Well I have confirmed it. The Call option I had against my iShares Silver Trust position is no longer listed in my TradeKing account, but the shares are still there. With this opportunity, I will be selling against them again but this time at the $19 strike price. This way I profit off of all of the shares if they get called away from me by the next option expiration date.
As a side note. I had to recalculate my paper trade log as I had a feeling that I was being facetious with the numbers. In order for me to have made all of the trades that I did I would have needed to start off with a much larger account balance. The truth is that I only made 16% profit. Still not bad, but not nearly as glorious as my previous balance. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Showing posts with label paper trade. Show all posts
Showing posts with label paper trade. Show all posts
Saturday, April 17, 2010
Friday, April 16, 2010
My Jaw Dropped Today
Today news about Goldman Sachs (GS or affectionately called Goldman Sucks by some media personalities) had some very critical accusations posted about them in the news. As a result of the news, their stock took an immense beating today, and as the largest brokerage entity in the market, dragged the markets down with them.
Now that isn't what caused my jaw to drop today. Oh, no. What caused my jaw to drop was how it affected my portfolio to behave in the opposite way that I expected. It is generally assumed from history that as the stock market pulls back the price of the metals will go up. But because of the way GS is invested in the market and the details of the news that came out about them the metals actually pulled back with the market. So what does this mean for me? I am not sure yet, but for one thing I am assuming by the closing price of the iShares Silver Trust ETF (SLV, $17.41) I may not be called out of my position by the $18 strike price option I had sold against it a couple months ago. I should know by tomorrow if this is official, as the assignment of options is done over night after expiration.
The second thing that caused my jaw to drop wasn't in my TradeKing (http://www.tradeking.com) portfolio but in my paper trading portfolio. As I mentioned in my blog post yesterday, I would sell my position of Inspire Pharmaceuticals, Inc. (ISPH) if it closed over $6.90 and close my paper trading. Strangely enough today, on news that they received approval to market their dry eye treatment in Japan, ISPH moved up 97 cents for a close of $6.93. And as a man of my word, I am selling off my position and closing out my paper trades.
The other thing I said is that if it started to go up, I would buy a call option to hedge against my losses in the stock. But with this move, there is no point in buy the option since I am breaking above even. In fact, including the two covered calls I sold against my position over the almost three month hold of the stock, I made a total profit of $176 on a $1360 investment (12.9%, not deducting commissions). Not to bad.
After going over my paper trading log, this is what I see. Out of 32 trades, I was right or patient enough 22 times for a profit of $1264, and wrong or impatient 10 times for a loss of $242. This leaves me with a net profit of $1022 (not deducting commissions). If I actually had the cash I pretended to have, I would have made a turn around of about 50%. Not bad at all. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Now that isn't what caused my jaw to drop today. Oh, no. What caused my jaw to drop was how it affected my portfolio to behave in the opposite way that I expected. It is generally assumed from history that as the stock market pulls back the price of the metals will go up. But because of the way GS is invested in the market and the details of the news that came out about them the metals actually pulled back with the market. So what does this mean for me? I am not sure yet, but for one thing I am assuming by the closing price of the iShares Silver Trust ETF (SLV, $17.41) I may not be called out of my position by the $18 strike price option I had sold against it a couple months ago. I should know by tomorrow if this is official, as the assignment of options is done over night after expiration.
The second thing that caused my jaw to drop wasn't in my TradeKing (http://www.tradeking.com) portfolio but in my paper trading portfolio. As I mentioned in my blog post yesterday, I would sell my position of Inspire Pharmaceuticals, Inc. (ISPH) if it closed over $6.90 and close my paper trading. Strangely enough today, on news that they received approval to market their dry eye treatment in Japan, ISPH moved up 97 cents for a close of $6.93. And as a man of my word, I am selling off my position and closing out my paper trades.
The other thing I said is that if it started to go up, I would buy a call option to hedge against my losses in the stock. But with this move, there is no point in buy the option since I am breaking above even. In fact, including the two covered calls I sold against my position over the almost three month hold of the stock, I made a total profit of $176 on a $1360 investment (12.9%, not deducting commissions). Not to bad.
After going over my paper trading log, this is what I see. Out of 32 trades, I was right or patient enough 22 times for a profit of $1264, and wrong or impatient 10 times for a loss of $242. This leaves me with a net profit of $1022 (not deducting commissions). If I actually had the cash I pretended to have, I would have made a turn around of about 50%. Not bad at all. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Thursday, April 15, 2010
Portfolio and Paper Trade Update
It has been a week since my last post and nothing has changed in my portfolio until now. Friday is option expiration and I have one outstanding Sold-To-Open (STO) Call option out on my iShares Silver Trust ETF position (SLV). The Call option is for the $18 strike price and the ETF is at $18.07 at the close of today's trading day with an asking price that is higher than the current price and for a larger volume than the bid price. It certainly looks like I will be called out of my position by end of day on Friday.
It has been a really good run on the ETF and I am averaged down from my initial 10 share purchase so that I will make a profit on the transaction of about 6%, not including the premium I sold the option for. It is my opinion that SLV will probably pull back after option expiration so I will just have to wait and see if it drops and holds below $17.50 until the funds clear again. Hurray for me that it isn't a wash-sale if you make a profit.
I still have paper trades in effect and I am making a change to one of them today. Sprint (S) has done very well but there is only one month left until the expiration of the Call option that I "bought" on it, this means that unless it goes up further, time will decay it's value until all that is left is intrinsic value, or the amount between the strike price and the current stock value. Unfortunately even that isn't guaranteed. Since there is only 5 cents of additional time value left, I am going to take my "profit". It is absolutely possible that S could go up another 20 to 30 cents or more, but I don't have to take the risk.
After these two changes this week I am left with my stock positions of Capital Product Partners, LP (CPLP); EV Energy Partners, LP (EVEP); my Bought-To-Open (BTO) Call options on Brocade Communications Sys Inc. (BRCD); and my paper trade on Inspire Pharmaceuticals, Inc. (ISPH). ISPH did the head-and-shoulders chart pattern I expected but stopped dropping after passing the neck of the pattern. It looks like it is consolidating for another move up. If it does move up above the downward trending resistance line I have charted with a current price of $6.25, I may buy a Call option on the stock to attempt to hedge against the losses in the stock. And if the stock closes above $6.90, I will sell the stock to close off all of my paper trading. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
It has been a really good run on the ETF and I am averaged down from my initial 10 share purchase so that I will make a profit on the transaction of about 6%, not including the premium I sold the option for. It is my opinion that SLV will probably pull back after option expiration so I will just have to wait and see if it drops and holds below $17.50 until the funds clear again. Hurray for me that it isn't a wash-sale if you make a profit.
I still have paper trades in effect and I am making a change to one of them today. Sprint (S) has done very well but there is only one month left until the expiration of the Call option that I "bought" on it, this means that unless it goes up further, time will decay it's value until all that is left is intrinsic value, or the amount between the strike price and the current stock value. Unfortunately even that isn't guaranteed. Since there is only 5 cents of additional time value left, I am going to take my "profit". It is absolutely possible that S could go up another 20 to 30 cents or more, but I don't have to take the risk.
After these two changes this week I am left with my stock positions of Capital Product Partners, LP (CPLP); EV Energy Partners, LP (EVEP); my Bought-To-Open (BTO) Call options on Brocade Communications Sys Inc. (BRCD); and my paper trade on Inspire Pharmaceuticals, Inc. (ISPH). ISPH did the head-and-shoulders chart pattern I expected but stopped dropping after passing the neck of the pattern. It looks like it is consolidating for another move up. If it does move up above the downward trending resistance line I have charted with a current price of $6.25, I may buy a Call option on the stock to attempt to hedge against the losses in the stock. And if the stock closes above $6.90, I will sell the stock to close off all of my paper trading. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Monday, March 22, 2010
Portfolio Update
Over the weekend I thought about my current track record with the trading strategies that I have been using. After careful thought, I have decided that I no longer need to post as frequently or as detailed if there is really not much to post about. So, unless I start to slip, I will only be posting changes to my portfolio. In those posts I will continue to explain my reasons for making the changes.
As of today, these are my current holdings. I am currently still in my optionable position with CPLP. I am currently waiting for CPLP to gain back value so that I may sell a Covered Call against it at a higher strike price. I have a 10 share position with EVEP which pays a fair dividend. I currently still hold an optionable position with the silver ETF, SLV. I also have an open Covered Call sold against those shares for the $18 strike price due to expire in April. I have 26 days until then.
As for my paper trades, I will also only be reporting on them if I make a change. I still "hold" an optionable position in ISPH. I also "hold" a Call option on S at the $3.50 strike price due to expire in May. With 61 days until expiration, I have plenty of time to wait and see what happens. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
As of today, these are my current holdings. I am currently still in my optionable position with CPLP. I am currently waiting for CPLP to gain back value so that I may sell a Covered Call against it at a higher strike price. I have a 10 share position with EVEP which pays a fair dividend. I currently still hold an optionable position with the silver ETF, SLV. I also have an open Covered Call sold against those shares for the $18 strike price due to expire in April. I have 26 days until then.
As for my paper trades, I will also only be reporting on them if I make a change. I still "hold" an optionable position in ISPH. I also "hold" a Call option on S at the $3.50 strike price due to expire in May. With 61 days until expiration, I have plenty of time to wait and see what happens. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Thursday, March 18, 2010
Portfolio Update
CPLP had a bearish day on less than average volume. The price movement was pretty much the same as yesterday. The Stochastic indicator is still going up, but the MACD has come down enough to contact its signal line. I see no reason to believe that the stock will be going up anytime soon, but I do believe that it will be going down soon.
EVEP had a bullish day on higher than average volume. The price movement was bearish after the open but eventually recovered enough to close higher. The Stochastic indicator is continuing to fall as well as the MACD indicator. The low was higher than the previous day suggesting the possibility of a of a bounce back up, but I don't believe that will be sustained.
SLV had an unchanged price on below average volume. The Stochastic indicator has reduced its decent but has yet to return back up. The MACD indicator is overlapping its signal line. I believe SLV will return to dropping in price and the Call option I sold will continue to be safe from being exercised.
My paper trades are as follows. ISPH had a slightly bullish day. The Call options I "sold" are doing well for me as the value I would have to "buy" them back for has not come back up. S had a very bullish day, increasing the value of the Call options I "bought." My AUO Call option is unchanged. My GLW Call options gained more today. Glad I waited to see what would happen. My GME option also gained value. My LEAP Call option lost a little value today. After analyzing all of the underlying stocks, I am going to "sell" the Call options for AUO, GLW, GME, and LEAP. That is significant profit from 22%-87%. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
EVEP had a bullish day on higher than average volume. The price movement was bearish after the open but eventually recovered enough to close higher. The Stochastic indicator is continuing to fall as well as the MACD indicator. The low was higher than the previous day suggesting the possibility of a of a bounce back up, but I don't believe that will be sustained.
SLV had an unchanged price on below average volume. The Stochastic indicator has reduced its decent but has yet to return back up. The MACD indicator is overlapping its signal line. I believe SLV will return to dropping in price and the Call option I sold will continue to be safe from being exercised.
My paper trades are as follows. ISPH had a slightly bullish day. The Call options I "sold" are doing well for me as the value I would have to "buy" them back for has not come back up. S had a very bullish day, increasing the value of the Call options I "bought." My AUO Call option is unchanged. My GLW Call options gained more today. Glad I waited to see what would happen. My GME option also gained value. My LEAP Call option lost a little value today. After analyzing all of the underlying stocks, I am going to "sell" the Call options for AUO, GLW, GME, and LEAP. That is significant profit from 22%-87%. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Wednesday, March 17, 2010
Portfolio Update
CPLP had a bearish day on less than average volume. The price movement was is adding to the sideways movement of the stock. I find it strange that the Stochastic indicator is still rising although the stock is not, but I am not surprised that the MACD is finally turning down toward it's signal line.
