Late Day Trade GDOT

We are out of GDOT at 1.85.

This allows us to close out the GDOT spread with overall profit. Note the bid and the ask, we exit in the middle of the bid and the ask. The 1.55 just so happens to be the last previous trade, the MM now have this listed at 1.75 to 2.00 spread. I was looking for an out with the call, and I am unsure how the market will be next week because things look like they are topping out. Also, I did not want to be in GDOT throught its earnings annouucement date. Ah. Safety.
Well, I am on my way out the door here to go to Lollapolloza in chicago to see Paul McCartney in concert.
Everybody have a good weekend. I will update again on Sunday for the outllook next week and the Monday Forecast.

Tradinginsider

PS oh wait...theres the trade, just showed up

Have a good weekend!

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GDOT beginning to move....

GDOT is beginning to climb. Our option is starting to come back, we wait and hold. Hopefully next week we sell.

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Exit FLTX call for Profit

Today we exit our FLTX call and the exit is below:

And right here is what we got in at:

which gives us a profit of 24%.

More trades to come,

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IMMU set to blow to the upside

One of our picks that we are holding is showing a coiled spring formation:

This is a very powerful signal that shows the stock is coiling up potential energy and will blow...in this case to the topside. We are going to purchase another call. Not a double down, but just another call.

Right now this company is suffering from a phase 3 trial that showed no significant change and a downgrade after the stock price fell. Then a class action lawsuit by whining investors because the price fell. I think its going to jump a bit. But I am not sure enough to double down. Just a normal priced call that I would usually invest with.
We wait and see

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Update in Progress

Please hold for an update looking at the markets now....

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Friday Forecast

Blue skies ahead for Friday. Lets take a look at the chart to see whats coming:

Three white candles is a very big up sign. Especially one short between two tall candles that have tails.
So thats the deal coming Friday...look for an up day.

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MKTO walking sideways...we have to sell

MKTO has been walking sideways and the erosion is eating our spread. We have to get out to preserve what money we have left in the options.
Here is our outs:

and now for our call:

I would like to think that this is a valuable learning lesson on wealth preservation. Most people would just hold these until they expired worthless, winding up with 100% losses on both.
As in this case, you have to know when to call it. I have held MKTO for several days and take a look at its chart:

Very strange. It is walking sideways, almost as if there was a buyout and that was the price it was bought out at. I dont see this too often without said company being the target of a buyout. This stock reported earnings and people liked it then it froze on the shelf. Seeing that we bought Aug calls the option spread was just eroding, and after giving it 4 trading days to do something, it was time to pull the chain on this one and save what we had left.

More later today. I have a doctors appointment across town in an hour and a half.
Lets see. GDOT looks like it is starting to move north, which is good, we will hold. I am also still holding GDP. Buncha stagnators. I like stocks that move, not hang around.
My 6th sense says stay away from the QQQ and SPY. Something is afoot, even though the chart says purchase. There seems to be some upper resistance to the climb, and I think it will manafest in news over the next several days.
I will make another entry this evening. No other trades for today.

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Update in Progress

Taking a look at the market right now, stay tuned

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Thurs Forecast

I see a slightly slower up day, things stagnating a bit with a small climb up then kind of sideways as a top of a channel is tested. Not going to be a big action packed day...a bad jobs report the other day, China seems to have it together, Greece is fighting among themselves about the deal, and the Fed casually mentioned a rate increase in Sept. The market will be lukewarm and go up a bit then sideways.
Nothing to write home about, just be aware that it wont be a big up day tomorrow. But then again, it wont be a down day, either.
You know what? I am going to share a secret I learned from a friend of mine. He told me that his friend knew a guy (yes, 3 times removed from me, but listen) who would look at the premarkets 15 minutes before market open. If they were up, he would call his broker right before open and told him to move his 100,000 in the market (buying blue chip stocks...a portfolio of them, say 10-12 blue chip stocks. He would leave his 100,000 grand in until 10-15 before the market would close where he would call his broker and have him liquidate all his positions, so that he was totally out before the last bell. In other words, he never held overnight.
If however he checked the premarkets in the morning 15 minutes before market opening and they were down, he would simply do nothing that day.
He spent his day golfing and hanging out with friends and would make $100,000 a year doing this simple strategy, spending only 5 minutes a day on it and then not thinking of anything until the next day 15 min before opening of the market. So, to recap:

1. 15 minutes before open if premarkets are up, call broker and move in $100,000 into bluechips portfolio. No matter what, sell everything 10-15 minutes before market close and be all cash at the closing bell.
2. 15 minutes before open if premarkets are down, do nothing for that day.

