Stock Trades
Quick Update On Market Activities
A quick note to all the readers of STI. I just glanced at the charts of all the major indices and noted that volume has been drying up for last couple of days. Watch out for any year-end rally. I’m looking to go long as long as the rally doesn’t fade away. I already gave [...]
Stock Trade Update: Short More GS
Goldman Sachs (GS) is up over 25 bucks in the last 3 days to my ideal short price (75). It is begging to be shorted here. How can you not short (GS) at this price? Its hard for me not to short this one over here.
Bought 50 GS Jan 50 Puts @ $3.75 (total: 100 [...]
Stock Trade Update: Short ICE And PCLN
I’m really getting spooky by this low volume rally into the resistance areas. Now I’m completely loaded with the shorts in my portfolios. Whatever moves the market makes this week I’m going to just ignore that because of low volume activity during this holiday week. So we have to wait for December to see what [...]
Stock Trade Update: Short RIMM
As I have noted before, these tech stocks are out of sync with this uptrend in the market. Take a look at (AAPL), (GOOG), (BIDU) and (RIMM). Over the last 2 days, the markets have rallied hard but Nasdaq ($COMPQ) doesn’t seem to get off its butt and participate in the rally. This tells me [...]
Stock Trade Update: Short Ralph Lauren (RL)
(RL) bounced off its lows at 30 and moved 10 points towards its prior support (now resistance) around 40-42 area where it converges with 20 DMA. Also we know that the retail/consumer sector is quite pinched to buy expensive stuff this holiday seasons which is sound enough reason to short this high-end retailer.
Short 1000 RL [...]
Stock Trade Update: Short Goldman Sachs (GS)
Well, coming back to my favorite short of this year (quarter), I have decided to take advantage of this nasty bounce in Goldman Sachs (GS) and hit it on the short side. I have a feeling that this stock will be well below $40 by year end (who knows, maybe even lower).
Bought 50 GS Jan [...]
Stock Trade Update: Close AU Shorts
I’m stopped out of my (AU) shorts. This trade did not work out as I had expected and I’m taking a small loss. I’ll keep a tab on these gold stocks (AEM), (NEM), (AU) and the likes for another possible short entry. But for now, bite the bullet.
Cover (Close) 1000 AU shorts @ $20.63 (shorted [...]
Stock Trade Update: Close GS Shorts
Don’t want to be a pig with the market so over-stretched to the downside. Just covered my 1000 GS for a nice gain. I don’t know what it is but we have been making a killing trading (GS). We’re in the middle of chop-fest with a little bias towards the downside. There might be some [...]
Stock Trade Update: Short AngloGold Ashanti (AU)
I have been keeping an eye on gold and gold stocks which had a huge gap up today. One of the name (AEM) was brought to my attention by one of our reader. Since then I have been stalking the whole group for a possible trade (not a day-trade). Today gold have bounced hard to [...]
Stock Trade Update: Short Goldman Sachs (GS)
No explanation needed for this trade. You know my views on Goldman Sachs (GS) and financial stocks in general. Also the bid/ask spread for GS puts is not favorable and thats the reason I’m going with the stock.
Short 1000 GS shares @ $56 (avg). Stop is set to around 60-61.
