hopefully everyone is wrong about AAPL - just like they were when Google (NASDAQ:GOOG) reported earnings.
Speaking of which, I was considering buying GOOG going into earnings as a hedge against AAPL but then I thought that was a dumb idea, ugh, always on the wrong side of the trade lately!
Friday, March 21, 2008
Speaking of dwelling on bad decisions - after investing in Bear Sterns (BSC) on the Friday when it fell to $30/share, I was able to hold the next week until it went to $7. After that I was able to short it down to $5 and make some of my money back.
Not sure what next week holds but I'll be looking to put the rest of my capital to work and sit on it for a week while I go on vacation.
Sunday, March 16, 2008
Saturday, March 15, 2008
Saturday, March 1, 2008
Thursday, February 28, 2008
This could be anything but given the uptick in the stock price I am pretty confident that it is positive news. I guess we will see tomorrow!
Sent on the TELUS Mobility network with BlackBerry
Tuesday, February 26, 2008
Monday, February 25, 2008
Sunday, February 24, 2008
Friday, February 22, 2008
Thursday, February 21, 2008
Tuesday, February 5, 2008
Monday, February 4, 2008
Wednesday, January 30, 2008
Tuesday, January 29, 2008
LXK annouced a great quarter and shot up 15% today.
Assuming I can cover the YHOO short tomorrow at the levels it is trading at in the after market - my portfolio went up about $550 today which is >5% return! Pretty nice considering the way the market has been treating me lately.
But there is bad news on YHOO pre-earnings annoucement, Cramer's cronies seem to think good things are in store with the article: Own Yahoo? Lucky you.
We'll see how the day progresses.
Monday, January 28, 2008
AMD and YHOO shorts canceled out since they went in opposite directions.
BMO and LXK were the two big winners netting $107 profit.
Tomorrow will be interesting to see how the market reacts with the pending Fed meeting and also how YHOO moves as they are set to put out results at the close of the market tomorrow!
Wish me luck!
Pre-market shows the following good news for my recent tech shorts:
AMD down 1.26%
YHOO down 1.37%
Market appears to be fairly stable awaiting the Fed meeting coming up later in the week (even with the overseas selling off pretty hard).
I'm up about $80 today based on YHOO being down over 4% (earnings come out after the close on Tuesday - really hard to say where this will go). The consensus appears to be that they have it priced into the stock and it should not re-act much after earnings. I'll decide tomorrow or later today if I'll get out.
The rest of my stocks are up and down, netting to no real change.
Sunday, January 27, 2008
Browsing the interweb tonight, I came across the wikipedia article that summarizes traders who have realized over $100 million in trading losses.
If you remember my big position that was really hurting me was Advanced Micro Devices (AMD). I had purchased 230 shares of it back in November at around $12 and in the following two months I watched it quickly sink to under $6 at one point. I realized I'd need it to jump more than 100% just to get back to my cost base. I really hated this stock. Watching it go down day after day was very frustrating. So it recently made a jump up to the high $7's on speculation that IBM was going to be taking them over. So at that point I sold all my shares and actually shorted AMD (risky, I know). The shares continued to rise in the following days but on Friday it took a 5% dip as the speculation of an IBM takeover died down.
I've tried to ignore some of my longer term positions lately and just concentrate on buying some stocks so I can watch them throughout the day. I recently purchased LULU and it had a 5% spike - so I sold.
Another recent trade was Colgate (CL), just before they reported earnings I shorted it. However, the stock has not moved up or down since announcing earnings.
Stay tuned in the following weeks as I trim down my portfolio and try to take some calculated risks in order to get a big return!
I've deposited a total of $10,700 into the brokerage account and if I liquidated all my positions now I would only be able to cash out $9,500 (so that is very frustrating).
Any tips or comments would be appreciated.
Wednesday, January 9, 2008
the performance of my stock portfolio went down big time. I am now
below where I started in July 2006. I starting shorting stocks,
trading on margin and all the things you're not supposed to do and I
kept earning - then it all hit me in the face.
I currently hold 16 stocks and 30% of my portfolio is stocks owned on
margin which I am paying for. As bad as it has been there is only one
stock that is really killing me - Advanced Micro Devices (AMD).
Every day that I go to check the chart, I cringe as it has
unbelievably gone down yet again! Day after day, it is very hard to
watch all your hard earned money go down like that. I really do not
want to sell at this point as that is probably the worst thing you can
do at this point.
Considering the mutual funds and markets have all been down over the
past month and it might seem hard now as the Christmas bills begin to
roll in - you really need to try to get some money in now at these low
levels and get the bounce back!