Yeah. 100% return every year playing golf. This was about 20 years ago, but I looked at some charts from the past several months and this still looks like this will work. Ive been watching the premarkets. They seem to be a good indicator about 78-80% of the time for how the rest of the day is going to be. Sure, there are some mid day reversals and gap fades, but for the majority of the time, the markets still go the direction of what the premarkets report 15 minutes before market open.

$100,000 also isnt what it used to be. I would say stick with a figure of 250,000 or 300,000 to maximize your relaxing/traveling/golfing/laying on a beach in the Caribbean time. Start with 50,000. According to the investor, you will have 100,000 at the end of the first year. 200,000 at the end of the second year (plugging everything made back in). 400,000 at the end of the third year. Then you can just keep and spend 400K every year.

But what if it doesn't work? I myself haven't tried it. Two things on that: First of all, I have had enough experience in the market where I can see this working. Most of the time the markets follow the general trend as set by the premarkets before open. For example, China crashes 8% overnight. The following morning the premarkets were all in the red. Then the entire day was down. Or another one would be Greece signed the bailout deal on a Sunday night (or was it Monday) and the following morning before open, the premarkets were way up. For that day, the markets were up.
 I would say about 20% of the time the markets will take a sudden turn in the middle of the day and go the opposite way the premarkets indicated in the morning. An example on that would be a huge blue chip announcing their earnings are way low, and 2 other big blue chips also warn. Suddenly the entire market could hang a Ralph in the middle of the day and start dropping. Or things are bad one day and then there is a Fed announcement in the early afternoon that is very enthusiastic and suddenly the market turns around and starts climbing. Generally the Markets for the most part stay the course in any given day, with general fluctuations.
I think that this is totally possible.
Second on my list is the work vs reward ratio. As long as you already have the money to start with and its not scared money (as in all your bills are paid, cars paid off, house taken care of) this system has a great return/work ratio. You dont have to work 8 hours or more a day on this. It doesn't consume your life. You are free to do as you please wherever as now you dont even need a broker. Just a smartphone to check the markets for 5 minutes in the morning and then an automatic pre set order to move in your 100K, 50K, whatever you are using. You get up, grab your cellphone 15 minutes before market open, then place your pre planned trade if its a go.
Then the rest of your day you golf, travel, spend time with the kids, whatever.
Sounds like a pretty good deal to me.
Want to tweak this system? Now they have reverse QQQ/SPY etfs so instead of doing nothing on bad days where the premarkets are in the red before open, now you can jump in on the bear side of things and ride the market down for the day then selling everything and being all cash at the end of the day. Doing this would theoretically turn your earnings from 100% yearly to 200% yearly.

Ill buy that for a dollar.

Tradinginsider

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We will be holding our positions

The positions we are currently in:

GDOT: Looks as though it has caught up to its price jump and is forming a base. However, its earnings are due out Aug 4th, and that could be a problem due to the fact that its not expected to have a good earnings report. I am considering dumping this one. I purchased the option at 1.90, and is currently running around at 1.60.

MKTO- Some good news today about its marketing efforts and its software, however the stock is only moving sideways since its earnings jump. Not good for a spread that I got hanging out there...we will hold and watch for a bit.

FLTX- We are holding this one for the 2 week up climb. This is a hold.

GDP- This stock is suddenly starting to move up after hitting the oil bottom. We hold this one. Today was its first up day. Luckily I purchased the Septembers.

That will be all for today!

Tradinginsider

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SPY on the other hand made us 20% overnight!

While our QQQ option was a dud, the SPY option that we also purchased earned us a bit over 20% overnight. I am going to exit it and take the money as the cubes are flashing a graveyard cross failure sustained climb signal. I will go into that in my next post. For now, here is the exit order for yesterdays SPY call.

More later today,

Tradinginsider

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Exit yesterday QQQ calls

Yesterday we bought QQQ calls. They are only up a fraction, but I see something negative approaching, so after commissions, this comes out to about even. I will explain why in a post later today that combines the cubes and spy.
For now, here is the out:

We are out at 1.06 at the bid. Another post on the way,

Tradinginsider

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Update in Progress

Two things: 1. I wanted to see how this market shaked out today and 2. Now today in the afternoon, I will be examining the charts for any ops. Stand by...