EVEP had a bearish day on much greater than average volume. The price movement was out of the ordinary, though. The price gaped down over a dollar a share and then after rising back up and then back down again even further it settled up for the day but down around the low of the previous day. The Stochastic indicator is in the overbought range but currently going down. The MACD indicator is also heading down. I perceive that the stock will be going down to about $30 a share if not a little further.
SLV had a bullish day on less than average volume. The price movement was not impressive at all, suggesting very little. The Stochastic indicator is still traveling down but has slowed a little. The MACD indicator, however, has pulled back up and is in contact with its signal line. Weighted with the price movement, this suggests a resistance to decline. This should be expected in the current price range of $16.50 and $17.50 as oscillation occurred here back in December. Future buy and selling would be wise just outside of this range depending on the position of direction of the technical indicators. My sold call option was unchanged and is still safe from being exercised against at this time.
Now for my paper trades. ISPH had a bearish day, which degrades the value of the shares I "own" but is preserving the premium of the call options I "sold" against them. S had a bullish day returning the value of the call options I "bought." It is currently at break even. My other paper trades, AUO, GLW, GME, and LEAP all had a bullish day. As a result the options I "bought" are all profitable right now. The only one I have significant concerns about is GLW as it is part of the construction industry sector and the Stochastic for the stock is in the overbought range and showing signs of weakness. Their is just under 40% appreciation in this position, which is significant enough to collect on, but the current bid and ask prices are higher than the current price. This suggests to me possible growth tomorrow that I want to wait and see for. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
EVEP had a bearish day on much greater than average volume. The price movement was out of the ordinary, though. The price gaped down over a dollar a share and then after rising back up and then back down again even further it settled up for the day but down around the low of the previous day. The Stochastic indicator is in the overbought range but currently going down. The MACD indicator is also heading down. I perceive that the stock will be going down to about $30 a share if not a little further.
SLV had a bullish day on less than average volume. The price movement was not impressive at all, suggesting very little. The Stochastic indicator is still traveling down but has slowed a little. The MACD indicator, however, has pulled back up and is in contact with its signal line. Weighted with the price movement, this suggests a resistance to decline. This should be expected in the current price range of $16.50 and $17.50 as oscillation occurred here back in December. Future buy and selling would be wise just outside of this range depending on the position of direction of the technical indicators. My sold call option was unchanged and is still safe from being exercised against at this time.
Now for my paper trades. ISPH had a bearish day, which degrades the value of the shares I "own" but is preserving the premium of the call options I "sold" against them. S had a bullish day returning the value of the call options I "bought." It is currently at break even. My other paper trades, AUO, GLW, GME, and LEAP all had a bullish day. As a result the options I "bought" are all profitable right now. The only one I have significant concerns about is GLW as it is part of the construction industry sector and the Stochastic for the stock is in the overbought range and showing signs of weakness. Their is just under 40% appreciation in this position, which is significant enough to collect on, but the current bid and ask prices are higher than the current price. This suggests to me possible growth tomorrow that I want to wait and see for. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Tuesday, March 16, 2010
Portfolio Update
CPLP had a bullish day on less than average volume. The price movement started out bearish but closed bullish for a small gain. The Stochastic and MACD indicators both moved up despite the actual lack of significant price movement. There will probably be further stagnation of the stock.
EVEP had a bullish day on less than average volume. The price movement started out bearish but closed bullish for a fair gain. The Stochastic indicator is still way overbought and actually climbed back above its signal line. The MACD indicator stayed near its signal line but didn't cross over it. This $33 level seems to be perpetuating a significant resistance level.
SLV had a very bullish day as it gaped up on below average volume. The price movement was bearish after the initial open but only by a few cents. The Stochastic indicator turned up toward its signal line but did not cross above it. The MACD indicator also turned up but did not cross above its signal line. Since the Stochastic is overbought, I am not currently inclined to believe that this out of the ordinary move is going to continue up toward or past the strike price of the call option I sold against my shares.
My paper trades where a mixture as usual. ISPH had a bearish day which reduced the value of my shares but depreciated the value of the call options is "sold" against them. S had a bearish day which depreciated the value of the options I "bought." AUO had a very bullish day but the lack of options trading against it prevented the value of the call option I "bought" from going up. GLW had a bullish day, returning some of the value to the call options I "bought." GME had a bearish day as it resists the opportunity to go above $20, causing a slight depreciation in the value of the call option I "bought." LEAP had a another moderately bullish day, but because of lack of option trading, the value of my call option is unchanged. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
EVEP had a bullish day on less than average volume. The price movement started out bearish but closed bullish for a fair gain. The Stochastic indicator is still way overbought and actually climbed back above its signal line. The MACD indicator stayed near its signal line but didn't cross over it. This $33 level seems to be perpetuating a significant resistance level.
SLV had a very bullish day as it gaped up on below average volume. The price movement was bearish after the initial open but only by a few cents. The Stochastic indicator turned up toward its signal line but did not cross above it. The MACD indicator also turned up but did not cross above its signal line. Since the Stochastic is overbought, I am not currently inclined to believe that this out of the ordinary move is going to continue up toward or past the strike price of the call option I sold against my shares.
My paper trades where a mixture as usual. ISPH had a bearish day which reduced the value of my shares but depreciated the value of the call options is "sold" against them. S had a bearish day which depreciated the value of the options I "bought." AUO had a very bullish day but the lack of options trading against it prevented the value of the call option I "bought" from going up. GLW had a bullish day, returning some of the value to the call options I "bought." GME had a bearish day as it resists the opportunity to go above $20, causing a slight depreciation in the value of the call option I "bought." LEAP had a another moderately bullish day, but because of lack of option trading, the value of my call option is unchanged. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Friday, March 12, 2010
Portfolio Update
CPLP had a bullish day on better than average volume. The price movement saw a large dip but recovered and gained some before the close. The Stochastic and MACD indicators both gained grown. The stagnant position seems to be continuing and believe it will continue until next week.
