I’m at an interesting position in my Crystallex (AMEX:KRY) trading. I’m thinking of making a $3 to $3.50 trade on the stock. I still own a core position, which is sitting tight until permit time.
Okay, I’ve setup the trade. Bought 1500 shares at $3.02 with a tight stop at $2.96. With a target of $3.40, I’m risking 6 cents a share with a chance to make 39 cents a share, or 6.5x my risk.
Some people look at PE ratios, cash flows, and so on. I try to find the small details, small things that have big ramifications (1,2,3).
Today many of the leaders that the West dislikes met in a single place. The fact that most of the South American leaders were in Ecuador was not a surprise. What is a surprise is that Iran’s Mahmoud Ahmadinejad was there.
This is one of those things that we as investors need to keep an eye on. I asked my sister what this means, and she said two things:
For me it means we better get our butts into gear regarding alternative fuels! Alternative fuels is the only solution to keep OPEC at bay. I figure we have some leeway, but not much. I also figure IF something comes out of this meeting and if volatility returns to oil we are in for massive stock sell-off.
I was reading Jason’s posting and forum entry was thinking…
“Yeah, commissions stink. With the E*Trade account, my net loss was ($629). I paid $441 in commissions.
I have thought numerous times about moving to another broker for commissions, but I’m really happy with how E*Trade has treated me otherwise. As my account size grows, the commission cost will become a smaller part of my gains/losses.”
Why are people paying more than they should? I really don’t understand it. It’s as if people enjoy throwing money out the window. My mother is in the same boat. She traders with Ameritrade, and BlueMax, and these companies are ripping you off.
Let me give an example:
The iPhone is stirred up controversy and there are people on both sides of the fence. The iPhone nags at me as being a lesson in how you can fool people by marketing.
Now I found the reason why I had this nagging doubt. Nokia is about to launch the N95 which would be an iPod competitor. Let me line up the features of both devices:
Kimber wrote an interesting post regarding diversification. BTW Kimber, no idea where you got the idea that women can’t trade.
It has me thinking, do you diversify or do you become delta neutral? For those wondering, delta is one of the Greek letters in option trading, and it implies risk neutrality.
The question is what do the big traders recommend? Without knowing a hundred percent, they would probably recommend delta neutrality. I myself trade for the most part risk neutral (not completely delta neutral). Risk neutral means regardless if the security goes up or down I win!
Steve Jobs held a keynote and announced the iPhone. One site even did a quick look and feel of the phone. Apple surged by 8% and others like Nokia and RIMM dropped. Though RIMM dropped more than Nokia.
What I think: Sell Apple at its peak (it should climb a bit more) and buy on the weakness of the other players.
The remaining part of this blog will explain why I am skeptical of the iPhone. Some may view this as being overly critical, but others will wonder. You will wonder who is right me or Steve Jobs. Since Steve is much richer and has built a big company (unlike myself) you will be biased towards Steve.
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I want to apologize for the porn spam that has taken over our forums. I just finished clearing out all the bad posts I could. It took me over one and a half hours. Painful stuff. And the worst thing is that most of the links (or at least the few I checked) didn’t even take you to porn. False advertising. Previously, I was spending 5-10 minutes a day clearing things out as they cropped up, but got sidetracked over the holidays and let it build up. There has to be a better way to handle the spam in the forums. Something akin to Akismet (which prevents thousands and thousands of spam comments from appearing on the blog). I’ll be looking into this over the next few days and trying my best to keep the forums clean. So please resume your conversations there. Thanks. (9) Thursday, Jan. 4, 2007 by Jason |
Pictures can speak louder than words. So here is a shot of the performance of my E*Trade account.
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