I have telegraphed that I planned to get long ANSS. I pulled the trigger today. It is a "starter" position, but I wanted to get in the stock before the end of the year.
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One trader's view on the stocks he follows and his economic perspective
About Me
- sneakdoggiedog
- I am an amateur investor that has been actively investing and trading in equities since 1994, trying to hold my own against my dad and some extended family members that are in the brokerage business. I am an engineer by training but have a passion for economics and history. I want to thank my lovely wife and two boys for allowing me the time for my "hobby".
Stocks I Own
- AAPL
- ANSS
- APPY
- ATI
- BOLT
- EGY
- GRMN
- ROCM
Options I Own
- APV FO
- ATI JM
- GQR JG
My Philosophy toward Owning Equities
I spend a lot of time researching a stock that I can easily understand. I am an engineer and have a fair amount of understanding of the technology, aerospace, materials, metals, and consumer and retail sectors.
I also attempt to use Technical Analysis to look for good entry and exit points for the stocks I follow. I would rather trade a stock where I understand the price action than take a tip on a momentum stock from someone who doesn't do the necessary research. That is my story and I am sticking with it.
I welcome your comments and hope you enjoy!
I also attempt to use Technical Analysis to look for good entry and exit points for the stocks I follow. I would rather trade a stock where I understand the price action than take a tip on a momentum stock from someone who doesn't do the necessary research. That is my story and I am sticking with it.
I welcome your comments and hope you enjoy!
Market Sentiment
Market in Confirmed Rally
Sentiment Detail
4/20/08 (revised once a week)
The market (DJI) broke out of it's three month trading range to the upside on Friday. The Industrials have not closed higher since February 1st and the Transports have broken above all-time highs. This is something you like to see as indicators for a market going much higher. I expect the S&P and the COMPQ to also break above their ranges in the short term as well.
The market is not yet overbought, but a few days of backing and filling is warranted at this point. I intend to buy the dips and sell some into strength this week
The market (DJI) broke out of it's three month trading range to the upside on Friday. The Industrials have not closed higher since February 1st and the Transports have broken above all-time highs. This is something you like to see as indicators for a market going much higher. I expect the S&P and the COMPQ to also break above their ranges in the short term as well.
The market is not yet overbought, but a few days of backing and filling is warranted at this point. I intend to buy the dips and sell some into strength this week
Blog Archive
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2007
(149)
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December
(38)
- Breaking a Major Rule
- Weekly Recap
- Setting up the Mother of All Battles
- Nibbled at BTJ
- PCP Boomerang?
- Probably Getting Cute
- Get your Fruit and Vegetables
- Nibbled at ANSS
- AAPL Against $200
- The Money Supply Conspiracy
- What to do About Apple (Revised)
- Understanding our Account Deficit
- Weekly Recap
- Starting Over
- So What's Next?
- Cash is King
- Watching PCP
- Getting Ready for Taxes
- Weekly Recap
- Setting up a Shopping List
- Getting Simple
- GRMN is Tough To Handle
- They Know Nothing!
- Reacting to the Fed
- Cramer Pumps ANSS
- Weekly Recap
- Going Shopping
- SIRO Reports a Good Quarter
- One More Chart Tonight
- GS Technicals are Scary
- Ignition
- The Little Engine Did It!
- The Little Engine that Could?
- A Dog's Take on the Market, Part 2
- A Dog's Take on the Market, Part 1
- Building Some Defense
- Nibbled at TIE Puts Again
- Weekly Recap
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▼
December
(38)
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Disclaimer
This diary is a collection of my personal market analysis and commentary of economic affairs. No recommendations to buy or sell any securities are implied, and readers are admonished to do their own homework. I am an amateur investor and, if you are unsure about investing, I suggest that you seek professional financial advice.
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