Just an update. SVA and SIMG have done awfully well and will continue to do so. CKSW will end up being an awfully nice return. OPTR has a ceiling to it since I know that they are trying to sell themselves and will end up with an okay return.
Symbol Time & Price Change Volume Shares Mkt Value Day's Val Chg & % Price Paid Gain & % Gain Annualized Gain
SVA 01:00pm EDT 3.95 0.01 64,808 2,150 $8,492.50 up $21.50 up 0.25% 3.72 up $486.50 up 6.08% 29.57%
SIMG 01:00pm EDT 5.91 0.02 187,767 1,500 $8,865.00 up $30.00 up 0.34% 4.61 up $1,942.00 up 28.05% 57.85%
CKSW 01:00pm EDT 8.41 0.21 45,188 1,000 $8,410.00 up $210.00 up 2.56% 8.04 up $362.00 up 4.50% 5.60%
OPTR 01:00pm EDT 15.18 0.62 1,356,392 571 $8,667.78 up $354.02 up 4.26% 14 up $665.78 up 8.32% 10.77%
Total $34,435.28 up $615.52 up 1.82% up $3,456.28 up 11.16%
Also, I am adding CCIH to the portfolio. Hugely undervalued Chinese company involved in the internet there.
Ah, the good old days. Fortunately I still own a pile of TSLA but I'm looking to sell now that the stock has hit 125. The question is when and the answer is, not before Monday.Quote: s2dbakerSometimes you bet on the right number in roulette and sometimes you pick the right stock. Today, Tesla Motors released earnings that beat the street and the stock shot up in aftermarket trading. I don't think it'll sustain that level come morning but none the less, I'm in for a very good day tomorrow.
By the way, Ben Bernanke said something yesterday and the futures market shot way up. Since I use my own feelings about the direction of the market as a contrary indicator, I feel that the market is going to have an awesome day today which means that the market will probably gap up at the start and then gradually fall all day long until it closes down.
I hope that I'm right/wrong.
Quote: s2dbakerAh, the good old days. Fortunately I still own a pile of TSLA but I'm looking to sell now that the stock has hit 125. The question is when and the answer is, not before Monday.Quote: s2dbakerSometimes you bet on the right number in roulette and sometimes you pick the right stock. Today, Tesla Motors released earnings that beat the street and the stock shot up in aftermarket trading. I don't think it'll sustain that level come morning but none the less, I'm in for a very good day tomorrow.
By the way, Ben Bernanke said something yesterday and the futures market shot way up. Since I use my own feelings about the direction of the market as a contrary indicator, I feel that the market is going to have an awesome day today which means that the market will probably gap up at the start and then gradually fall all day long until it closes down.
I hope that I'm right/wrong.
Good job with Tesla. I'd put a trailing stop loss on the stock and add to position until TSLA rolls over but that's just me. I was 100% confident that Bernanke was going to signal to markets that the accommodative policy would continue as long as it takes........whatever that means. I took large SPXL position 5 mins before yesterdays close. Just gaming the system. Got lucky.
w00t!! Today was a good day to be long.Quote: treetopbuddyGood job with Tesla. I'd put a trailing stop loss on the stock and add to position until TSLA rolls over but that's just me. I was 100% confident that Bernanke was going to signal to markets that the accommodative policy would continue as long as it takes........whatever that means. I took large SPXL position 5 mins before yesterdays close. Just gaming the system. Got lucky.
Leap was on my radar. So was Steinway. I have to learn when to pull the trigger on these trades better.Quote: treetopbuddyAT&T offering 15.00 a share cash for Leap Wireless after close today. Leap closed around 7.50 a share. More insider trading on this deal. Around 2:30 this afternoon "they" were buying the July 9 calls for 7 cents on heavy volume. The contracts are now worth approximately 8 dollars a contract......114 times your investment in 90 mins..... not bad. Cheating does pay. SEC will be looking at trades but nothing will come of it......insider trading is just part of the game.
In Tesla news, just as I thought would happen, no one was selling today in anticipation of the big ETFs having to come in and buy Telsa because of its move to QQQ. Right at the close, there were two enormous trades of over a million shares. I sold covered call options into the frenzy. they expire in a week. Well see in a week if that was a smart move but I picked up $3.45 per contract so even if Tesla goes up, I'll still get the equivalent of $133.45 per share. If Tesla goes down, I keep the shares and the $3.45 option premium.
Yesterday, I bought 5 contracts of TSLA at 125 strike that expires today at $1.45. I sold them too soon today but I just wanted out, I got $3.00 for double my money. Had I waited, I could have gotten at least $4.50, I'll cry all the way to the bank.