Monday, August 6, 2012

Lazy Jade Ranch

I have been lackadaisical on this blog lately.  For that I apologize to the two of you whom might actually read this.  Let's get caught up, shall we?

AAPL  - Bought Apple at $613.96 on July 20.  This stock was basing heading into earnings.  I am not going to lie, I was looking for a wicked earnings jump, but knew that even if the quarter didn't blow everyone away, the stock would recover and continue upwards.  Too many people are just too in love (no msft) with this stock for it to travel downwards for too long.  And sure as I am sitting here, it "tanked" on earnings (it dropped $25.95 or 4.32%).  And don't think I wasn't sweating that.  It had already moved a little against me heading into earnings.  I decided to hold on for the next day to see if there would be follow through or people jumping in to buy.  The buyers jumped in and we are (as of this exact moment) 8.5% off that low closing.  We're reaching into all-time high territory here, so it will be interesting to see what happens and where AAPL goes from here.

WFM - Sold Whole Foods at $84.86 on July 20.  There will be a separate after action report in the very near future on this one.

UA - Bought Under Armour August $55 calls at $1.10 on August 1.  This was a purely technical play.  I am a member of iBankCoin's PPT trading website.  It is quite honestly one of the most useful tools I have come across and worth every penny.  UA flagged in The PPT algorithms as Oversold.  The stats said that the previous 10 times that had happened with UA the stock had turned around for an average return of better than 10%.  At the time the stock was printing a big red candle stopping on $53.50 for the day.  Since the PPT implied seeing 58 or 59 in the next two weeks, I determined that the August $55 calls were about the closest one will get to a sure thing in this game.  And once again the SHOMP (Sublime Harmonics of Mathematical Precision) ruled the day.

DNKN - Sold Dunkin Donuts at $28.76 on August 2.  There will be a separate after action report in the very near future on this one.

This material is provided for informational purposes only, as of the date hereof and is subject to change without notice.  This material may not be suitable for all investors and is not intended to be an offer, a solicitation of any offer to buy or sell any securities.  Following me in trades will lose you money.

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