Wednesday, October 17, 2007
Huge update...
Consistanty inconsistant, it is the name of my game. Glad that nobody reads this blog! Okay, I bought a half position in DCI after it hit my $40.80 target and will be adding to the position if it ever sees $38.50 (maybe...).
Found 3 candidates a few days back (sorry I don't remember the exact day): HWAY, HCBK, and BCR. I can go thru the candidates one by one at another time to put down what I see and why I like them.
And yesterday after the close I found 2 more candidates: HDB and TRAK. I am not completely confident in TRAK and HDB is recovering huge on Wednesday so I don't expect to get a decent entry. Nonetheless, I want to put the information out there and I'll update with details later.
Finally, I am considering playing these candidates in a new way: deep in the money calls. I have been researching the method and am finding things I like and things I don't. Of course the biggest problem is the limited time (except if the stock is optionable with LEAPS) and the decay in time value/extrinsic value. It is something I'm paper trading and will have an idea later whether it is a go or no go. Bascially, I have a small account that I am going to transfer and have the ability to trade options and like the idea of limited but useful leverage.
For now,
Masterjaz out
Found 3 candidates a few days back (sorry I don't remember the exact day): HWAY, HCBK, and BCR. I can go thru the candidates one by one at another time to put down what I see and why I like them.
And yesterday after the close I found 2 more candidates: HDB and TRAK. I am not completely confident in TRAK and HDB is recovering huge on Wednesday so I don't expect to get a decent entry. Nonetheless, I want to put the information out there and I'll update with details later.
Finally, I am considering playing these candidates in a new way: deep in the money calls. I have been researching the method and am finding things I like and things I don't. Of course the biggest problem is the limited time (except if the stock is optionable with LEAPS) and the decay in time value/extrinsic value. It is something I'm paper trading and will have an idea later whether it is a go or no go. Bascially, I have a small account that I am going to transfer and have the ability to trade options and like the idea of limited but useful leverage.
For now,
Masterjaz out
# posted by Masterjaz Out @ 8:57 AM 