EVEP had a bearish day on below average volume. The price movement attempted to go higher but completely collapsed creating a lower low before working it's way back up to $32.50. This is a pivotal day for the stock as the Stochastic indicator has been overbought for a while. The MACD reacted to the negative change in price by not moving up at all. I think the pull pack is occurring now or at least will be a very stagnant trend for a stretch of time.
SLV had a bearish day on below average volume. The price movement started higher but could not maintain any gains. It eventually pulled back below high of yesterday but closed a little under it. The Stochastic and MACD indicators both averaged this out into a decrease in momentum. The most likely future behavior seems to be an oscillation between $16.50 and $17.50 a share.
My paper trading saw some depreciation with partial appreciations. ISPH had a bullish day after some bearish trading through the day. I the Call options I "sold" on it are still safe for now. S was bearish and as a result the Call options I "bought" saw a decline a lot greater than expected. It is currently at a resistance level so I am not totally surprised. I will give it another trading day at least. My AUO Call option didn't depreciate any so I will give it a chance to redeem itself. My GLW Call options did depreciate a little bit more, but the chart looks suspicious. To me it looks like a potential "fake out" I want to give them another day. My GME Call option also had a bearish day but only after moving higher first, so the loss was minimal. I will be giving it another day. My LEAP Call option was again unchanged but this time as the underlying stock had a bearish day. Overall my paper trades are seeing profit, I think I am in a good position with time to watch. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
EVEP had a bearish day on below average volume. The price movement attempted to go higher but completely collapsed creating a lower low before working it's way back up to $32.50. This is a pivotal day for the stock as the Stochastic indicator has been overbought for a while. The MACD reacted to the negative change in price by not moving up at all. I think the pull pack is occurring now or at least will be a very stagnant trend for a stretch of time.
SLV had a bearish day on below average volume. The price movement started higher but could not maintain any gains. It eventually pulled back below high of yesterday but closed a little under it. The Stochastic and MACD indicators both averaged this out into a decrease in momentum. The most likely future behavior seems to be an oscillation between $16.50 and $17.50 a share.
My paper trading saw some depreciation with partial appreciations. ISPH had a bullish day after some bearish trading through the day. I the Call options I "sold" on it are still safe for now. S was bearish and as a result the Call options I "bought" saw a decline a lot greater than expected. It is currently at a resistance level so I am not totally surprised. I will give it another trading day at least. My AUO Call option didn't depreciate any so I will give it a chance to redeem itself. My GLW Call options did depreciate a little bit more, but the chart looks suspicious. To me it looks like a potential "fake out" I want to give them another day. My GME Call option also had a bearish day but only after moving higher first, so the loss was minimal. I will be giving it another day. My LEAP Call option was again unchanged but this time as the underlying stock had a bearish day. Overall my paper trades are seeing profit, I think I am in a good position with time to watch. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Thursday, March 11, 2010
Portfolio Update
CPLP had a bullish day on less than average volume. The price movement was solid but not nearly strong enough to reach higher than yesterday's open. The Stochastic indicator reacted favorably to the price movement and crossed above it's signal line. The MACD indicator moved higher above it's signal line, as well. This is looking like no more than a slight pull back.
EVEP had a bullish day on less than average volume. The price movement was solid and advanced slightly higher than expected but not by much. The Stochastic is still holding steady at it's overbought price and the MACD indicator is continuing to extend higher. I am still sceptical that it will advance any extraordinary amount above it's current price. A pull back is due.
SLV had a bullish day on less than average volume. The price movement was solid but only advanced slightly higher than the previous day's close. As a result both the Stochastic and MACD indicators are still pointing down and are below their signal lines. I believe further pulling back is probable although it may just oscillate below the $17.50 range for a little while.
My paper trades saw some potential profit today. ISPH went up today for the third day in a row since the release of their earnings. As a result the shares I "own" are now making profit, but the option I "sold" against it will eat into that if I have to "buy" it back in order to save my shares. I will not be "buying" it back because if it does get "exercised" it will only be closing a profitable transaction since the strike price of the option I "sold" is above the price I "bought" the stock. S had a bullish day but not strong enough to increase the value of the option I "own". My AUO and GLW options had bearish days, and are looking like potential flops. I will "sell" them if they do not turn around, or at least stop going down. MY GME option had a bullish day but the LEAP option was stagnant in it's price movement, holding on to it's current gains. The market's are holding strong, but are very overbought and due for a pull back. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
EVEP had a bullish day on less than average volume. The price movement was solid and advanced slightly higher than expected but not by much. The Stochastic is still holding steady at it's overbought price and the MACD indicator is continuing to extend higher. I am still sceptical that it will advance any extraordinary amount above it's current price. A pull back is due.
SLV had a bullish day on less than average volume. The price movement was solid but only advanced slightly higher than the previous day's close. As a result both the Stochastic and MACD indicators are still pointing down and are below their signal lines. I believe further pulling back is probable although it may just oscillate below the $17.50 range for a little while.
My paper trades saw some potential profit today. ISPH went up today for the third day in a row since the release of their earnings. As a result the shares I "own" are now making profit, but the option I "sold" against it will eat into that if I have to "buy" it back in order to save my shares. I will not be "buying" it back because if it does get "exercised" it will only be closing a profitable transaction since the strike price of the option I "sold" is above the price I "bought" the stock. S had a bullish day but not strong enough to increase the value of the option I "own". My AUO and GLW options had bearish days, and are looking like potential flops. I will "sell" them if they do not turn around, or at least stop going down. MY GME option had a bullish day but the LEAP option was stagnant in it's price movement, holding on to it's current gains. The market's are holding strong, but are very overbought and due for a pull back. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Wednesday, March 10, 2010
Portfolio Update
CPLP had a bearish day on slightly greater than average volume. The price movement started higher and fell all day with a slight recovery. The Stochastic indicator was already heading down and moved down lower. On the other hand, the MACD indicator was going up but turned back down and contacted it's signal line. Stagnation seems to be continuing for this stock.
