Today morning I opened new positions of JADE:
10/19/2009 09:30:12 Bought 34 JADE @ 3.48
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Making 45% Annually Trading Options Against Dividend Growth Stocks
JADE added
Is the US market heading up tomorrow?
The European stock markets opened strong on Monday morning so we may expect the US markets rise higher too.
By Steve Goldstein (MarketWatch.com)
UK:NEX UK:SGC CH:NESNLONDON — European stocks opened higher on Monday, with every sector rising after two straight weeks of gains and advances for ten out of the last 14 weeks. Movers included National Express (UK:NEX 392.10, +30.00, +8.29%) , which rose 7.9% as Stagecoach (UK:SGC 155.50, -0.60, -0.38%) made a tentative all-stock offer for the U.K. bus and rail operator, and Nestle (CH:NESN 43.80, +0.48, +1.11%) , which advanced 1.8% on an upgrade ahead of the world’s largest food producer’s nine-month sales update on Thursday. The U.K. FTSE 100 rose 0.9% to 5,235.17, the German DAX rose 0.8% to 5,791.13 and the French CAC 40 rose 0.8% to 3,855.20.
I decided to add more risk to my portfolio (my current total risk is 3.69% as of Sunday late night, actually Monday very early morning) and open new position by buying JADE shares.
Tomorrow, when the US markets open, I shall buy 34 shares of this stock at the price around $3.40 per share. I am also looking at other penny stocks with strong earnings such as SIHI and MHJ.
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Picks 10/12 – 10/16
New stock picks this week:
Orsus Xelent Technolgies Inc. (ORS)
Existing & new holdings:
| Symbol | Qty | Last | Gain($) | Gain(%) |
| FUQI | 3 | 25.30 | -11.00 | -12.76 |
| MED | 6 | 23.90 | 33.37 | 30.33 |
| ORS | 6 | 1.04 | -3.31 | -4.53 |
| RINO | 4 | 25.14 | 9.64 | 10.61 |
| V | 11 | 74.29 | 64.36 | 8.55 |
Contribution this week: $0
Current capital exposure: -4.75%
New positions available to open: 0
Starting account value = $1,752.12
Account value = $1,764.19 (without margin)
Buying power = $557.46
[tag]Portfolio Gain/loss[/tag] this week = 0.69%
[tag]Portfolio[/tag] Gain/Loss for OCTOBER 2009 = 5.05%
Portfolio Gain/loss for 2009 = -23.62%
[tag]Annual Return[/tag] (CAGR): -30.70%
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DFS sold
I didn’t like how DFS performed and decided to get rid of this stock. I sold it today:
10/16/2009 14:31:26 Sold 6 DFS @ 15.0906
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ORS added to portfolio
Today I added an ORS play to my portfolio. Is this stock going to be another FUQI, RINO or STEC? Today the stock shot up on heavy volume (almost three times the average). I decided to take the risk and add some shares.
10/14/2009 15:18:28 Bought 67 ORS @ 1.0894
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Picks 10/05 – 10/09
New stock picks this week:
Discover Financial Services (DFS)
RINO International Corp (RINO)
Visa (V)
Existing & new holdings:
| Symbol | Qty | Last | Gain($) | Gain(%) |
| DFS | 6 | 16.20 | -5.04 | -4.93 |
| FUQI | 3 | 28.00 | -3.00 | -3.45 |
| MED | 6 | 22.38 | 24.25 | 22.04 |
| RINO | 4 | 23.60 | 3.48 | 3.83 |
| V | 11 | 72.94 | 49.51 | 6.58 |
Contribution this week: $0
Current capital exposure: -7.31%
New positions available to open: 0
Starting account value = $1,679.39
Account value = $1,752.12 (without margin)
Buying power = $539.90
[tag]Portfolio Gain/loss[/tag] this week = 4.33%
[tag]Portfolio[/tag] Gain/Loss for OCTOBER 2009 = 4.33%
Portfolio Gain/loss for 2009 = -24.14%
[tag]Annual Return[/tag] (CAGR): -31.52%
Last week was turbulent, but ended up in positive territory. The Dow reached its new high for 2009 and many stocks rallied during this week, even though a week ago it seemed the market would enter a correction. Well it may happen. There is a lot of crooks predicting another catastrophe and crash out there, but I am trying to follow what the market is doing, not what those doom-predictors say. If they will be right, my stop loss order should get me out of the market, if they won’t be right I should e riding my stocks up. Well, those stocks which will be riding up. Stocks lacking the movement and/or momentum I will sell and keep only those which are heading to the stars.
It is hard to do however.
I have bought a few new stocks, but increased the risk of my portfolio to 7.31%. I need to provide more money or those stocks will have to move higher fast so my trailing stop loss order moves higher and the total risk will reduce. Or sell some stocks. However, Visa and MED are doing well, even RINO is trying to move higher, so soon this shouldn’t be an issue. FUQI is lacking a movement, or slowing down. It still has a momentum, so let’s see the next week. I might sell it if it stops acting better.
Another good thing is that last week I finally paid off one of my personal loans and now I have some free money for funding my investments accounts and pay my credit card debts. I will increase a balance on my trading account to 3,000 dollars and pay off my credit cards. Then I will be funding my ROTH IRA account.
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STEC sold, DFS added
I do not like how (STEC) is acting, struggling to move higher, so I decided to sell it. Instead I have bought some shares of Discover Financial Services (DFS)
10/08/2009 15:25:50 Sold 3 STEC @ 27.441
10/08/2009 15:26:10 Bought 6 DFS @ 17.0394
However, I still keep STEC in my watch list and buy it back after it becomes clear which direction the stock will go. I still believe it is a good company and a good stock with a great growth potential. It just lacks a buying support now.
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RINO added to portfolio
Today I have bought RINO shares to my portfolio. However this trade extended my risk exposure over the limit. I will have to add more cash to the portfolio or sell some other stocks. FUQI and STEC do not act as I wish to see and they may be sold out soon. Let’s see what would happen this or next week.
Here is today’s trade:
10/06/2009 14:36:12 Bought 4 RINO @ 22.7294
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Visa bought back
Well, I decided today morning to buy Visa back. So I did.
10/05/2009 10:14:46 Bought 11 V @ 68.4394
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Picks 09/28 – 10/02
New stock picks this week:
none
Existing & new holdings:
| Symbol | Qty | Last | Gain($) | Gain(%) |
| FUQI | 3 | 26.33 | -8.01 | -9.21 |
| MED | 6 | 19.42 | 6.49 | 5.90 |
| STEC | 3 | 26.77 | -15.09 | -15.81 |
Contribution this week: $0
Current capital exposure: -3.13%
New positions available to open: 0
Starting account value = $1,735.29
Account value = $1,679.39 (without margin)
Buying power = $1,403.57
[tag]Portfolio Gain/loss[/tag] this week = -3.22%
[tag]Portfolio[/tag] Gain/Loss for OCTOBER 2009 = -4.31%
Portfolio Gain/loss for 2009 = -27.29%
[tag]Annual Return[/tag] (CAGR): -34.32%
This week was the weakest one since the rally started. It seems the market may be entering into a correction. The job loss data hit stocks hard and as I expected some stocks were dragged down by the market. Visa has been stopped out and I am expecting further fall next week. I have no trades available to open, so I will be waiting aside and keep my stop loss orders tight. Let’s see how the market will react the next week and deal with the economic data.
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