Portfolio Update: Added to a position

Today I report that I added to my position of T. The price of the purchase was at $34.85. My expectation is for the price to break out over $35 as that has been a short term resistance. The risk is that it may fall below $34.50 which is a short term support.

That's my opinion. What's yours? Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

T - AT&T Inc

Portfolio Update: Back in the Game

Hello, World! I'm back after a long hiatus. My situation has settled down, so now I have the liquidity to make some trades, and therefore posts. And for my first trade I purchased shares of BGS at $29.45, rounding up the fractional cents.

While I've been away I've still been watching my positions and the fundamentals are still good for all of my dividend scheduled positions (BGS, CNK, ETP, JNJ, MCD, PEP, PG, T) except one,  AGNC. AGNC is just OK, but the dividend and placement in my dividend schedule makes it hard to give up on it.

Regarding the charts, the price of BGS has come down to levels where the buy price is low and I can get more shares for my money. This increases my dividend payouts by giving me a higher dividend multiplier. With an increased dividend payout, I can also increase my reinvestment over a shorter period of time until the account becomes self-funding. And that is the ultimate goal. Have the account pay me and not me paying into it.

That's my opinion. What's yours? Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

AGNC - American Capital Agency Corp
BGS - B&G Foods Inc
CNK - Cinemark Holdings Inc
ETP - Energy Transfer Partners LP
JNJ - Johnson & Johnson
MCD - McDonald's Corp
PEP - PepsiCo Inc
PG - Procter & Gamble Co
T - AT&T Inc

Portfolio Update: Change of Situation Resulting in a Change of Plans

My situation has changed and so must my financial plans. Currently I have to liquidate some funds, so on Thursday the 24th I put in orders to sell my loosing positions, AGNC, GLD, and TLT. On the same day, all three orders executed and I have the following report to make.

My GLD order executed at $129.41.

My TLT order executed at $108.63.

My AGNC order executed at $24.05.

That's my opinion. What's yours? Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

AGNC - American Capital Agency Corp
GLD - SPDR Gold Trust
TLT - iShares 20+ Year Treasury

Portfolio Update: Added to an Existing Position

On Monday, August 12th, I added to my existing position of T. My reason for that was because I believe the price to be in the right range for a purchase. Here is how I came to that conclusion.

Fundamentally T is a top rated telecom with high growth, EPS, and revenue with the expectation of continued growth in the coming years. In addition, it has a very attractive yield that, at the time of this post, was above 5%.

The stock has pulled back more than 10% from its 52-week high of 39 USD made on April 23rd. The stock has also created two short term tops on June 13th and July 17th, putting a resistance just below 36.50 USD. At the same time the stocks price has approached and seems to be bouncing away from the upward trend line I charted for it from January 18th through June 21st. As far as other technical indicators, the daily and weekly stochastic and MACD indicators (which are trailing and confirmation indicators) both show that the stock is becoming oversold. Instead of waiting for confirmation, I chose to pull the trigger now for what I think is the lowest price I will possibly get this time around.

Not having a lot of excess cash available I purchased all that I could. It is my belief that this should turn out to be one of my better timed purchases. If not, I still plan on buying more if more funds become available and T remains in this setup. That's my opinion. What's yours? Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

EPS - earnings per share
MACD - moving average convergence divergence
T - AT&T Inc
USD - United States Dollar

Portfolio Update: Continuing the Plan

Since my last portfolio update in June 2013, I have been collecting dividends from my investments and waiting for my next opportunity. Friday, August 2, 2013 was my opening. On that day I BTO an additional 5 shares of AGNC. Doing so has three benefits.

The first is that it reduced my cost average of my position in AGNC. The second is that it brings me closer to an option eligible lot size. And third, it puts me in a position with an increased dividend payout for the next distribution. It is my belief that the stock has bottomed and that a reversal is possible at this price. That's my opinion. What's yours?

Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

AGNC - American Capital Agency Corp
BTO - bought-to-open / buy-to-open

Repost of "My $DELL chart analysis for July 8, 2013"

I posted this on my Facebook fan page BJLB Enterprises. To get a little more exposure I am also posting it here. Enjoy!

My $DELL chart analysis for July 8, 2013

Here is my analysis on $DELL. In regards to the news, there is murkiness because of the buyout noise between Carl Icahn and Michael Dell. I don't like to speculate because of that. However, the chart is interesting.

On the daily chart we have a gap down on April 19th that has since been a ceiling of resistance (indication of a move setup). It has breached $13.50 a few times since April and significantly on June 18th, but has not closed above that with strength. On the 5th of July it plunged below $13 but closed above, created a long tail that is over 100% the length of the body (bullish indicator). Today it had a bullish day in which it closed above many of the consolidated moving averages (8ema,13ema,20sma,50sma). This is support for the previously mentioned bullish indicator.

Now I would like to mention the off chart technical indicators. All three of the daily ones that I am showing here (top to bottom: slow stochastic, MACD, ADX) indicate that $DELL has consolidated in oversold territory and is ready for a reversal. The next two weekly ones that I am showing here (top to bottom: slow stochastic, and MACD) also indicate that $DELL has consolidated in oversold territory and is ready for a reversal.

My hypothesis is this, if $DELL breaks above $13.50 tomorrow (Tuesday, this years hotest day to trade on average), I believe a safe first target will be $14.00, followed by the 52-week high around $14.50. Because of the buyout talk, I don't want to make a long term trade or investment in $DELL. 'Cloudy its future is.' (So Yoda would say.)

That's my opinion. What's yours? Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

Portfolio Update: Successful Option Trade.

My last option trade was a success. On Friday, June 14th, I STC the $35 August 17 2013 Calls I purchased 8 days before. My plan was to sell at a specific price after the underlying stock, BGS, reached above $32. Even though it had breached $32 the day prior, it didn't hit my price until the 14th. The result of the trade was nearly a 200% profit after commission. As of this post BGS is still going up and the option value is going up as well. But as the expression goes, "No one ever got hurt taking a profit."

I believe that BGS may continue to go up for another dollar, but I believe I got out at a good price. I am expecting that BGS will come back down to about $28.75-$29.25. I want to then BTO stock or attempt to trade options on it once again. I haven't yet decided. That's my opinion. What's yours? Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

BGS - B&G Foods Inc.
BTO - buy-to-open / bought-to-open
STC - sell-to-close / sold-to-close