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Gio

Short flyers, buy gaps

That’s my strategy for now.

I’m looking for these trades…
Short: DIVX, AAPL
Long: ERS, SNDK, VG, ATHR (they report some time this month)

Ready to go? These stocks are struggling to move out of any range. Could move up soon. I own VG…
YHOO, VG, DNA

Sold: TFSM

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Finally, internet access


I now can trade… and not 3 am in the morning like I do in Hawaii! Yay. Right now I’m just enjoying watching stocks like Google and DIVX take flight. I have to read some other financial blogs in the meantime to catch up on the market. I leave you with a picture of the New York Skyline I took from Brooklyn. Simply amazing place!

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Hi from New York

Hi guys. I’m sitting at my hotel on Broadway using someone’s unsecured wireless internet access. It’s been go-go-go here in the Big Apple, so I really haven’t been able to check out what’s been happening on the market. Basically, when I’m in Time Square I check out the scrolling ticker tape and see what’s up.

Anyway, it’s nice to see Google take the Nasdaq higher (I took a picture at the Nasdaq building today and some pictures of some important-dressed people that everyone was taking pictures of). We are in a strong bullish market that reminds me a little of 1999, but not as strong yet. It looks like a lot of long term bases are being created for many stocks, so it’s a good idea to go long good companies and set your stops to these bases. Anyway, enought stock-talk for me… I’m on vacation! I will try to visit Wall Street tomorrow since I’ll be walking the Brooklyn Bridge tomorrow.

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Tonight I leave for NY

Yesterday I got smashed. At least I had a great time fishing.

I cleared out most of my portfolio since I’ll be heading out to New York. First I’ll be upstate, then I head to Manhattan. Hopefully I can do my first trading on Wall Street. That would be pretty awesome.

DIVX! What did I say, this stock is on fire! Unfortunately for me I exited yesterday, and decided to cash out before my trip. This stock will gap up to $25, then pullback. I set a buy limit at $21.50 since I think a market correction will come once we hit the 12K point.

12K! Sheesh! The Dow is on fire. It certainly sucks to be shorting stocks. Just ask me.

Sorry for the lack of posts. I’m running a ton of errands and will be out all day. Plus, it’s a 9 hour direct flight from Hawaii to New York, and I think my lap top is breathing its last breaths. Anyway, I have to go watch my gorilla day trade I made in JDO. I’m not exactly sure who will win in the final hour… dip-buyers or dead-cat-bouncers.

Ciao!
-Gio

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A little heads up

Most of my portfolio is now long. I did sell my long position in ATHR today and switched it for a short in MNST. Monster is back at the top of the downward trend, and it will take some big news to start a reversal.

VG moved up as high as $7.85 today, but fell back down to $7.35… sheesh. I should be trading this stock, and not investing in it.

I’m stuck with a short position in VSTH, since I feel the YouTube deal will be digested over the week by the rest of the longs that haven’t sold off yet. Then it’s back below $6 for you.

Tomorrow I’ll be watching only one stock: INFY. This India outsourcing company reports early in the morning. All I care is that it moves big.

Remember… earnings season starts tomorrow! Not many people headed for the sidelines today, so we should see big time volatility until the end of the week.

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