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My Watchlist Notes from Yesterday

Jason 22 May 2007 680 views 12 Comments

I’m getting back into trading a bit. Here are my watchlist notes from yesterday. Be warned, I’m a total hack. Even I’m going to do more research before using this stuff. Comments appreciated.

AMD
- Buy now. Watch intraday for bounce. Supports at $15, $13.50, $10. Half now, half on dip?

ERTS
- Buy soon. 10DMA at $50, 30DMA at $51. Then all arrows green. 1-year chart looks brutal. Support at $48.Resistance at $55. Break through that looks goot.

EBAY
- Hipegg says buy.Short-term down. Buy at $34 (30DMA). Support from 200DMA at $31.

QQQQ
- Very bullish. Look for intraday pullback and put the money in.

These are all tech-related because… well… I know tech better. Buy what you know. My IRA and other portfolios are mostly in index funds right now, so this is all “play money” or “mad money” or “risky biz portfolio” stuff. I’m most excited about QQQQ and ERTS. I think they’re a bit safer, but that doesn’t mean anything.

Also, congrats to the folks who stuck it out with KRY (not me). I’d be taking some profits in the $5 range.

UPDATE: I’ve bought 90 shares of QQQQ with my trading account and 50 shares of ERTS with my IRA. Peace.

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12 Comments »

  • Jason (author) said:

    Looks like eBay would have been a better short-term pick than ERTS. But I still think ERTS will be much higher 6-18mo from now, so it should do my IRA proud.

    What a day yesterday! QQQQ hanging in there.

    My guess is we’ll see a big gain today as people regain their cool, but I’m not sure how the holiday weekend stuff will affect that.

    And, remember: I’m a hack. (Does that qualify as a disclaimor?)

  • Dan said:

    Greetings geeks; I’ve been making some more aggresive moves lately, especially international. I’m curious why you’re not more engaged there. I just made 11% on Friday alone on a Russian beverage company on no news. I’ve covered some double digit yield ETFs, internation real estate, etc. on my site if interested in sharing thoughts. Just curious since you’re referring to mad money, etc. why not going outside our safe borders (relatively speaking). Thanks
    dan

  • Jason (author) said:

    Good points, Dan.

    I do have about 25-40% exposure to international markets in my IRA. I’m investing in the above (US) companies because I think I know more about them. I don’t know as much about foreign companies even though they are hot.

    A lot of people are talking international bubble, but then bubbles usually fatten up like 100% before they burst, don’t they. Good time to be in and nimble.

    ACN (Accenture), my old employer, is one (more international than foreign) I might look at again. I haven’t checked the chart lately, just noticing that the price is going up.

  • Daniel said:

    Might I recommend the Israeli Market?

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