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Wed. Market Forecast

Things are looking up for Wed. as the QQQ and SPY both flashed bottom signals and are showing a new channel upward. Lets take a look.

As you can see in the chart above, the QQQ is showing reverse double hammers, which is a big bottom signal.
To reaffirm things, we check SPY, another Nasdaq etf, and we also get a bottom signal:

This has a candle with a solid white body with a long bottom tail, another good bottom signal.
This was so clear we got in with calls for both the QQQ and SPY.

So tomorrow: Up.

Happy Trading,

Tradinginsider

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New Pick: IMMU...Sell off too extreme

Was the sell off too extreme for IMMU? Yes. Is it a good time to get in with price targets at 7 dollars? Yes. Will this stock bounce back a bit with bargain hunters coming in like carpetbaggers in the south in the 1870s? Yes.
Lets take a look at the chart:

You can see that the current candle is white, long with a long bottom tail, signifying that this thing is going to come back up a bit at least part of the way. Now for the actual news:

Was the Immunomedics Sell-Off Too Extreme?

By Chris Lange July 28, 2015 12:55 pm EDT

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Belgian pharmaceutical group UCB announced Tuesday morning that its phase 3 trial for lupus treatment epratuzumab failed to produce statistically significant results in both dosages tested in Systemic Lupus Erythematosus (SLE). The developer said that neither of the two doses used in the identical, late-stage trials proved statistically superior to a placebo. This is not good news for Immunomedics Inc. (NASDAQ: IMMU).

For some background, UCB had licensed epratuzumab from Immunomedics to treat lupus, an autoimmune disease where the body’s immune system attacks healthy organs; it affects 5 million people around the world.

So far, epratuzumab is only an investigational medicine and is not approved for the treatment of SLE by any regulatory authority worldwide. It is a monoclonal antibody to target CD22, a protein that modulates B-cells, key components of the immune system that can play a central role in the pathogenesis of SLE if they become overactive.

Professor Dr. Iris Loew-Friedrich, Chief Medical Officer and Executive Vice President of UCB, commented on the failed trial:

Although we are disappointed with the results from the Phase 3 program, our commitment to the lupus community remains. We are focused on developing new therapies for the treatment of immunological conditions including SLE and have another SLE drug in clinical development. We would like to express our sincere thanks to the patients and clinical investigators who made the EMBODY program possible. It has produced a comprehensive dataset and we look forward to sharing the findings with the scientific community. Today’s news does not alter UCB’s strategy as we remain committed to delivering value for patients living with lupus and other immunologic diseases.

The question on investors’ minds now is that: if UCB can’t get Epratuzumab off the ground does Immunomedics stand a chance of doing so as well?

Shares of Immunomedics were down 34.2% at $2.44 on Tuesday morning. The stock has a consensus analyst price target of $7.00 and a 52-week trading range of $1.83 to $5.48. It’s worth noting that shares have not traded this low since 2009.

Here is our in:

I do feel that this is a big knee jerk reaction, as in punished TOO MUCH. I think we stand to make a few bucks on this one.

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Purchase QQQ and SPY calls

QQQ and Spy are flashing big bottom signals today. Lets take a look at the charts.

First for QQQ:

You can see that today there is a bottom double hammers signal which is a very strong indication that things are going to go north from here. It seems also that China has said that it will continue to back and prop the Chinese stock market. Their official state plan does not involve weakness or a crash, so that is taken care of much to the satisfaction of american traders obviously.
Lets take a look at SPY:

A different chart here, yet heralding the same thing: We've hit a short term bottom. So what are we going to do with this information? We are gonna buy calls! But which month? And what strike?
I dont want an expiration too close to today, I would like at least 3 weeks out. Anything sooner could cost us erosion in our price if things start to dawdle and move sideways, and anything further out like a month or two out will give us a smaller profit on any moves. I usually go for at the money or just outside the money to get a good price if the next strike price isn't too far up out of the money. Too far up out of the money runs a risk that the price will never reach the stock price and things will languish and erode. We want at the money, or if the strike prices are packed tightly together like they will be in these two highly liquid ETFs, just outside of the money.

There you have it. These should climb at least 20-30% over the course of the next two days barring any large negative market news. No risk, no payoff. However, everything being everything, the deck is stacked in our favor.