EVEP had a bullish day on slightly less than average volume. The price movement was opened where it closed the day before, but had strong bullish movement all the way to the closing bell. Because of being in the overbought condition for such a long time, the Stochastic indicator has actually dropped below it's signal line. The MACD indicator does not have the same averaging effect so it has continued to climb. This is about the highest that this stock has been for a while. I personally didn't think it would reach this high again, but I am not changing my opinion that it will probably not extend above this level, or at least will not remain above it for any extended amount of time.
SLV had a bearish day on greater than average volume. The price movement started higher and extended higher, but collapsed to the close near the low of the previous day. On this day, the Stochastic and MACD indicators have crossed below their signal lines. I believe it will not extend any higher than $17.50 a share for some time, at best. I am inclined to believe that it will fall to around $16.
My paper trades are looking more promising. ISPH had a bullish day with a very wide price range. As a result of the bullish move the price of the call option I sold against my shares has lost some of it's value. To "buy" it back at this time would result in a $4 loss. It is wiser to let it continue as is. Either I will profit after it is "exercised" or will be able to "sell" more options after the current ones expire. S gained a little value today and my Call options profited as a result. My options on AUO, GLW, GME, and LEAP were all unchanged but the underlying stocks are still likely to climb, so the options are also. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
EVEP had a bullish day on slightly less than average volume. The price movement was opened where it closed the day before, but had strong bullish movement all the way to the closing bell. Because of being in the overbought condition for such a long time, the Stochastic indicator has actually dropped below it's signal line. The MACD indicator does not have the same averaging effect so it has continued to climb. This is about the highest that this stock has been for a while. I personally didn't think it would reach this high again, but I am not changing my opinion that it will probably not extend above this level, or at least will not remain above it for any extended amount of time.
SLV had a bearish day on greater than average volume. The price movement started higher and extended higher, but collapsed to the close near the low of the previous day. On this day, the Stochastic and MACD indicators have crossed below their signal lines. I believe it will not extend any higher than $17.50 a share for some time, at best. I am inclined to believe that it will fall to around $16.
My paper trades are looking more promising. ISPH had a bullish day with a very wide price range. As a result of the bullish move the price of the call option I sold against my shares has lost some of it's value. To "buy" it back at this time would result in a $4 loss. It is wiser to let it continue as is. Either I will profit after it is "exercised" or will be able to "sell" more options after the current ones expire. S gained a little value today and my Call options profited as a result. My options on AUO, GLW, GME, and LEAP were all unchanged but the underlying stocks are still likely to climb, so the options are also. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Tuesday, March 9, 2010
Portfolio Update
CPLP had a bearish day on less than average volume. The price movement was small but left the Stochastic and MACD indicators practically unaffected. Nothing more to really say about it at present.
EVEP had a slightly bullish day on less than average volume. The price movement was larger than the end of day change. The Stochastic indicator is practically unchanged as it's signal line contacts it. The MACD indicator still climbed but is weakening. It is my opinion that EVEP has topped out.
SLV had a bullish day on less than average volume. The price movement originated much lower and pushed it's way back up. The Stochastic indicator moved up slightly, but is in the overbought range. The MACD indicator appears unchanged. With higher-highs now becoming lower-highs, this is a definite pivot back down. With so many indicators in the overbought range, it is my opinion that my sold call option is secure from being exercised through the next option expiration.
My paper trades saw some ups today. ISPH had a 4Q financials inspired bull rally today with my "sold" call options against my shares at a strike price 70 cents over my entry, I don't see it being exercised against since the technicals have just recently dropped out of the over bought range. I perceive the stock doing no more than challenging the top. S finally broke through a declining trend line, but now has a resistance level to break through. As a result, the call options I "bought" are now indicating profit. Yesterday I "purchased" a few more call options. Of them, GLW and LEAP made profit while AUO was unchanged and GME slipped back a little. The stagnation of AUO and drop of GME seems to only be a temporary event in my opinion. I will continue to hold for now. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
EVEP had a slightly bullish day on less than average volume. The price movement was larger than the end of day change. The Stochastic indicator is practically unchanged as it's signal line contacts it. The MACD indicator still climbed but is weakening. It is my opinion that EVEP has topped out.
SLV had a bullish day on less than average volume. The price movement originated much lower and pushed it's way back up. The Stochastic indicator moved up slightly, but is in the overbought range. The MACD indicator appears unchanged. With higher-highs now becoming lower-highs, this is a definite pivot back down. With so many indicators in the overbought range, it is my opinion that my sold call option is secure from being exercised through the next option expiration.
My paper trades saw some ups today. ISPH had a 4Q financials inspired bull rally today with my "sold" call options against my shares at a strike price 70 cents over my entry, I don't see it being exercised against since the technicals have just recently dropped out of the over bought range. I perceive the stock doing no more than challenging the top. S finally broke through a declining trend line, but now has a resistance level to break through. As a result, the call options I "bought" are now indicating profit. Yesterday I "purchased" a few more call options. Of them, GLW and LEAP made profit while AUO was unchanged and GME slipped back a little. The stagnation of AUO and drop of GME seems to only be a temporary event in my opinion. I will continue to hold for now. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Monday, March 8, 2010
Portfolio Update
CPLP had a slightly bullish day on less than average volume. The price movement was minimal but the Stochastic indicator has slowed down it's decent some more, while the MACD indicator has increased it's incline. It is not yet the time for me to sell a call against my shares.
EVEP had a bullish day on less than average volume. The price movement was better than average as it opened with a gap up and closed even higher. The Stochastic indicator is already in the overbought range, but the MACD indicator has increased it's upward slope. The current resistance is $32.50, but it might break that before coming back down.
SLV had a bearish day on less than average volume. The price movement was negative after opening higher. With the Stochastic indicator in the overbought range and the MACD indicator at levels it has seen before and showing weakness, the ETF could be putting in a top for this run.
