Ended up being up $120 for the day.
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!
Showing posts with label amd. Show all posts
Showing posts with label amd. Show all posts
Monday, January 28, 2008
Monday, January 28, 2008
With the overseas markets declining this morning on rate-cut concerns.
Pre-market shows the following good news for my recent tech shorts:
AMD down 1.26%
YHOO down 1.37%
Afternoon update:
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.
Pre-market shows the following good news for my recent tech shorts:
AMD down 1.26%
YHOO down 1.37%
Afternoon update:
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
My Portfolio as of January 27, 2008
Well, I'm about to show you my portfolio with current positions. I know that I have too many stocks and I am in over my head. I'm actually trading on margin alot more lately, trying to make a big move.
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.
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.
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Wednesday, August 15, 2007
VMWare Day #2
I know I am spending way too much time looking at this one stock, but it interests me. Yesterday, I bought at pretty much the low and sold it at the high. But today, the stock went up almost $7 (13%) and now another $1.22 (2%) after hours. So the much speculated dying of hype did not happen today. However, reading the google message board many believe the hype will eventually die and the stock will come down in the 40's. Tomorrow will be interesting for sure.
Another horrible days as the penny stock CQV.V traded down another penny - this could really hurt the portfolio. AMD declined almost 5% bringing the loss on that one into triple digits. There are really a bunch of losers in this portfolio and it is getting depressing watching them tumble each day.
Another horrible days as the penny stock CQV.V traded down another penny - this could really hurt the portfolio. AMD declined almost 5% bringing the loss on that one into triple digits. There are really a bunch of losers in this portfolio and it is getting depressing watching them tumble each day.
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