Tradinginsider

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Update in Progress

Looks like today we are going to be purchasing SPY and QQQ calls as the market is flashing a double reverse bottom hammer. More to come, taking a look at this now, stay tuned.

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Tuesday market Forecast

With the uncertainties about China and how they will fully affect the US stock market, I expect the market to go sideways and chop a bit on Tuesday. If I had to tell you one way, up or down, I would say down, and here is why:

As you can see there is no single bottom tail on todays candle, and the body is very small with a tail on top and bottom, like a top. The very price nature of this candle is displaying uncertainty. It is a slight gap down from the candles before it due to China blowing off 8% of its market value the night before and this shows weakness.
I expect sideways chop tomorrow or even a drop as the market looks for a bottom and at China to figure out whats next. Its a good day to do down work/short work and not a good day to get in long.

Tradinginsider

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Late Day Trade- FLTX

Before I go any further, hold off on QQQ and SPY. Still see some down action on them tomorrow, according to the charts. But one that is flashing a buy right now is FLTX. Lets look at the chart:

As you can see there is a bottom candle with a long bottom tail at the current candle that is highlit yellow. This is a bottom signal.
Here is the deal. This stock is going to report in about 2 weeks and it is starting the 2 week pre earnings climb because of this:

Look at the last 4 quarters: a suprize for all 4 of them. Plus, in the growth est, it is significantly over the industry benchmark. Everyone can see this, so people are going to pile on leading up to earnings so we are going to buy a call and hold for 2 weeks or so and sell BEFORE the actual earnings.

There. We are in for August.

More this evening.
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MKTO: HOLD

MKTO is showing a double reversal hammer today and is looking like it is at the top of its peak.

We will be holding this as the price is essentially the same as our entrance.

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SPY and QQQ showing potential entry points

We are going to be looking at QQQ and SPY for call option entry possibly later today in the afternoon after I see how today's candle has consolidated.
They are both showing bottom tail candles in the bottom of their ranges.
That would have me purchasing 3 things today: both of the above, plus a new stock I have been eyeballing by the name of FLTX. I will do a post on all three of these later in the day.

Tradinginsider

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Update in Progress

Checking the database now...brb

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NASDAQ forecast for Mon-Tues

Partly cloudy, lows around 109.50, then Tues or Wed, higher prices expected. Lets look at the chart:

You can see where the channel is, and I inserted a box where I believe that the price will range in. As for Monday, unless there is good news or a good report, I expect things to slip a bit and chop, perhaps be a down day. By Wed-Thurs, things should be cycling upward again.

Thats all for now,
Tradinginsider

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New Pick: MKTO

Today MKTO announced earnings and it beat the street with good 3rd quarter guidance. Therefore everyone piled on this stock today huge.
Now, usually I stay away from stocks that just reported because the news overrides the technicals and if the stock had a really good earnings, people just keep buying it, driving the price yet higher.

However, I think this is a good opportunity for a straddle. A 1:2 straddle. One half the amount you would usually bet on a call, and a full amount you usually spend for the put side. Lets take a look at the chart:

Looking at todays candle, you can see that it has a big upper tail, which signals that the stock hit its top and will come back down. However on the flip side of that coin, there was a big gap up from the previous days candle price and that is a big bullish signal. So now if I want to handicap this and decide the odds, I can then devise a strategy that I will use to pull some money. I am going to do a full priced (money I usually spend per pick) put on this:

And also at the same time, I am going to do that half priced call (spending half the money I usually spend on a put/call):

Now I have my 1:2 straddle.
You gotta risk it for the biscuit.

Tradinginsider.

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Exit CARA put option 100% overnight profit??

Today I exit that CARA put option. I get out at

I got in yesterday at

So that is an overnight profit of 100%.

I'll buy that for a dollar.

More to come today, but right now leaving for an appointment. Will be back this afternoon.

Tradinginsider

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So what about Friday? Here's what will happen

The Market is poised between mania and a drop. Lets look at the chart.

I have to admit, these two candles next to each other out of a channel with two top tails isnt too common, which is why I didnt get more puts. I really want to see how this flies, if a suprize comes up.
But as it is, I am going to predict down for Friday. Sideways to down. The only way I see a big jump up is if a few biggies have great earnings or some other world good news.

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Late Day Pick....CARA

Cara is a pharmaceutical company that just had a good stage 2 results. Lets check out the article:

Positive mid stage trial results are sending Cara Therapeutics higher today.

