When I wrote my post on July 7th about stocks rallying on earnings expectations I warned about this rally as it is not confirmed and it may fail. Even though the market made an impressive move and achieved great gains since then, it is still in an overall downtrend. Last couple of days I was Continue reading →
Archive for 2010
Picks 07/05 – 07/09
Trading Account: New [tag]stock picks[/tag] this week: Stocks bought or added to portfolio this week: none Stocks dropped from portfolio this week: none Stocks watched this week: none Existing & new [tag]holdings[/tag]: Symbol Qty Last Gain($) Gain(%) Stop ATR Risk tostop (%) [tag]V[/tag] 20 77.38 25.41 1.67 67.28 2.7300 -11.60 Contribution this week: $0 Current Continue reading →
Stocks rallied on earnings expectation
Today, the stock market rallied on earnings expectation, which on the other hand makes me feel like wishful thinking. If the earnings show to be disappointing, the stocks will fall back down. Today’s gains were very impressive as the Dow Jones Industrial Average (DJIA 10,018, +274.66, +2.82%) closed above 10,000 points for the first time Continue reading →
Picks 06/28 – 07/02
Trading Account: New [tag]stock picks[/tag] this week: Stocks bought or added to portfolio this week: none Stocks dropped from portfolio this week: none Stocks watched this week: Existing & new [tag]holdings[/tag]: Symbol Qty Last Gain($) Gain(%) Stop ATR Risk tostop (%) [tag]V[/tag] 20 73.18 -58.59 -3.85 67.28 2.7400 -11.60 Contribution this week: $0 Current [tag]capital Continue reading →
Market slips into a correction after US consumer confidence data
Stocks dropped more than 2 percent on Tuesday after data showed U.S. consumer confidence fell steeply in June on worries about the labor market. Based on that I am considering the market being in correction. No new buys during this time in my trading account (well, right now I do not have free money anyway).
Picks 06/21 – 06/25
Trading Account: New [tag]stock picks[/tag] this week: Stocks bought or added to portfolio this week: none Stocks dropped from portfolio this week: none Stocks watched this week: Existing & new [tag]holdings[/tag]: Symbol Qty Last Gain($) Gain(%) Stop ATR Risk tostop (%) [tag]V[/tag] 20 76.66 11.01 0.72 67.28 2.8900 -11.60 Contribution this week: $0 Current [tag]capital Continue reading →
AOD dropped from portfolio, JNJ added.
Yesterday Alpine Total Dynamic Dividend Fund (AOD) dropped significantly down in price and today it continued down as well at the same speed as yesterday. On discussion boards I could find busy discussion why that happened. Mostly the concern was about a recent article by Dan Plettner at Seeking Alpha who wrote in his “Alpine’s Continue reading →
Picks 06/14 – 06/18
Trading Account: New [tag]stock picks[/tag] this week: Stocks bought or added to portfolio this week: 06/16/2010 Bought 20 V @ 76.1094 Stocks dropped from portfolio this week: none Stocks watched this week: Existing & new [tag]holdings[/tag]: Symbol Qty Last Gain($) Gain(%) Stop ATR Risk tostop (%) [tag]V[/tag] 20 77.04 18.61 1.22 67.28 2.4400 -11.60 Contribution Continue reading →
What’s happening with IGD?
Today Global Equity Dividend & Premium Opportunity Fund (IGD) dropped price by almost 6%. Why is it happening? The fund announced a distribution yesterday and it meant another distribution decrease (a third decrease in a row). ING Investments, LLC announced the monthly distributions on the common shares of two of its closed-end funds: ING Global Continue reading →
Visa added to portfolio
Today I have bought Visa to my portfolio. I am expecting the stock to rise to $100 per share by the end of the year. Revenue growth is expected at 14% during the next five years. The stock will benefit from the economy recovery in the long run. 06/16/2010 10:33:26 Bought 20 V @ 76.1094
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