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Archive for February, 2013

Posted by Martin February 28, 2013

A Year Old Wishful Thinking on Banning Menthol Cigarettes

A Year Old Wishful Thinking on Banning Menthol Cigarettes

This is just a quick thought on what’s happening with Lorillard (LO) recently and why the stock dropped so dramatically in last few days. About a year ago and many times before FDA came out with an idea to ban menthol flavored cigarettes. Their reasoning was that such a ban would benefit to the public Continue reading →

Posted by Martin February 27, 2013

Trade Adjustment – Taser Inc. (TASR) covered call

Trade Adjustment - Taser Inc. (TASR) covered call

Today, after some thinking I decided to sell a covered call against the additional 100 shares I bought earlier. See the adjustment here.     Here are the trade details: Bought 100 shares TASR: $6.90 Strike: $7.50 Sold 1 Covered Call: $0.45 Total Purchase: $645.00 Commissions: $8.78 Total purchase: $643.78     Expected Option Assignment: Continue reading →

Posted by Martin February 26, 2013

New Trade – Corning Inc (GLW) put selling

New Trade - Corning Inc (GLW) put selling

I had Corning in my watch list for some time. It was a featured company in Morningstar as a potential new gainer. I like the company what i have read about it so far. It is a four star stock and Morningstar estimates the fair value at $15 a share. My own calculation indicates 17 Continue reading →

Posted by Martin February 26, 2013

How to Buy More Shares With Timing Buy Points

How to Buy More Shares With Timing Buy Points

As I wrote yesterday how I enter stock positions, today Lorillard once again shows the example of why I like to time the entry into a stock. It is not necessarily timing the market, just timing the entry point, or buy point. Once I decide to to buy more shares I watch the stock carefully Continue reading →

Posted by Martin February 25, 2013

Find a Good Entry Point or How to Buy Stocks to Increase Profits

Find a Good Entry Point or How to Buy Stocks to Increase Profits

A few stocks I own or plan to buy an initial position such as GLW provided a great opportunity today as the whole market ended down. I wrote on Friday last week that I wanted to add Lorillard (LO) to my positions but the trade would execute only if the stock goes higher. Today it Continue reading →

Posted by Martin February 24, 2013

My inspiration in last week #11

My inspiration in last week #11

I often browse the internet to find ideas about investing, trading stocks, options, investing opportunities and strategies. I like to read about investors and what their investing/trading approach to create income you can live on is.   This week I found the following interesting posts: The Case For A Higher Minimum Wage – The First Continue reading →

Posted by Martin February 22, 2013

Is Lorillard offerring another buy opportunity?

Is Lorillard offerring another buy opportunity?

I think Lorillard is offering another buy opportunity. On Friday session the stock dropped by 4% and hit 200 day MA. That is the kind of a retreat I usually look in stocks of my interest to add more shares. I am not buying yet, since the stock may continue sliding down, but I entered Continue reading →

Posted by Martin February 21, 2013

Trade adjustment – TASER International Inc (TASR)

Trade adjustment - TASER International Inc (TASR)

I hold TASR as my option play, but today’s frenzy selling compared to results of this company (50% better revenue which beat analyst expectations)makes TASR a good buy play. So I added another 100 shares to my current holding. As the stock recovers I will be selling more calls against the original and new holding. Continue reading →

Posted by Martin February 21, 2013

Market correction

Market correction

The market finally truned into a correction. Hold your hats, we may be running low. My estimate is to pull back down to $145 – $146 level (SPY). Have you saved enough money to buy more stocks?

Posted by Martin February 20, 2013

Trade adjustment – Gold (GLD) addition

Trade adjustment - Gold (GLD) addition

Today I added a few shares of GLD into my portfolio as Gold suffered a huge sell off. As I wrote in my previous post I believe the today’s price action is an overreaction of investors, most likely responding to (outdated) report from Sorros Fund Management. As I wrote I believe GLD indicated a bearish Continue reading →