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Momentum Trading with RaginCajun

RaginCajun
Joined Jan 27, 2008
7,405 Blog Posts

GOOG: Google Inc.

Fri Jun 20, 2008 12:37am EST 3

[[GOOG]] to $600.

Earlier today I was short the GOOG. It looked great right until it bounced off the 50 day. I ended up taking a loss on the trade, and should have flip sides instead of closing out the position.

Before the IBC era, I was heavy into WallStreak. I still visit the chat room, but due to it’s popularity, the site has slowed down a bit.

In my time at the site I have run across many great traders, but none stand out more than Stewie & Johnson.

I still follow both traders, and they consistently pick winners. Right now they are both extremely bullish on [[GOOG]], so why bet against them. After pulling up the chart tonight, it does have a bullish look. I may try to take a stab at it tomorrow, as I think we have a huge day for tech.

Top picks for tomorrow: [[GOOG]] & [[AMZN]]

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AMZN: Amazon.com

Thu Jun 19, 2008 6:14pm EST 12

$90, tomorrow.

[[AMZN]] look good here. If tomorrow is bullish, I would not be surprised to see this one hit $90 by close– mainly due to option expiration. Over $85 I’m all over it.

Notable calls link

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A Quick Look at GU

Thu Jun 19, 2008 12:48pm EST 17

Technically the stock does not look all that great, but take a look at a few stats:

This recent IPO is expected to grow 84% this year and 75% the next five (per annuum). The company blew away numbers a while back, but got dragged down by the Chinese market.

The company expects to earn .92 cents/share this year, and I believe could easily earn a buck. Given it current mutliple, meaning P/E, that would put the stock well over $20 bucks.

And if the multiple would reflect it’s growth rate, I see the stock trading north of $40.

Now with China raising gas and diesil prices, I see this benefiting [[GU]] tremendously, as the company is focused on biodiesel.

Just my thoughts.

Disclaimer: Long GU

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Oil Service

Wed Jun 18, 2008 10:07pm EST 4

I love Fly’s thoughts on the market, long oil and short everything else–it just makes sense.

In the oil space I want to focus on the service sector. I spoke to a guy who works offshore, and his company is preparing to drill off the coast of Florida. From what I hear there is a ton of oil in this area, but the problem is that it‘s a “No Drill Zone,” until now.

With oil at record levels, Bush is giving the all clear to drill in this area. This only means more money for the drillers as everyone tries to capture this gold mine. I will be doing more work on this, stay tuned.

You can find some great ideas right here.

…..Charts tonight

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