My paper trades appear to be going as planned now. ISPH had a bearish day, which is okay as the Call options I "sold" against the shares is becoming more secure against being exercised. S had a really bullish day, yet didn't finish as high as it had gone. However, the Call options I "bought" regained value a good amount of their value and look promising for further gains.
I am watching a few stocks to see if they are ready to be placing Puts against. A few of them are MED, DWA, and PLL. I don't think they are ready yet. I do, however, have a few Call options to add. They are GME, GLW, LEAP, and AUO. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
EVEP had a bullish day on less than average volume. The price movement was better than average as it opened with a gap up and closed even higher. The Stochastic indicator is already in the overbought range, but the MACD indicator has increased it's upward slope. The current resistance is $32.50, but it might break that before coming back down.
SLV had a bearish day on less than average volume. The price movement was negative after opening higher. With the Stochastic indicator in the overbought range and the MACD indicator at levels it has seen before and showing weakness, the ETF could be putting in a top for this run.
My paper trades appear to be going as planned now. ISPH had a bearish day, which is okay as the Call options I "sold" against the shares is becoming more secure against being exercised. S had a really bullish day, yet didn't finish as high as it had gone. However, the Call options I "bought" regained value a good amount of their value and look promising for further gains.
I am watching a few stocks to see if they are ready to be placing Puts against. A few of them are MED, DWA, and PLL. I don't think they are ready yet. I do, however, have a few Call options to add. They are GME, GLW, LEAP, and AUO. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Thursday, March 4, 2010
Portfolio Update
CPLP had a bullish day on less than average volume, but only because its open occurred after a gap up and did not close below the previous day's close. The price movement did not affect the Stochastic indicators downward trajectory, but the MACD indicator continued it's upward turn to contact its signal line. Considering that my attempt at selling a call option against my shares at the current price has failed due to lack of interest. I will wait for it to gain some more value, if that is what it is doing and attempt again when it looks like it will be pivoting down again.
EVEP had a bearish day on less than average volume after opening higher. The price movement is now affecting both the Stochastic and MACD indicators. The Stochastic is beginning to stall out and the MACD is starting to turn down. I don't see the stock going up in value in the immediate future. I wish I had more skin in the game with this stock as I would sell a call option against it at the $30 level as I believe it will actually go drop below that strike price before option expiration.
SLV had a bearish day on less than average volume after opening higher. The price movement is affecting the Stochastic and MACD indicators but not drastically. The Stochastic has stalled but the MACD has only slowed down. From here it looks like it will stall out or drop for the immediate future. It is at this time that I should have sold the call option against the shares, but I will be content with the price I did sell it at and wait for the next opportunity to sell against it if it stalls out and drops as I am expecting it to.
My paper trades are looking relatively poor, with one exception. S had a down day, which doesn't benefit my Call on the stock at all. In fact, it actually negatively impacts it. The stock still looks like it is getting ready to rise and I have plenty of time on the option, so I will wait a little bit longer. ISPH had a bearish day, also. But the good news is that I have a sold call recorded against my ISPH shares. This benefits me in that the premium I sold it for continues to stay in my pocket as long as I don't "buy" it back before option expiration. The catch to that is that I am betting the value of my shares at a higher strike price that it will stay lower. I am feeling confident that ISPH will not reach the strike price I "sold" the option for. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
EVEP had a bearish day on less than average volume after opening higher. The price movement is now affecting both the Stochastic and MACD indicators. The Stochastic is beginning to stall out and the MACD is starting to turn down. I don't see the stock going up in value in the immediate future. I wish I had more skin in the game with this stock as I would sell a call option against it at the $30 level as I believe it will actually go drop below that strike price before option expiration.
SLV had a bearish day on less than average volume after opening higher. The price movement is affecting the Stochastic and MACD indicators but not drastically. The Stochastic has stalled but the MACD has only slowed down. From here it looks like it will stall out or drop for the immediate future. It is at this time that I should have sold the call option against the shares, but I will be content with the price I did sell it at and wait for the next opportunity to sell against it if it stalls out and drops as I am expecting it to.
My paper trades are looking relatively poor, with one exception. S had a down day, which doesn't benefit my Call on the stock at all. In fact, it actually negatively impacts it. The stock still looks like it is getting ready to rise and I have plenty of time on the option, so I will wait a little bit longer. ISPH had a bearish day, also. But the good news is that I have a sold call recorded against my ISPH shares. This benefits me in that the premium I sold it for continues to stay in my pocket as long as I don't "buy" it back before option expiration. The catch to that is that I am betting the value of my shares at a higher strike price that it will stay lower. I am feeling confident that ISPH will not reach the strike price I "sold" the option for. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Thursday, February 25, 2010
Portfolio Update
CPLP had a slightly bullish day after a bearish open on less than average volume. The price movement was small and not enough to turn the Stochastic and MACD indicator back up. Further decline is more likely.
EVEP had a bullish day on below average volume. The price movement was fairly average and started under yesterday's close. This didn't affect the upward direction of the Stochastic and MACD indicators. My first instinct is that it is loosing strength and will be pulling back.
SLV had a very bullish day on below average volume. The price movement was very aggressive but only after starting well below the low of the past two trading days. The Stochastic and MACD indicators reacted positively to this by rising. I believe that if this is the next rally, it should go to about $16.50.
My paper trades saw a mixture of news. S had a positive day, as was anticipated, and as a result my call option on it rose a little bit. More days like this are required. ISPH, however, had another bearish day as was expected. Fortunately for me, that is a good thing in a small way since I am recorded the sale of call options against my paper position. That give me money in the pocket as long as it continues to go down as is being expected. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
EVEP had a bullish day on below average volume. The price movement was fairly average and started under yesterday's close. This didn't affect the upward direction of the Stochastic and MACD indicators. My first instinct is that it is loosing strength and will be pulling back.
SLV had a very bullish day on below average volume. The price movement was very aggressive but only after starting well below the low of the past two trading days. The Stochastic and MACD indicators reacted positively to this by rising. I believe that if this is the next rally, it should go to about $16.50.