What: Shares in Cara Therapeutics  (NASDAQ:CARA)are surging higher by 30% today after the company reported that its lead product candidate CR845 met its primary endpoint in a mid stage trial.

So what: Cara Therapeutics is developing CR845 as a treatment for acute pain and uremic pruritis, a chronic itch affecting roughly half of all kidney failure patients.

In a 65 person mid stage trial, uremic pruritus patients experienced a 54% bigger drop-off in worst itch intensity scores when taking CR845 than patients experienced while taking a placebo. Secondary endpoints for quality of life and a reduction in sleeplessness were also met.

Now what:  Cara Therapeutics' positive mid stage study clears the way for the company to kick-off a larger phase 3 study next year. While there's no guarantee that CR845 will prove to be effective in this upcoming trial, results confirming its mid stage data could lead to an eventual FDA approval in this condition.

If approved, the drug could potentially benefit up to 50% of the 400,000 Americans receiving hemodialysis, many of whom fail to control their itch with corticosteroids and antihistamines.

Although the results and potential patient pool are intriguing, a bigger opportunity for CR845 may exist as a therapy for acute pain. A phase 3 trial for use in post operative patients to treat pain gets under way this quarter and if successful, CR845 could prove to be an effective pain drug alternative for patients suffering from side effects tied to traditional opioid therapy.

Although CR845 could carve out market share in pain treatment and pruritis, I'm uncertain just how big demand could prove to be for this drug. Admittedly, Cara Therapeutics' $361 million market cap indicates that it's not very expensive, but until I have additional insight into potential demand for CR845, I'm content to sit on the sidelines and wait for phase 3 data, which should be available next year.

Cara is undergoing a classic trading mistake: That of overreaction. A pharmaceutical company comes out with

some forward news and everybody piles on it. Where is the drug? What money is it making? Exactly.

We purchase a put on this for almost nothing. And we wait and see as we purchase the August puts.

The chart has an iffy top showing for today, so this is purely a news reaction on my part. However,

we are not here for certainties. If you want certainties, go purchase a municipal bond. You want to 

feel your blood pumping, do what I do. However, before you do, at least make sure the deck is stacked 

in your favor.

Until Tomorrow's action,

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We are going to hold on to that GDP call...

Looks like GDP is still bouncing at the bottom and it just flashed yet a repeat bottom signal. We hold.

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Sell QQQ puts for profit

Today we exit out of our QQQ puts that we entered in on July 17th. We already doubled down on them as well and made a lot of money on the double down. Now we exit the originals for profit:

And here was when we got in at this price:

So you can see, we made some decent money on it. More to come today.

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QQQ Forecast for Thurs

In looking at the chart there is a bit of uncertainty due to the fact that there may or may not be a new channel forming. Lets look at the chart:

Today's candle has a top tail which if at the top of a channel signals a coming drop. However, if this is a newly formed channel there could be a problem. Which is why today I dumped all my higher priced puts. I don't like to hold onto options. When I see a profit, I dump them and take the money, rather than holding on to them for a home run that may or may not come.
If I had to throw a number out there, I would say that there is a 60% chance of a drop tomorrow, a 20 percent chance of chop near the top, and a 10% chance of recovery and upward movement once again, forming a new channel.
Usually I like to call a solid call. Simply put this time I will do nothing: I will buy no calls or puts until I get a handle on which way this thing is going to go. I will know by Thursday or Friday. Once I have a good idea of the direction, I will start bouncing things the other way contrarian style making some decent dollars.

Tradinginsider
www.the1045report.com

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What if you had a Time Machine for the Stock Market? Fun, thats what.

