Tuesday, May 6, 2008

Sold DCR, SWHC

SWHC is trading in very tight 7.00 to 7.50 chanel. I cant be bothered having my money here when there are so many better trades out there.
DCR... it has lost me money. Its been a while since the last time I saw oil go up with such momentum. Yup, its gone parabolic, and when something goes parabolic it must shorted. Not now, but in a short time.
I remember watching the show "Fast Money" on CNBC and they were talking about commodities including oil. The discussion was how the commodities rally was over, that the bubble had finally burst. Also Cramer had to say something about it, something like hedge funds are transferring their money from commodities to technology and financials. All these comments were said around a 2 day span. This is when i thought "commodities are going to make the biggest run ever by next week". And voila here we are.
The lesson: Do the opposite of what CNBC tells you to do.

Monday, May 5, 2008

Today's trade: DCR

I bought some DCR at 3.30. This is a double-down oil etf. It has had a 3 for 1 reverse split so it is leveraged 3 times, meaning that if oil goes down 2% DCR goes up 6% at least. Oil was unable to breakout from that previous high and I think its going back down to 114 or lower. I'm looking to exit DCR at 3.90 or better. Or you can always buy some put options and risk losing all your money :-)

Sunday, May 4, 2008

Options trades: SOHU, GOOG

Monday im buying $70 SOHU puts. I think SOHU is very soon going to retest its support at 70 or even close the $66 gap. The recent run up has been pretty fast, and that usually translates to fast drops.

Google is another candidate for a quick options trade. I see how it just bounced off that $600 level like it was made out of concrete. Buying some 550 GOOG puts would be good enough for a handsome profit. I'm throwing this one out there but i doubt I'll get into this trade seeing how its already down to 580. Maybe i can get a nice break monday to buy some puts.

Friday, May 2, 2008

Weekly track


SWHC $7.40 18.4%
VIMC $3.16 _0%
SYNM sold @ 1.20 -4%

Tuesday, April 29, 2008

Tomorrows trade: SYNM

This stock has broken out from its 1.25 resistance and its on an uptrend after forming a double bottom last month. Today it showed strength by maintaining itself above 1.25. I believe SYNM to be a good buy at this price, nevertheless the downside risk is significant so I'm setting a stop loss at 1.20. I see a close above 1.50 to be a strong confirmation that a breakout has occurred and from there comes $2.
Thats a 35% profit... I'll take that any day.




Update

Lately I've been busy with school work but that will all be over by next week.
SWHC is showing massive strength with 4 consecuitve up days and i don't see it slowing for tomorrow. I think this one is a hold until $10.
CSGH I never saw a good entry point for this one and good thing I didn't.
THC is doing good.
I think SKNN is a great buy everytime it dips below .45. I've played it that way three times this month and i get 20 - 50% everytime.

Sunday, April 27, 2008

Watchlist: CSGH, THC

CSGH
...is on fire! It has made a big run up to $1 and even broken this very strong resistance level on solid volume. I want to see some strength on Monday, a bounce off the $1 support and I'm in. Not much resistance from here up to 1.50 so there is huge profit potential in this one, we'll see.



THC
If you want to be more conservative I think THC would be an excellent move. I think a 12 to 15% gain from the current price is a reasonable exit point.