December 31, 2010

I sold Crocks $CROX today for about a 4% loss in Jody's account. I then bought CSX for $64.74. This stock has a 1.6% dividend and has been on a pretty steady uptrend for a while. The market has been really volatile this week, and I wanted something big and steady.

Also, I need to start taking some profits when I'm up. I was up 10% on LULU a week ago, and now I'm only up 4%. With CMG I was up 3% at one point but ended up losing 3% on that trade. There's a saying on Wall Street. "Bulls win. Bears win. Pigs get slaughtered." On Etrade you can put a trailing stop order in when you get up on a trade. You can do it by dollar amount or percentage. If you're up 3%, you can put in a 1% trailing stop so that if it ever drops 1% it will sell automatically. If it drops 1% right away it will sell, if it goes immediately to 10% and then drops 1% it will sell then. If you want to learn more, go to etrade and watch the tutorial.

I'll try to update the scoreboard this weekend because it's the final one for the year.

December 30, 2010

I sold American Express $AXP today and bought Mips technologies $MIPS for $15.25. AXP dropped below its 50 day SMA by going sideways since I bought it. I didn't lose anything on AXP, and it may still go up, I just like MIPS better right now. I know I've been repositioning my portfolio alot lately, but I really feel like these stocks will move come the first of the year. Everyone is more optimistic at the beginning of the year. I like where these stocks are on the charts.

After yesterday the scoreboard reads:

Me 26.33%
S&P 12.98%

December 27, 2010

I sold CMG today for a 4% loss. It dropped below the 50 day SMA, so I got out. I bought Ford (F) for $16.68 with my Chipotle money. It's right on the 20 day SMA. The first two weeks of 2010 Ford jumped 20%. Hopefully it'll come close to that this year as well. I'm not holding my breath on that one though. I'm also watching CROX very closely.


I also bought Apple (AAPL) today for $324.70.

After the last trading day the scoreboard reads:

Me 28.05%
S&P 12.71%

December 23, 2010

I sold Jody's Netflix stock today at $184 for a 62% gain since July 7. I then bought Crocs $CROX for $18.09.

After yesterday the scoreboard reads:

Me 28.40%
S%P 12.89%

December 22, 2010

The funds from my retirement settled in Etrade today. The first thing I bought was American Express (AXP) for $42.68 just before market close. This is a short term buy. It looks like it's found support on its 50 day SMA. The 50 day SMA is also crossing overtop of the 200 day SMA. This is a bullish signal. This stock pays a dividend of 1.68% if you own it on Jan. 5, 2011. I'm not too worried about that though. I'll probably buy something else tomorrow also.

The scoreboard after yesterday reads:
Me 28.73%
S&P 12.51%

December 17, 2010

I've been thinking alot about how far I've come since I became serious about the stock market almost two years ago. If the market hadn't tanked in 2008, there's no way I would be where I am today. Watching my retirement get cut in half really made me want to be more hands on with it. When I started to educate myself at the beginning of 2009, I had no idea where to begin. There's so many "experts" claiming to have the answer it's overwhelming. I'm glad I found "The Market Guys" on Etrade. From them I've developed a simple strategy that I'm very comfortable with. Nothing is easy with the stock market, but if you can keep from making the big mistake, you can do really well. I'm transferring my entire retirement to etrade. It can't get there soon enough. It feels great to be in control of my financial future. Thank you Etrade. Thank you recession.

After yesterday the scoreboard reads:

Me 25.87%
S&P 11.46%


I thought I'd update my postitions today since I've repositioned quite a bit in the past week. Figures are as of around 2:00PM today.

Scoreboard account:
Lululemon (LULU): 9.50% since 12/10/10. Shares purchased for $66.35 now trading at $72.75.


Chipotle (CMG): 3.73% since 12/14/10. Shares purchased for $229.68 now trading at $238.91.


Other account:
Deckers (DECK): 6.63% since 12/14/2010. Shares purchased for $79.99 now trading at $85.54.


Amazon (AMZN): -1.41% since 12/7/10. Shares purchased for $179.58 now trading at $177.86.

December 14, 2010

I sold LVS today for a 5% loss in my other account. I then bought Deckers (DECK) at $79.99. I might be getting in a tad early, but I like this stock as more of a long term play. They recently signed Tom Brady to endorse their products. I like DECK and LULU for my super aggressive growth stocks.