Every now and then I hear a story about a guy who got in a stock at the right time and it always makes me shake my head in wonder. I have this cool teacher at school that just so happened to sink a couple of g into amazon in 1997 who is now sitting on quite a bit of money. At the time people were telling him it was a stupid move and to take his money out while he still can. 3 years later people started to shut up about him taking his money out and instead were amazed at his investing genius.
Then I started to think about myself and what I was investing money it in 1997. FFTI. I had a few grand and I decided that I would look at the stock list in Investors Business Daily and find a good solid stock with ratings of 99 98 99 and purchase it and start writing covered calls on it. Sounded like a solid plan. I was pretty stoked about it...stocks that had that kind of rating in the back of IBD were pretty much gold. So I put my money in my account, purchased the stock, and started writing covered calls. The first month I got a 15% return. Pretty solid, I thought. The second month suddenly the stock started to drop. I couldn't write a call because I was below my cost. The third month the stock had an earnings call and suddenly there were a few announcements about thier core operations and the stock started to drop even further. Grimly I watched as the stock suddenly dropped to 50% what I purchased it at and then went out of business, only to have its pieces gobbled up by another company at a fraction of the price.
I then learned that Investors Business Daily and the Wall Street Journal had about as much knowledge about stocks as any other guy on the street. They only had information that was public and were working with information that was released by companies that was carefully looked at before released. FFTI knew that was coming. The only people that were privy to it were officers in the company.
My friend was investing in a finance company whereupon suddenly they were beset by an accounting scandal. Turns out they were keeping two sets of books so the CEO and another officer were personally bleeding the company: building mansions in Florida, cars, personal accounts, and the company was suddenly found to be bankrupt. Even though it was illegal as all hell and the authorities went after the officers of the company, my friend still got screwed with worthless stock notes at pennies on the dollar. To this day? Sorry dude. Investor beware. Everyone that held stock sued and everyone basically ended up with blue note (IOU) certificates that paid almost nothing.
This is why I tend not to own stock or options for more than 3 weeks. If I did invest, I would try to be like Warren Buffet and invest for the long term..decades. Instead, I invest between a window of 3 days to 3 weeks only due to this chaotic uncertainty. How could you really ever get in bed with a stock without really being able to do an in depth background check and find out information that only truly an officer of a company would know? Such as really knowing what is going on with WorldCom or Enron in 1999? Millions of investors lost money. Some their life savings. Never put it all in one basket. This is why I like the QQQ or other indexes, such as SPY. They are a mixture of lots of different stocks..
So every now and then while I am waiting for something big to go down in the market (such as the drop thats about to happen) I like to play the time machine game. If I had a time machine, what stocks would I go back and purchase and when? For this game, we will need one simple tool here in 2015: hindsight. And we will be using yahoo finance and its chart plotting widget.

Yup. Looks like my teacher was in the right place at the right time with Amazon in 1997.

THE MAIN THING YOU SHOULD DO IF YOU TIME TRAVEL 

There are two time points you should be aware of: 1986 and 1997. The first will require that you have 2 thousand dollars to invest in 1986. So lets say that you go back to 1981 and you are say, 12 years old. Time to start hustling, kid. Start mowing lawns, and start carrying golf bags for middle aged guys wearing bad plaid golf pants. Start saving that birthday and bar mitzvah money. Because you have a couple of years to come up with 2-3 grand which shouldn't be that hard. I knew one guy who was double bagging 18 holes as a caddy earning about 60-100 dollars a day as a caddy in the early 90s. That figure due to inflation will probably be 30-60 dollars a day in the early 80s, but that will do. Get out there and hustle.
Microsoft had their IPO in March 1986. I remember being on a college tour while I was looking for the college I was going to attend in spring '86 and when I was looking in one of the laundry rooms there was a tech magazine with a young guy on the cover: Bill Gates. He was about 26 years old and how he had big plans. Just another geeky tech guy I thought. Had no way of knowing that his operating system would take over the planet. What did I know. Well the second time through with my time machine, I now know everything. So this is what to do when you are looking around for this stuff. Go to Yahoo Finance, type in the ticker symbol of the stock you want to look at and then on the left column look under charts, where it says 'interactive'. Click that.
Right above the stockchart there will be things you can click like 1 day, 5 day, 1 month, etc. Click 'Max'. This will display the stock growth from the beginning of its IPO until the present day. It will also display the price and percentage change adjusted for its current stock price after splits, etc. So take your mouse and hover it over the chart without clicking and you can see that the interactive chart as you move the mouse will go like an x-y axis and display price at whatever time you hover over.
As you move all the way back to the beginning, it will adjust the stockprice in relation to the stock price as it is now after splits, dividends, etc, so even though say Microsoft had an IPO price of 21 dollars per share, it had split 9 times, so looking at the chart you will see that it on the chart has an adjusted starting price of .089 per share. Adjusted, that's like a micro penny stock.. now drag the mouse on over to its peak in Dec 99 and you can see that the interactive widget chart says that the stock has grown 61,347% since its IPO. That would mean whatever money you put in during that first day of trading, multiply it by sixty one thousand three hundred forty seven percent for a stupidfying return rate. Now grant you when you were 18 like I was you were just concerned about going out with your friends and scraping together some gas money for your car and going to concerts. But that's what the time machine is for. We purchase in this example, $2000 dollars of Microsoft stock on its IPO date in March 1986.
The second stock that we are going to Parlay this with is Amazon. Amazon had its IPO in April 1997, so we are going to have to sell our Microsoft stock before the peak in '99 in order to be ready to plug the money into Amazon. Remember, after 1999 Microsoft's main growing period was over, and things just kind of walked sideways through the two stock market meltdowns of the 2000's. Amazon on the other had had one of the largest growth periods in IPO history.
So we would exit Microsoft in April 1997 with a 15, 887% return. Lets plug our $2,000 dollars into that: After holding Microsoft for 11 years while it takes over the planet we now have in our trading account $316,000. Not too shabby. But the magic is just beginning. We roll our 316 grand into Amazon where we get in at 23 dollars per share at the end of the trading day. Here is an article about the first trading day of amazon. We then hold amazon until its current peak (as of this writing) at Dec 2013, where we have a return since inception of 26,486%. We then do the math with our $316,000 and we now have $83,424,000. MSFT (1986) [2,000]>AMZN(1997)[316000]=83424000.
Hindsight is easy. Building a time machine is hard.
Makes me think of how I would have lived with that kind of money, how hard I would have partied. Better yet, what kind of things could I have accomplished freed from the banal constraints of being forced to work for my nut 8-10 hours a day? Not only are you working towards these hours, but additional hours of your day are also requisitioned toward support for these main work hours that you are actually working. You have to factor in travel to and from work. Getting ready in the morning.

