Time To Buy GLW

    I think the days of riding sideways are finally over for Corning (GLW). The stock has been trading between $20 and $26 for two years straight and it looks to be making a move. The 50 day moving average has just crossed the 200 going into what is expected to be a strong earnings report. Last time this happened it made a 20% move to $27.25 setting a 52 week high. With earnings Tuesday, I recommend buying ahead of earnings for a nice trade. Good numbers out of GLW will most likely send GLW to the 52 week high list.




    Yesterday's AAPL and AMZN Earnings

    Yesterday's earnings went as expected. AAPL announced their best March quarter ever destroying the estimates. They sold 2.29 million Macs, 1.7 million iPhones and 10.6 million iPods. The iPhone number was shocking considering AT&T announced activating only 700k iPhones during the quarter. That means one million iPhones were bought, unlocked and activated on other networks.

    AMZN had a nice quarter as well with net sales increasing 37%. The only problem here was that AMZN's stock doubled last year and expectations were high. There is nothing they could have announced which would have sent their stock higher.

    Both stocks moved as planned but I am still down on the AMZN trade. I purchased AAPL 12 days ago at $154.24 and now it is trading at $167.75 (I am up 8.75%). I sold AMZN short on the same day at $73.02 and it is now trading at $78.07 (I am down $6.9). APPL is up after it's earnings and AMZN is down after it's earnings which is exactly as I anticipated. What I hadn't anticipated was Google's monster earnings last week lifting AMZN the way it did.

    At this point I am going to hold my AAPL and look for an exit on AMZN. I still think AMZN will trade lower and there is a chance I still might come out ahead on that one. I need to free up some cash though, because I have my eye on a couple stocks that I want to get into before their earnings.



    Problems With Scottrader On Leopard

    So I have been going back and forth with the Scottrade Customer Service people for a week now and still no solution to my problem with Scottrader. Scottrader has been acting buggy as hell, lags and bugs galore. They had me clear my cache, java cache and all the things you would think but there is still issues. It seems to stem from the fact that Leopard does not support Java 6. I guess that means it's Apples fault, but its Scottrade's problem. If they implemented a new version of Scottrader which is dependent on some part of Java 6 then they basically just screwed all of their Mac users. This is a HUGE problem, to the point where I might consider switching to another broker if not resolved soon. If anyone else is having problems with Scottrader on Leopard, or has a possible solution, comment below.



    Dont Let The Daily Movements Affect Your Overall Plan

    If you are not looking to make quick trades, there is a definate disadvantage of having your live stream up on your screen's every day. The twitchy daily movements of the market seem to have a much greater impact than they really do. Sometimes you need to remember to just sit back and analyze the overall trend..
    EXAMPLE:

    I have been short UA for some time now. I have been in the green for the majority of the trade but I started to get a little bit worried yesterday. On Thursday of last week the stock was trading at roughly $32 and Monday it hit a high of $37.44.



    Now usually this would throw up some serious flags and I would be tempted to get out while I am still in the money. But luckily I am learning to relax and not let the twitchyness of the market cloud my judgment. As you can see below, this GIANT $5 MOVE was nothing but a blip on the chart of a stock spiraling out of control.




    The Hardest Game In The World

    After three days of frustration I have finally beat THE HARDEST GAME IN THE WORLD. Once I start playing games like this it is impossible for me to stop. Truthfully I wish Dylan never showed me this. But once I started playing... there was no stopping me. See how many deaths I had!!! jeeez. I am just glad this is over. Give it a shot and let me know what you think!



    Proof that I actually beat this shit!
    The Last LevelI Won!



    When Google Owns Everything

    Casi and I were chatting and I brought up that Google was going to start selling tv advertising. She was like WTF! are they trying to do everything?? Yeah they are, soon everthing is going to be googalized! This lead to about a half hour of us coming up with awesome google words:

    Googlishious - Googtacular - Googorama - Googley - Goognormous - Googalization - Googtastic - Googness - Googantuant - Goognation

    I told her that beer shes drinking might some day be a Googweiser or a Goog Light. That led into another half hour of Googalized people, products, companies & places:

    Googneyland - gBeach - Drive a Googyota - Barack GooBama - Shop at Googstroms - Produce from Googbertsons - Gas from Argo - Snacks from sevenGleven - Sippn Goognotiq - Knots Googley Farm - Googlifornia

    When it was over I couldnt resist throwing together some Googalized logoz. Enjoy!



    20th Century Goo



    24 Hour Gooness



    Beyond Googtroleum



    Citigoog - Corporate & Investment Banking



    Disgover Card



    Wells Googo Bank



    GOL



    Gooz-its



    Goog Warner Cable



    Goorriott Hotels and Resorts



    Uncle Googs Rice



    Googbucks Coffee



    Googlebees Restaurant



    Googaroni & Cheese



    Gox Cable



    The Ritz-Googleton



    Googbuster Video



    GSPN Classics



    Googboy TV



    The Mighty Googs



    Goog of America



    Fed-Ex Ginkos



    Gotorola



    Googstrom



    GNN



    Goog In The Box



    Googmerican Express



    Washington Googtual





    Stock Picking Validation

    Sometimes its nice to get validation that you made the right decisions. The portfolio I put together the other day is acting beautifully today. Now I know not to expect this every day, but at least I know I am going down the right path with the Rockn A Full Portfolio strategy. The three stocks at the top I am short the rest I am long. Looks nice dosn't it?



    Sometimes you just KNOW

    Once again I talk up a storm about what im going to do and then don't follow through. I guess thats the point of this blog, I can post my analysis and then get fucking pissed when I dont do what I said I would. At least I tried this time though.

    On September 19 2007 I posted my feelings on CROX and how I felt it was a steaming pile of shit. To quote it exactly I said "These things are a fad and this stock is going to die." I took a big short position that day @ $55 but got stopped out 5 days later at $59.

    In hindsight I am glad I set such a close stop because over the next month and a half CROX flew to the $75 mark. Had I not put the stop I would have probably bought back the shares at a much higher price. The day I got stopped out I posted my analysis of the situation. "I got stopped out on CROX today at $59. I think this was a combination of bad timing, and bad timing =). Maybe I am a little too early? CROX will fall, maybe I wait till after the holidays."

    When earnings came around I wasn't paying attention and completely missed the bout. CROX dropped from 75.21 to 33.75 in one week. Boy did that get my attention. I revisited CROX for a small day-trade on Dec. 11 and made a little $. On Jan 23 I posted about Choosing A Dog and referred again back to CROX again when I was analyzing VMW for a potential short (I wasnt able to stick with that one either, and it would have been a $ maker).

    Today was CROX earnings announcement and once again it is getting PWNED. The stock I first shorted at $55 is now down at $10.50 over the course of 6 months and I just watched it happen from the sidelines.

    A couple times a year a stock presents itself and I KNOW without a doubt which direction it is going. CROX was one of those stocks. I have had many theories on how to play the market and one of them goes like this: Wait for the opportunities that you are 100% sure of, and keep a lot of cash on hand so you are prepared when it presents itself.

    If I could do this I would be making a ton more money and be trading A LOT less. Patience is the key to investing. Every time a situation like CROX happens, I get a little closer to fully realizing this. Some day I might just get the courage to stick to my plan.




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