My paper trades saw a mixture of news. S had a positive day, as was anticipated, and as a result my call option on it rose a little bit. More days like this are required. ISPH, however, had another bearish day as was expected. Fortunately for me, that is a good thing in a small way since I am recorded the sale of call options against my paper position. That give me money in the pocket as long as it continues to go down as is being expected. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Wednesday, February 24, 2010
Portfolio Update
CPLP had a bearish day on less than average volume. The price movement started higher but fell through the day. The Stochastic and MACD indicators are being dragged down as a result. I really want to sell an option against my stock but the next strike price is under the current price.
EVEP had a bullish day on less than average volume. The price movement started lower and climbed through the day. The Stochastic and MACD indicators continued to rise as a result. I think it is wise to hold on still.
SLV had a bullish day on less than average volume. The price movement started lower and climbed slightly through the day. The Stochastic indicator still slowed down a little, but the MACD stopped it's pull back and when sideways. The low of the day was higher than yesterday so this could be the end of a pull back and the return of the upward move.
As for my paper trades, all of the stocks I pulled out of yesterday attempted to recover today. Only OPWV did not succeed at making any gains. My call option on S is continuing to be a looser, but I am expecting a change to occur soon. And my stock of ISPH is looking like it will not be gaining back any more value. I am recording the sale of two call options against the position. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
EVEP had a bullish day on less than average volume. The price movement started lower and climbed through the day. The Stochastic and MACD indicators continued to rise as a result. I think it is wise to hold on still.
SLV had a bullish day on less than average volume. The price movement started lower and climbed slightly through the day. The Stochastic indicator still slowed down a little, but the MACD stopped it's pull back and when sideways. The low of the day was higher than yesterday so this could be the end of a pull back and the return of the upward move.
As for my paper trades, all of the stocks I pulled out of yesterday attempted to recover today. Only OPWV did not succeed at making any gains. My call option on S is continuing to be a looser, but I am expecting a change to occur soon. And my stock of ISPH is looking like it will not be gaining back any more value. I am recording the sale of two call options against the position. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Tuesday, February 23, 2010
Portfolio Update
CPLP had a bearish day on ten times average volume. It opened with a huge gap down but eventually closed slightly higher. The price movement caused the Stochastic indicator to slow down and the MACD to sharply turn down. Looking at the news, it appears the drop was based on CPLP liquidating the stock to make an acquisition of a medium range product tanker vessel. The fundamentals are still good, so far, so I am going to continue to hold. I would have like to sell an option against it the day before but my lack of attention towards the news is the cause of my failure.
EVEP had a bearish day on less than average volume. The price movement was small and just below the yesterday's meager price movement. The Stochastic indicator barely slowed down, but the MACD indicator is showing an obvious slow down. A small pull back seems most likely. Maybe as far as $29 or a little under.
SLV had a bearish day on less than average volume. The price movement was started off with a gap down and continued to slide a little more. There will probably be a little more pulling back but I don't think it will be pulling back a lot more.
As for my paper trades, there was a lot of red and as a result there is a lot of cutting off occurring as well. JADE had a bearish day and I am selling off all of my positions to take my $12 gain on the stock and $30 gain on the call option. JPM had a bearish day and I am selling off all of my positions to take my $4 gain on the stock and $20 loss on the call option. S also had a bearish day, but long term seems to have a good chance of regaining much of the loss back, I am holding on to the call option for a little while longer. I suspect I will sell it sometime next week. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
EVEP had a bearish day on less than average volume. The price movement was small and just below the yesterday's meager price movement. The Stochastic indicator barely slowed down, but the MACD indicator is showing an obvious slow down. A small pull back seems most likely. Maybe as far as $29 or a little under.
SLV had a bearish day on less than average volume. The price movement was started off with a gap down and continued to slide a little more. There will probably be a little more pulling back but I don't think it will be pulling back a lot more.
As for my paper trades, there was a lot of red and as a result there is a lot of cutting off occurring as well. JADE had a bearish day and I am selling off all of my positions to take my $12 gain on the stock and $30 gain on the call option. JPM had a bearish day and I am selling off all of my positions to take my $4 gain on the stock and $20 loss on the call option. S also had a bearish day, but long term seems to have a good chance of regaining much of the loss back, I am holding on to the call option for a little while longer. I suspect I will sell it sometime next week. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Saturday, February 20, 2010
Paper Trade Evaluation and Changes
In my post yesterday I said that I would reveal what I was going to do with JADE, JPM, and OPWV later. This is later. But before I go on, I must mention a correction to my previous posts from February 13th to February 19th. In those posts I continued to mention a paper trade involving S after I had clearly stated in the February 12th post that I was closing that position. For that inaccuracy I apologies. However, considering the price movement of the past three days and the confirmation of the Stochastic and MACD indicators, I am opening an option position of 2 contract shares for S at the Friday asking price of 0.41.
Now, as for JADE, JPM and OPWV, I am going to hold on to them for another trading day. There just isn't enough confirmation about the direction of these stocks and the JADE and JPM options for me to make a prognostication about a change of direction. For instance, although this is JADE's second down day, it's actual price movement was bullish after it gaped down. This suggests to me that investors see the current price as a bargain. The last trading day for JPM and OPWV were bearish but only after putting in new highs for this current leg of trading. Over all, there is no confirmation of a turn down just yet, so I will wait until after Monday. By then I should have a better idea. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Now, as for JADE, JPM and OPWV, I am going to hold on to them for another trading day. There just isn't enough confirmation about the direction of these stocks and the JADE and JPM options for me to make a prognostication about a change of direction. For instance, although this is JADE's second down day, it's actual price movement was bullish after it gaped down. This suggests to me that investors see the current price as a bargain. The last trading day for JPM and OPWV were bearish but only after putting in new highs for this current leg of trading. Over all, there is no confirmation of a turn down just yet, so I will wait until after Monday. By then I should have a better idea. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Wednesday, February 17, 2010
Portfolio Update
CPLP had a bullish day on less than average volume. The price movement was wide enough to turn the Stochastic indicator back up after a dip. The MACD indicator was still pointing up, so I think the stock may be going back up from this point.
