First Short Daytrade- HOKU
Today I decided to test my skills at daytrading. I have been waking up before the market for the past 2 weeks waiting to test my skills. Today came the perfect opportunity.

I have been keeping my eye on HOKU since i sold my short position 2 weeks ago. This stock has moved so much in recent months which is making it extremely volatile. I have been watching it waiting for a downward breakout. I prefer to short this stock because it has moved up SO MUCH in recent weeks that i dont see too much upside left... LOTS OF DOWNSIDE THOUGH. The stock opened and quickly jumped to its all time high, 14.55. I thought about shorting there but it was just too risky. There was no news but who knows if it will go higher. After it hit that high it tumbled down just below 14. After bouncing off 14 twice, I noticed it had created some resistance there. I sold short 300 shares @ 14 swore to sell if it reached 14.20.

The volume had gotten thinner and thinner, at 9:55 it made its last attempt at 14, failed and got pummeled. I was looking to make .30 a share but it flew past 13.70. I bought back the entire position at 13.35 making a cool 4.6% in a matter of minutes. The stock did bottom out at $13.00 but finally closed at $13.41.

All in all it couldnt have gone better.
I am going to make a list of super volatile stocks for times when im in the mood for daytrading. Considering all the money you can make, I should ALWAYS be in the mood. Problem is it is very time consuming, and sorta stressful. But if I am making money its totally worth it.
16 Jul 2007


NYX Gets An Upgrade
NYX got an upgrade from Lehman Brothers today boosting their rating from Overweight to Equal Weight. They have a $95 price target on the stock. I bought in at 75 and it closed at 82. I still think this stock has great potential when you consider the runs all the other exchanges have had this year and last.

Investors were worried that they would rush out and make another aquisition the second the Euronext deal was done. Obviously this did not happen. That is why the stock has been dragging. If it gets to 85 tomorrow I will probably sell and buy some back lower.
11 Jul 2007


Trimming Down
I leave for my dads wedding in Vegas today. This seems like a good excuse to trim some of my holdings. The market is running nicely and it seems lika a good time to get out of my short positions.
AAPL ran over expectations over the iPhone selling record amounts.
I was officially WRONG on that one and I will never bet against apple again... its just to risky.
I bought AAPL back at $131.94.

I noticed HOKU starting to run so I bought that back as well @ $11.00.
It eventually flew to 12.33 so i'm sure glad I acted quickly. Too bad I didnt short again at those levels because it closed at $11.42. I will most likely trade this stock again. I like how liquid and volatile it is.

JSDA, which I have been down on ever since I bought in, is exploding today on no news. I love this stock and I think it will go much higher, but I also think I can buy back in at lower levels. I sold today at $18.25 booking a nice 2.25 a share profit. I will definitely pick up some more when the price is right.

As for the rest of my portfolio (NYX, MAG, RACK) I am not seeing much action. NYX is popping today and I have finally gone into the green on that one. It is hated so much it is nice to see it finally going up. RACK has not moved much at all. If we get some news and a nice pop, I will probably dump it.
05 Jul 2007


HOKU
Hoku has gone up 300% in the last three weeks. It has gone from having a market cap of $75 million to being worth $178 million. So can a company grow at 100% a week forever. No Way! This is a major hype deal and I am going to short the hell out of it. I hopped in today Short @ $10.95.
29 Jun 2007


NYX- Plan
NYX has been getting beat down for some time. Competition among the exchanges is getting fierce. This is one of Cramers Top growth picks for the year and I have no problem trading based on that alone. He believes that Euronext should be $100 a share if it was trading by itself. With NYX's acquisition or Euronext this thing should be MUCH higher.
Today NYX announced their earnings will be released Aug. 2 and I think they will be amazing. Since this stock has gotten pummelled for so long I think it might trade up going into the earnings. I will decide whether I want to hang on or sell into the earnings based on the action I see going in to it.
29 Jun 2007


My Core Rule
My core rule has always been to buy stocks that are going up and sell ones that are going down. Makes sense right??? If it was only that easy!! I find myself right now tearing that rule to shreads. Lets look at the positions I have.

AAPL Short @ 120 (up 70% in 6 months)
HOKU Short @ 10.95 (up 100% in 2 weeks)
JSDA Long @ 16.00 (down 55% in 3 months)
RACK Long @ 13.00 (down 66% in 6 months)
NYX Long @ 74.25 (down 33% in 6 months)

I am beginning to see a pattern here. Every stock that I am long is trending down and every stock I am short is trending up. Who am I to predict when a stock is going to change directions? Sure, HOKU is up 100% in 2 weeks (i feel pretty good about my positions here), that is seriously pushing it. I guess if half of these picks do what I expect them to I will do fine.

Should I keep pretending to trade by my core rule? It does make sense right? Or do I need to reexamine it?
29 Jun 2007


AAPL Start The Party Early
This morning Apple and AT&T announced the monthly plans for the iPhone. Only $60 a month... not bad... Anyway, without realizing it they are starting the party early. If you havn't made the swap now (Long to Short) you better hurry. Time is running out.


Click here if you have no idea what i'm talking about.
26 Jun 2007


Bet Against Apple - Get A Free iPhone
For those of you who want to get a free iPhone listen up. We all know that the iPhone is one of the most revolutionary phones in history. It will change mobile devices forever whether you believe the hype or not. News like this does not come often and there is always a big trade to be had. So what is the trade to make $$$ off the iPhone release?

Short The $hiT Out of AAPL

Now don't get me wrong, as a web developer/graphic designer there is no company (not even Google) that I respect more than Apple. That being said, this is about making money and you can't let your emotions get in the way. Is taking your profit from shorting a stock to buy that company's product really unethical???

One of the oldest sayings in the market is "Buy the rumor, Sell the news". We have seen it work time and time again. Once the iPhone is released, what news does AAPL have left? The potential revenue and the speculation around the iPhone is already built into the price of AAPL's stock anywhere above $120 a share.

Lets look at AAPL's chart since the Jan. 8th announcement. The stock exploded on the news of the phone at MacWorld. Since Apple had never preannounced a product before, everyone hopped in buying up every share they could find shooting the stock up 20%. Oh, its not available until July?? SELL SELL SELL back down to where it was before the announcement.


Ever since then its been rumor after rumor, press release after press release, blogs, newspapers tv reporters, iPhone iPhone iPhone. These "rumors" have taken the stock on a wild ride up over 50% in just 6 months. Untill its June 29th release only a select few have ever actually laid eyes on an iPhone. This my friends is why the iPhone (up until this Friday) is classified as a rumor.

Now sure, the iPhone launch will attract A LOT of attention and probably some new Apple investors (suckers). They will hear about the long lines at the AT&T/Cingular Stores. They will hear about how people are fighting over them and waiting in line all night to own one. None of this matters. The people who run the money on WallStreet have priced all of this into the stock.

So how do you get a free iPhone? It is simple, short 25 shares of AAPL from $125 (or higher) down to $100 in the 2 weeks following the iPhone release. Take the $625 profit and go pick yourself up an iPhone. Don't forget to put a stop somewhere around $129 just in case Mr. Jobs has something else up his sleeve. (its happened before)

It has been a great year for Apple investors. Those of us who bought in 1 year ago today have seen a 100%+ gain. But all good things must come to an end. Its time to make some money down the other side of the mountain.
25 Jun 2007


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