Sleeping early so that you can get up in the morning. Looking at it, it almost gets to 11 hours a day. Being feed from this can let you go up higher on the self realization ladder to do the things that will make you a better person (in theory) rather than doing the things you have to in order to survive, to support your Maslownian hierarchy of needs. Looking at the hierarchy people are lucky enough to reach the love/belonging level, and few go above. Where are you on the above chart, and what can you do to climb higher?
For most people this involved the freeing factor, money. Money increases options and opens channels, freeing you to work on your higher levels.
Time Travel would sure be a great way to kick that in high gear. Just be careful when the time police come after you.

Keep the safety off,
Mark

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GDP showing bottom

The stock that I bought options on and then dogged is finally apparently at a bottom. Lets look at the chart:

Today this stock is flashing reverse double hammers. I looked at the price of oil per barrel and it seems to also have hit a bottom as it hasnt dropped in 5 days and it looks like its holding at 50 dollars a barrel. Looking at the above chart, you can see that the RSI is climbing steadily, the dips are getting less and less in an upward trend.
We are not going to do a double down. I dont trust this stock, it is down by 90%+ in the last year. However, the techs say go and the fundimentals say go, so we are going to do a standard full priced call:

We wait and hold this to see what happens. I'd like to think that whenever I am making a play the deck is stacked in my favor. If you don't feel like this when you are trading, you are stumbling around in the dark placing orders and most likely losing.
Why do I feel like the deck is stacked in my favor?
1. The stock is still down so the call prices are flattened out and cheap
2. The stock is showing double hammers...strong reversal signal
3. Oil is flattening out and looking like it is starting a climb which will bring this stock up
4. The rise didnt happen yet. Contrarians don't react, they PREact.

Tradinginsider

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exit DBVT short at 42.80

DBVT suddenly started to show a candlestick today that said the stock is going to keep rising. Ive had enough of this one...the drop never happened and its consolidated and is about to start climbing again. B-Bye. We are out at 42.80 for a slight loss.
Whatever. I just made over 50% in two days with my QQQ double down.

More later,
Tradinginsider

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Exit QQQ double down puts for Profit $$

Today we also exit our QQQ double down calls for profit. A pretty nice sized profit. Below is our exit:

And if you remember, this was our in:

A decent profit of 58% since Monday. Not too shabby.

Tradinginsider

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Exit our original SPY put for even money

We also exit our of our original spy put for approx even money. We made the money in this one with the double down from the previous post...about 30%. Here we simply exit out of the earlier position to close it:

Looking at further opps today,

Tradinginsider

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Exit SPY double down for Profit

Today we exit our SPY double down for profit.

I am looking at the rest of my holdings..more to come.

Tradinginsider

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