Also, in the scoreboard account I sold AAPL for a 4.5% gain so I could buy Chipotle (CMG) at $229.68. I still like Apple, I just think Chipotle is in a good spot to buy as it appears to be bouncing off its 50 day SMA.

After yesterday the scoreboard reads:

Me 24.15%
S&P 11.24%

December 12, 2010

Friday I sold Ford for $16.70 and a little over 3% gain. I did this so I could buy Lululemon (LULU) at $66.35. I'm already up 3.4% on this as LULU closed at $68.70. I don't normally buy a stock after such a big jump, but this stock is really hot right now and some people think it could hit $100 in no time. With the huge spike in volume the past two days, it appears that alot of people want LULU. I think this stock will have a lot of momentum over the next week or so.

I also bought 2 March options puts on Citigroup at .49 a piece. It's had a nice run and I'm making a small bet that it will hit resistance and come back down. We'll see.

Scoreboard after Friday reads:

Me 22.86%
S&P 11.24%

December 9, 2010

I sold CMG again today so that I could buy Las Vegas Sands (LVS). I got in at $46.93. This will be a short term trade. I still want to own Chipotle, I just think this is a better oppurtunity for now. This is in my other account.

The scoreboard after yesterday reads:

Me 20.85%
S&P 10.15%

December 7, 2010

I sold the GLD today so I could buy Amazon (AMZN) in my other account. As you can see in the chart it looks to be bouncing off of support. I wish I had caught it when it was bouncing off its 50 day SMA, but that's how it goes sometimes. I still want to be in gold, I just want a more aggressive play. I may buy a gold mining stock like AEM if I ever catch it on a bounce.

After yesterday the scoreboard reads:

Me 20.55%
S&P 9.69%

December 6, 2010

I bought Chipotle (CMG) today at $240.84. When I sold Friday I was afraid that it would drop all the way to its 50 day SMA. It looks like it's gonna bounce off its 20 day so I'm back in. I was able to buy a couple more shares also. This is in my other account, so it won't affect the scoreboard. My plan in the near future is hopefully to sell Ford for a nice gain as I catch Netflix and Amazon on a bounce. We'll see. Netflix is up 4% today, and this may be the bounce. My plan is to wait and see if it hits that support trendline that I showed in the December 1 chart.

Also, I sold my Citigroup option for a 25% gain. However, I only wagered $78. It felt more like a football bet than a stock buy.

After Friday the scoreboard reads:

Me 20.84%
S&P 9.83%

December 3, 2010

Today was a sad day because I had to sell Chipotle (CMG). The CEO sold 20,000 shares causing the stock to drop almost 7% as I'm writing this. I got out at $237.24 and kept a 40% gain. The chart above shows where I bought the stock on 9/24. The last red candle is today. As you can see it is dropping below the 20 day SMA. I still like this stock long term and will look to get back in when it finds support.

My aggressive move with Netflix and Ford is working out so far. Netflix is down 7.5% since I sold it and Ford is up 1.6%. That's a 9% swing.

I probably will wait until next week to buy something with my Chipotle money. All the stocks I like right now are either getting hammered or not doing much. The SPY is still struggling to break that $123.00 barrier. Let's hope it can punch through next week.

An update on the stocks I own.

Other account:
GLD: .71% since 11/30/10. Shares bought at $135.63 now around $137.24.

Scoreboard account:
Apple: 3.12% since 10/28/10. Shares bought at $306.42 now around $316.61.
Ford: 3.00% since 11/24 and 12/01/10. Shares average price $16.16 now around $16.70.
C Mar 19 '11 $4.00 call: 25% since 11/30/10. Contracts bought at .39 now around .56.

After yesterday the scoreboard reads:

Me 20.84%
S&P 9.54%

December 1, 2010

I decided to sell NFLX today at $201.50 and took in a 14% gain. I still love this stock and will look to get back in when it comes back down to support. As you can see in the chart below I'm just trying to follow the trend. It appears to have hit the ceiling again and is on the way back down. It keeps making higher highs and higher lows. That's great. Hopefully the trend continues. This may come back to bite me, but I'm trying to grow as a trader/investor.


I'm doing this as an aggressive move because I then bought more Ford stock at $16.42. It appears to be on the move as it is up 3% today. The bottom chart is Ford. I guess we'll see.




After yesterday the scoreboard reads:

Me 17.95%
S&P 5.87%