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Investing, Market Analysis, Quick Hits, Trading »

This is pretty fascinating, but Apple (AAPL) is actually leading the market… lower. I wrote a post for Seeking Alpha at the end of last week how Apple had closed below its 200 day moving average for the first time since early 2009. Since the stock stopped making new highs a few months ago it has basically led the stock market lower. How significant is this? Well, it’s not 100%, but it’s definitely significant. Apple has been viewed as a major market mover and leader …

Gold, Headline, Inflation, Trading »

I Expect Silver To Continue Move Lower In Near Term

Silver plunged something like 30% last week, then bounced for a few days – a text book dead cat bounce – and today dropped big again.  I expect this to continue at least to the $30 level and I still think silver could correct as low as $20.  I put a short term short trade on silver by using the ZSL and will take gains in that if it it plays out as I expect, then buy back into silver in the area around $20 (if it indeed goes as …

Investing, Technology, Trading »

The Next Tech Bubble?

Tech land has already had a meteoric rise.  Look no further than the likes of companies like Apple and Amazon which have seen huge increases in share price and market cap.  The most interesting wave, however, of tech news might not even have materialized yet.
The most anticipated companies for possible investors aren’t even trading in the public markets yet.  Who am I talking about?  Facebook, LinkedIn, Twitter, Groupon, etc.  These are the companies that investors are psyched to get in on.
RenRen (called the Facebook of China) has gone public on …

Investing, Quick Hits, Trading »

The market has been going up everyday it seems like.  Complacency and volatility is very low.  As such, I’m buying some option calls on the VIX (volatility index).  With the possible end of QE2 around the corner combined with tons of uncertainty in areas like the Middle East or even the debt of Europe, buying cheap insurance at this point seems like a prudent move.  I’m buying July Calls on the VIX for just a couple hundred bucks.  If the volatility index exploded in conjunction with a significant market correction, …

Investing, Quick Hits, Trading »

At the depth of the oil spill crisis, I decided to buy a bunch of shares of Transocean (RIG).  I got in on the shares in the low $50’s.  I didn’t time the trade perfectly, because the shares actually went on to go into the mid/low $40’s.  On situations like this, however, you don’t have to time the trade perfectly to do very well.  I bought the shares because I’ve always liked this company, and I saw that the focus of the public and the media was on BP, not …

Trading »

As Amazon.com (AMZN) moves lower, it is nearing a major gap-up that occurred late October of last year after a big earnings jump.  In that gap-up, the stock went from the low $90’s to $110.  A huge gap.  Since then, I’ve been eyeing Amazon for a potential short into an approach to fill this gap.  Note, I’ve been short AMZN since the high $140’s but I will be adding more as we break towards $110.  Keep your eye on this one.
AMZN one-year chart

Featured, Investing, Trading »

[24 Jun 2010 | Comments Off on Tracing My Options Activity In Philip Morris Int’l (PM) | ]

Since early in 2009, I’ve held 100 shares of Philip Morris Int’l (PM). Early in 2010, I decided to start playing with options to supplement the dividend income that PM was generating. This post details these moves.