Articles Written by Jason Coleman
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.
Tuesday, May. 22, 2007
by Jason
Steve, who blogs here and at UnderTrader.com, is looking for sponsors for the bike ride he will be doing in support of the Arthritis Foundation next Fall.
We will be riding bicycles along the coast from San Francisco to Santa Monica, California. It takes 8 long, tiring days! All it takes for you guys is a click on a website. I think that’s a fair trade. Even the smallest donation helps and it’s a tax write-off.
InvestorGeeks is now a non-profit operation, and we’ve donated $400 of our war chest to Steve’s cause. If you’re a fan of Steve’s or InvestorGeeks in general, or an arthritis-hater, please take a few moments to show your support as well. You can donate here. And just like in saving and picking up girls, every little bit counts.
Thanks.
Wednesday, Mar. 21, 2007
by Jason
Kristin Friedersdorf, from WallSt.net, has posted her interview with me. Goto her Financial Blog Watch page over there to hear me talk about the history of InvestorGeeks and my lessons learned in trying to start a blog network.
I had a great (if brief) time on the phone with Kristin. Her other podcasts are worth a listen, so be sure to check them out too.
Wednesday, Mar. 21, 2007
by Jason
Some good stuff from an interview with Jim Cramer here on YouTube.
I think we have a few months left on our TheStreet.com subscription. I might check out their TV offerings a bit more. I hear that WallStrip is over there now too.
Thursday, Mar. 15, 2007
by Jason
The following is a paid review…
Finance Markets is a blog written by some folks across the pond. Despite an understandable bias towards European news and posting prices in British pounds, the blog is applicable to investors everywhere.
The Finance Markets blog is updated a lot. There are about 3-6 posts every day, most of which come from one Elaine Frei. The posts cover a familiar range of finance topics from “Economy” to “Investments” to “Property“. There are also some “personal finance topics” like “Insurance“, “Loans“, and “Banking“.
The writing is generally good and much more professional than your typical blog. In fact, I might say that the posts are a bit too professional. There is a bit of a lack of character to the entries. The lack of a way for users to comment on a post don’t help this.
Still I’d say the site is worth a look. Browse around for topics that interest you and you might learn a thing or too. This blog would be especially useful if you are interested in getting a European view of the market. There are daily recaps of the action in the US markets, with citations from some sources that might not be on your reading list.
On days like these, it’s good to be 100% cash. I am holding some mutual funds in my IRA, but that was only down a little under 1% today (The only real loser was an S&P ETF I have 25% of my holdings in). However, my personal trading account was sidelined through this mess today.
Was there some kind of technical glitch?
I wish I could say that I’m a prophet or something, but really I’m in cash for more mundane reasons. I need to stay liquid to handle some wedding costs and we’re thinking of moving about $4k from the trading account to the IRA before tax time. I’ve also been very busy with work and other things and didn’t have time to stay on top of the market.
So far this year, I’ve had about an equal number of winning and losing trades, staying flat until I pulled everything out a couple weeks ago.
I haven’t looked into things too much, but this looks like a buying opportunity to me. I feel like a kid in a candy store. My trading account is still kind of off limits, but I might be able to handle some tightly controlled short-term trades. I also have about 25% left to spend in my IRA. What should I buy?
Tuesday, Feb. 27, 2007
by Jason
Well not yet, but that is the plan. And I wonder if investors realize the potential. My guess is that Advanced Micro Devices (really their recently bought ATI division) is poised to make a bunch of money putting graphics processors into mobile phones, and this fact is not fully priced into the stock.
I wonder if investors are able to see past the PC market, when they think about AMD. It seems that all of the focus is on their competition with Intel. Meanwhile, the graphics card market is still ripe for growth. People, I think, finally realize that ATI and Nvidia supply chips for gaming consoles, and that part of the business is priced in. But what about the cell phone market? And the cell phone market is much bigger than the gaming console market. It may even be much bigger than the PC market, and with faster turnarounds.
The following is a paid review. See the notes at the bottom for more information.
Looking for a place to store your hard earned (or not so hard earned) money? Savings-Accounts.com is site that shows the interest rates available at the most popular US banks.
According to the list, HSBC is the best bet with a 6% rate on “new money”. But hurry, you only have until April 30th to get the “promotional rate”. Bank of America and E*Trade are also decent with 5.1% and 5.05% repspectively. Your corner banks like Wachovia and Wells Fargo are offering just 0.25% and 0.50% respectively. The worst offer on the list is Key Bank, with a pitiful 0.15%.
Here are the notes I wrote about some stocks on my watch list this morning.
KRY
- Wait for consolidation. $2.80-$3.50.
AMGN
- Fill the gap $71.50-$74. 200dma support at $69.50?
AMD
- What’s the next news catalyst? Value analysts’ upgrade? At what price level? Check Morningstar.
ERTS
- Upgrade wave may be in effect. MA gap from $50-$53. What’s the news catalyst for this? Check game sites.
I was going to write an individual post reviewing in depth each of the six books listed below. But since I’m a bad citizen and have given in to the fact that I will never find enough time to do so, I’m going to give a quick review for each of them here. So in the order I’ve read them…
Included are reviews of:
