Bought 15 shares of AAPL at $134.15

After the rate cut, I bought 15 shares of AAPL at $134.15. Just thinking that their stock has been beat down badly after the earning report. Furthermore, the technical indicator shows that the stock has been oversold in the past few days and start to regain some momentum up. I will hold on these at least for few days.

Bought 10 shares of GOOG at $545

Yahoo! just reported a result today and their profit falls as Google gains market share. I bought 10 shares in the after market for $545. The 10 days technical indicator showing that it should go up. Moreover, Google will have earning report on January 31. I'm still deciding whether I should hold it through the earning or selling it right before it. At this volatile market, I don't know what I need to do but we'll just see how Google stock react tomorrow.

Cover AXP at $47.50

Well, I think there's so much hope for Fed cut, although the revenue is under analyst estimate the stock still bouncing up. Last night, before I went to sleep I send a cover order for $45 which is pretty realistic considering it was $46 in after-hour market. I cover my position at $47.50 which I lost 1.68% including commission after one day period. I just don't want to risk the stock getting higher when the fed cut. It's not safe to hold any position at this current market situation. I wish I start shorting in January to make big bucks, but oh well, it's a learning curve.

Note: I also missed shorting VMW when they report earning yesterday. If I know they are going to report earning, I will definitely short them since there are so much expectation by investors and if they miss the analyst estimate, the stock will plunge hard which is what happened today.

Short FSLR and cover my position

Today, I short 10 shares of FSLR @ 178.02 each. And in the very same day, I cover my position for both BIDU and FSLR at $295 and $175 respectively. I gain about 1.88% for BIDU over the weekend and 1.73% for FSLR at the same day. I don't want to hold any position overnight since Fed meeting is tomorrow. I still don't know how the market will react. If the fed cut quarter point then there will be disaster, otherwise if half point, I'm sure it will just go sideways.

Update: I also short 30 shares of American Express (AXP) at $47 each since they will have earning report after market close today. So far, the financial sector always gives bad report and I believe the earning report for AXP would not be great as well, given the market sentiment. The price should go sideways if it's inline with analyst expectation, althought any a bit of bad report or lower guidance will bring it down.

Sell-Off today

After a great earning report by Microsoft and Caterpillar, DJI up 100 points when open but after renewed weakness in the financial sector. I sold all my positions today which includes MSFT, GRMN, SINA, CHL, GME, and YHOO. I still lost a lot of money and gain a bit. I profit 1.56% with MSFT, lost 39.22% with GRMN, 26.50% with SINA, 24.91% with CHL, 14.34% with GME, and 32.92% with YHOO. I know it's a big loss but I think I hold too long with all these shares and didn't pay attention to market sentiment. I learned that hope is not a strategy and that has been a big lesson for me.

As a trader, not a long-term investor, I should pay attention more to the technical indicator instead of the fundamental which what happened to GRMN, despite all the good news the stock price keep dropping everyday. In the other hand I short 10 shares of BIDU at $300.54. This is my first time shorting so we'll see how it goes.

Bought 20 shares of MSFT @ $32.64

Microsoft has a great jump today and indicator shows that the stock should go up. Therefore, I bought 20 shares of MSFT for $32.64 each. Plus, their earning is announced after the market close. They should report a good number due to increased sales in game division. We'll see how it goes :)

Sell 60 shares of CC @ $4.32

After AAPL reported the earning and have a bearish outlook. Their stock dropped so much and bring the overall market down in the after market. Not wanting to be greedy, I set a stop limit on my CC @ $4.32 which represents 15% of profit. The order got executed this morning. Although, it went up to over $5 but I'm happy I'm making 15% in only 5 days. I know the profit is not much due to my small investment but hey it's a start!

Fed Cut!

Fed has been very generous today, they lowered its federal funds rate, which impacts how much consumers pay on credit card debt, home equity lines of credit and auto loans, to 3.5 percent from 4.25 percent and its discount rate, which is what it costs banks to borrow directly from the central bank, by three-quarters of a point, to 4 percent.

