This weekend, I’m heading to a bonfire with some friends. Bringing my guitar and ukelele, and gonna serenade the ladies.
Current portfolio:
APWR -7.69%
BABY +4.01%
BOH (short) -2.48%
FXP +1.00%
GMXR +3.23%
HK +0.94%
MEA +1.64%
SQM +6.06%
TBSI (short) -0.88%
Winners:
CSIQ ( +1.40% at 29.70, bought at 29.30)
SID ( +9.02% at 40.66, bought at 37.25) -partial
CSIQ ( +11.23% at 30.20, bought at 27.15)
YGE ( +4.51% at 15.31, bought at 14.65)
FXP ( +3.58% at 76.46, shorted 79.35)
EXM ( +4.92% at 34.39, shorted at 36.17)
TBSI ( +2.36% at 35.31, shorted at 36.09)
FXP ( +1.71% at 76.58, bought at 75.32)
SID ( +2.68% at 38.20, bought at 37.25) -partial/completed
PCX ( +4.71% at 119.52, shorted at 125.43)
Losers:
BG ( -3.46% at 96.16, bought at 99.66)
PCLN ( -6.5% at 107.07, shorted at 100.50)
APWR ( -6.6% at 24.78) -partial
EGO ( -6.70% at 8.26, shorted at 7.75) -partial/completed
EGO ( -3.06 at 7.80, shorted at 7.56) -partial
Completely sold options:
.QKTUF ( +253% at 13.40, bought at 5.30)
Trader notes:
This week was not a week to hold anything over two days! Those days will come, maybe August will give it. Anyway, nothing really much to say. It was very choppy this week, and if any stock didn’t take off, I immediately sold them. There were no real trends set this week, no real winners out there. Not even energy stocks could muster up a squeeze on the shorts as their gains were limited. This definitely has been one of the trickiest tapes I’ve seen in a long time. Keep your positions relatively small, and average in and out when the market starts showing you his cards.
I also managed to sell all my OSTK puts early in the week, after riding the stock down about -40%. So far, it has bounced up from 13 all the way to 18, so I exited pretty clean. I’m looking to re-buying options later.
I was a little mad at PCLN since someone decided to upgrade the stock right when it was at 100. That was well-timed, a nice trap! Anyway, I’ll be re-shorting when we reach the next resistance point.
July report coming up later!
Previous Weeks’ Performances:
http://www.thehawaiitrader.com/2008/07/week-update-ending-july-18-2008-12.html
http://www.thehawaiitrader.com/2008/07/week-update-2-winners-0-losers.html
-gio-
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Gio, Ive lived here on the island’s since the 70’s.Welcome to the board.Aloha
OC… nice to meet a fellow Hawaii trader. don’t tell me you get up 3 am in the morning!
Gio … nice photo on the beach. I don’t know if you took this shot, but whoever did, got it right. Photography is one of my many hobbies. Kauai is my favorite place to shoot photos in the world.
I look forward to reading your insight and picks in the market.
HI Donny. I wish I took that shot! It’s a tricky shot because of all the lighting, in the sky and the fire. I have a Canon XTi DSLR, what do you use? Photography is one of my hobbies too, I mean, if you don’t have a camera and you live in Hawaii, then you’re taking life for granted. Kauai is very beautiful- it’s the greenest island with a lot of streams. Even Jurassic Park was filmed there. I’ll be sure to post more of the pictures that I take whenever I get a good one. Do you have a site where you feature your pictures? Maybe you can lend me some Hawaii shots so I can post them here.
GIO, I loaded up on GG at 36.20. How about them apples? ( I tried to tell everybody, wait for re-test of last lows GG)
also __-start loading up on APC,DVN,EOG–those have this 3 to 4% channel with fixed bottom__ Middle BB band is exit and last lows are the entries__
I don’t doubt these price channels will change next 7 trading days__
( Hurricane shows up in the Gulf, JUST HOLD–booYAH__
zee
If you need to see the charts APC,DVN,EOG
I have them at the blog site__
Total brainless winning trades–just give me 3-0 wins right now
I’m going 50% NAT GAS portfolio, (other 50% GG, just kidding, but tempting)
Gio, this is the hot way to do your blog__now ALL my 1000 Hot diggity__readers are going to be coming here:)
Hey Z… yeah, I saw dealsAddict stop by. I sold GG at the top 2 weeks ago above 50 …
Thinking about getting long, but watch the gold commodity 1st, its in a correction. I use gold as a hedge against a falling market.
GG, you’re going opposite me again___I’m in at 36.2 __
I’ll set a 5% stop loss = 34.39
Z… I’m not going against you… I have an entry point above 37. I just didn’t like the way it sold off last Wed-Friday. The good thing though… it didn’t fall that much despite a “surprise loss” earnings report! That was a punch to the nut for the bears. But anyway, anything can happen so I’d feel more comfortable if it bounces off that support around 35.
Gold is still a great play against a falling dollar.
Someone asked me about HK a couple days ago. I forgot who. Anyway, I’m still holding. The key here is to watch USO. It’s at that elusive 100 spot, and I would like to see it get back to 109 before adding to HK. Hope that helps… whoever you are.
Gio … I shoot a Nikon D40 and a Nikon D300. The D40 is almost on par with the D300, and cost 1/4 the price. I use the D40 a lot more … mainly because it’s lighter when I’m running around The O.C. taking photos of my family. When I go somewhere special, it’s the D300.
I don’t have a personal website yet, but I’m certain one will come.