Subscribe to:
Post Comments (Atom)
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
-
▼
2008
(111)
-
▼
January
(56)
- Getting the Shopping Cart Out
- Covered Again
- The Hedges Worked
- Does History Repeat Itself?
- Hard to Watch
- Bought some Insurance
- End of Week Musings
- Apple's Deferred Revenues
- Look at this Gap
- Simply Crazy. Bought AAPL Stock
- Bought some GRMN Today
- Time Out
- Not a Weekly Recap
- Losing a Bet Today
- Cleaning Up the Mess
- Added AAPL Feb165 Calls
- A Bridge Too Far
- Putting a Cover on It
- AAPL Investors are Selling the News
- Calling All Bears
- Stubborn to the End
- Staying Locked and Loaded
- Weekly Recap
- Vaalco is Due to Report Well Spud Information
- Still Looking at ANSS
- Nice Bounce for GRMN
- Trading without Trends
- Apple Macs in a Best Buy?
- APPY Blog Post Worth Reading
- The VIX: Worth Considering
- Taking some Profits on some Modest Trades
- Picked up an Apple
- Don't Go in the Pool
- Swing Trading
- Tug of War
- GRMN at CES
- Taking my Time
- Weekly Recap
- Why the Market is Really in Trouble
- AMZN is Gonna See a Multiple Contraction
- Well That Didn't Work
- Interesting AAPL Program Buy Area
- Covered AAPL Puts
- Sold More
- To the Sidelines
- Eyeing GRMN Again
- BTJ Moves to Nasdaq
- BTJ is Breaking Out
- Added some AMZN Puts
- Sold my PCP Calls
- A Glimmer of Hope
- SIRO Upgraded by Street
- Looking at Medical Device Companies is by Design
- Garmin Hit by CIBC
- Added Another Spec Play
- Happy New Year
-
▼
January
(56)
Site Traffic
Search Blog
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.
2 comments:
Howdy Sneak,
Your "intermediate bottom" call reminded me of an NOV 07 post of mine that I recently ran across:
http://www1.investorvillage.com/smbd.asp?mb=399&mn=30874&pt=msg&mid=3433566
Also, the SPX was bottomed last week (and I erringly bought some UYG for a 6% loss. Niiice.) and may very well keep bottoming as hedge funds sell everything for cash to pay out to investor redemption notices ahead of any potential recession whether one is ever realized or not.
http://www.marketwatch.com/tools/quotes/intchart.asp?submitted=true&intflavor=advanced&symb=SPX&origurl=%2Ftools%2Fquotes%2Fintchart.asp&time=10&freq=2&startdate=&enddate=&hiddenTrue=&comp=Enter+Symbol%28s%29%3A&compidx=aaaaa%7E0&compind=aaaaa%7E0&uf=0&ma=1&maval=20&lf=4&lf2=32&lf3=256&type=4&size=2&optstyle=1013
Just think of everything with a PE of 3 to 8!
Perfectly fine quarterly EPSs and maybe even some growth here and there (maybe!) and the hedgies will still sell perfectly good stocks for cash.
Fuzz
Hi Fuzz:
Thanks for the comment, but I think that things may turn faster than folks realize. IBM, GE and even Intel did not have bad earnings. Sooner or later folks will realize that there are bargains.
Post a Comment