The global sell off that happened everywhere else around the world on monday prompted them to setup an emergency meeting to cut the rate. Dow Jones Industrial index was down 400 points early in the morning but recover after the Fed announcement also it's still down 128 points from previous close.

Meanwhile, my CC is doing really well, my position up 20% from my Friday buy. Too bad, I only bought few shares since I don't have enough buying power. Anyway, I still glad that I bought it. We'll see how it's going tomorrow after AAPL report their earning.

Bought 60 shares of CC @ $3.81

After down for around 28% of my total portfolio, I started reading on trading stock based on technical indicator. To test my knowledge, I bought 60 shares of CC @ $3.81 per share. The technical indicator for CC showing a good bullish progress. The stock has been beat down severely over the last couple months. So I was thinking why not test my newly acquired knowledge. Either way, it's a really small money since that's all I have left in my buying power. LoL... We'll see if my guess is right!

Sell 25 shares of BA @ $79.95

I sell my position of BA (Boeing Airlines) today after Fitch revises the stock rating from positive to stable due to possibility of another delay of the 787. After holding this stock for several months, I decided to cut my loss at 16.37% for a period of 3 months.

What's wrong with people!

I have the largest position on GME. I still believe in gaming sector, therefore, I still keep my position in GME. Today, they announced the result of holiday sales. All the numbers are up, they even raised guidance for Q4 result. However, the stock price plunge more than 5% despite of those positive numbers, I just don't get it sometimes. One Analyst said that "people sell on the news" no matter if it's a good news or bad news. The technical indicators also not looking so great for GME. Pretty soon, people will need to realize that GME is actually a great stock to buy especially after it replaces Dow Jones in S & P 500 index.

GRMN Fall!

After an analyst reduce the target price for GRMN yesterday. Today, it got downgraded by Deutsche Securities from Buy to Hold. The stock price dropped as much as 12% in mid-day. I still hold on to my position since now it has normal P/E compared to competitors so I believe it won't drop down any further.

AAPL finally make its way up after several days of severe beating and go as low as $168.30 but at the end of closing day go back up to $179.40. I hope the uptrend will continue as we start on this new year.

What a crazy market!

Wow... what a brutal sell-off last Friday, all my positions going down, I lost $1k overnight. Today, as in this time of writing, it doesn't get any better. This is a crazy market, investors overreact on any bad news, stock prices can goes down dramatically but really slow to creep up and just before it goes back to its value before it went down, it got hit by another bad news. The U.S. market is really scary these days. I do not consider adding any position in these time, look at AAPL? from $200+ to $180 in matter of days! I think AAPL should be at least more immune than any other volatile stock but it seemed that's not the case. Just brace your self through this bumpy ride, I hope the fed will throw in more good news to fix this chaos! The least they can do is to do a rate cut by half point when they meet the end of this month.

Happy 2008!!!

Wow a year has passed already and we are now heading to 2008! So far year 2007 is not really serving us good with the subprime mess, collapse of china stock. So far, I have lost a big percentage on my china stocks including Yahoo! due to Alibaba hype. Although I still hold most of it and I'm sure in the near term the value will eventually go up again.

I haven't update this blog for a while since I was pretty busy at work and as I mentioned before, I'm trying to restrain myself from buying more stocks in this market. I also just got back from my vacation in Vegas (well I lose some money although not so much).

During my last blog entry I purchased some GME and GRMN. On Dec. 5th I bought 50 shares of GME @ 60.25 in the after-hour market after I heard the news that it will replace Dow Jones in S & P 500! I think I got excited too fast since the next morning it just glance around $58 the next morning. Lesson learned: don't get too excited in after market hour. After few days, on Dec. 11 I bought additional 50 shares of GME @ $58.35 since I believe gaming industry is still really hot for next year.

I also bought GRMN at $108.70 and $107.20 on the same days when the price is keep dropping after heard the news about their contract with homeland security, although so far the stock price is not reacting really well but I still keep my faith!

O well that's all for the update, after I sell some of my positions probably I can be more actively trading. I missed the opportunity to get AAPL at $179 when I maxed out my margin :(