EVEP had a a bullish day on slighty better than average volume. The price movement was great enough to turn the stochastic indicator back up and through it's signal line. The MACD indicator was still moving up, so continued bullish activity is most likely.
SLV had a bearish day on less than average volume. The price movement was not as great as it was the day before and it was a decline after a initial gap up. The Stochastic and MACD indicators are still moving up, so continued bullish activity is still likely.
My paper trades saw more green than red today. The only ones that were down were the JPM call option and the JPM and ISPH stock. Their price movements were shallow and near the top of yesterday's price movement. As a result their Stochastic and MACD indicators continued to point up. My concern for S is still valid as its bullish price movement was narrow but was still near the top of the price movement of yesterday. I see it as a continuing sideways and unless there is a significant pop or drop soon. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
EVEP had a a bullish day on slighty better than average volume. The price movement was great enough to turn the stochastic indicator back up and through it's signal line. The MACD indicator was still moving up, so continued bullish activity is most likely.
SLV had a bearish day on less than average volume. The price movement was not as great as it was the day before and it was a decline after a initial gap up. The Stochastic and MACD indicators are still moving up, so continued bullish activity is still likely.
My paper trades saw more green than red today. The only ones that were down were the JPM call option and the JPM and ISPH stock. Their price movements were shallow and near the top of yesterday's price movement. As a result their Stochastic and MACD indicators continued to point up. My concern for S is still valid as its bullish price movement was narrow but was still near the top of the price movement of yesterday. I see it as a continuing sideways and unless there is a significant pop or drop soon. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Tuesday, February 16, 2010
Portfolio Update
CPLP had a bearish day on less than average volume. The price movement had a lot of trading action below the open but made it back near to the open. The technical indicators are in disagreement with each other. The Stochastic indicator has already turned down below its signal line and the MACD indicator is holding above its signal line but showing weakness. I don't have confidence that it will be moving up in the near future, but I don't think it will be dropping below its lowest low this year-to-date.
EVEP had a bullish day on slightly better than average volume. The price movement was actually bearish as it lost cent after gaping up a little, but it filled the gap during the day. The technical indicators are suggesting that the price movement wasn't enough to disturb the current averaging. The Stochastic indicator, which had been on a decline, is starting to turn up and the MACD indicator is not pointing upward and is above its signal line. I think there is going to be some up-side gains for this stock in the near future if it starts to pick up some momentum.
SLV had a bullish day on slightly better than average volume. The price movement was strong enough that it broke through and stayed above resistance after a slight gap up. The Stochastic and MACD indicators are both pointing up strongly so I have an expectation of gains. I am looking for it to break above $16.50 before the end of this week and then to $17.50 by the end of next week.
As for my paper trades, most of them are looking much better. Only the JPM call option, S and ISPH stocks are in the red still. Out of those three, only S is looking sad. The price movement was slightly negative and the technical indicators continued to drop as the dive of last week gets averaged in. I need to be watching JADE, JPM, OPWV, and PCS so that I get out with as much of my shirt as possible this time. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
EVEP had a bullish day on slightly better than average volume. The price movement was actually bearish as it lost cent after gaping up a little, but it filled the gap during the day. The technical indicators are suggesting that the price movement wasn't enough to disturb the current averaging. The Stochastic indicator, which had been on a decline, is starting to turn up and the MACD indicator is not pointing upward and is above its signal line. I think there is going to be some up-side gains for this stock in the near future if it starts to pick up some momentum.
SLV had a bullish day on slightly better than average volume. The price movement was strong enough that it broke through and stayed above resistance after a slight gap up. The Stochastic and MACD indicators are both pointing up strongly so I have an expectation of gains. I am looking for it to break above $16.50 before the end of this week and then to $17.50 by the end of next week.
As for my paper trades, most of them are looking much better. Only the JPM call option, S and ISPH stocks are in the red still. Out of those three, only S is looking sad. The price movement was slightly negative and the technical indicators continued to drop as the dive of last week gets averaged in. I need to be watching JADE, JPM, OPWV, and PCS so that I get out with as much of my shirt as possible this time. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Friday, February 12, 2010
Portfolio Update
CPLP had a bearish day on less than average volume. The price movement was narrower than usual, but still had a long lower shadow. The result is that the Stochastic indicator started to drift down while the MACD indicator has continued to go up. It will probably stay between this and the most recent low.
EVEP had a bullish day on less than average volume. The price movement was identical to yesterday so as a result the Stochastic indicator is still drifting down, while the MACD indicator has turned up and is in contact with it's signal line. This looks like early October 2009 movement in this stock so it will probably continue to go up for a little while.
SLV had a bearish day on less than average volume, but the price movement was bullish. As a result the Stochastic and MACD indicators are both still pointing upward. I think this was a momentary stall in it's upward move.
As for my paper trades, there was a mixture in movement. JADE, OPWV, and PCS had a bullish day. However, JPM, S and ISPH had a bearish day. S had the bearish day of them all. It has even affected it's Stochastic and MACD indicators causing the Stochastic indicator turn down and the MACD to drop more. As a result I am closing this position with a loss of about 14%. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
EVEP had a bullish day on less than average volume. The price movement was identical to yesterday so as a result the Stochastic indicator is still drifting down, while the MACD indicator has turned up and is in contact with it's signal line. This looks like early October 2009 movement in this stock so it will probably continue to go up for a little while.
SLV had a bearish day on less than average volume, but the price movement was bullish. As a result the Stochastic and MACD indicators are both still pointing upward. I think this was a momentary stall in it's upward move.
As for my paper trades, there was a mixture in movement. JADE, OPWV, and PCS had a bullish day. However, JPM, S and ISPH had a bearish day. S had the bearish day of them all. It has even affected it's Stochastic and MACD indicators causing the Stochastic indicator turn down and the MACD to drop more. As a result I am closing this position with a loss of about 14%. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
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