3 years ago
Thursday, December 29, 2011
Friday, September 16, 2011
Mistake of this week
I twitted on Monday 9/12 when amzn was near 50MA (around 209) as a good buy with stop if close below 50MA.
Guess where it is today, only after 5 days....at $235.00. A huge 25.00 move. So disappointed......
Tuesday, August 30, 2011
Recap of 8/30/2011
Got stopped out in my JRCC trade with 7% profit.
BBY still in place. I bought that one yesterday at 25.48. Current stop standing at 24.88. About 2.5% stop loss.
Got stopped out of TNA at 46.22 and then it moved all the way to 50. It was frustrating. Hoping to comedown little as market is up almost 5% (at least RUT) in last two days.
Also could not do any more trading in IRA as i am out of day trades in that account.
In other account, bought AMZN sept calls at 8.00 and it went almost 12.00 but to minimize risk, i sold weekly of same strike price at 6:30 so will know in three days about weekly. Also will know if it was good move. I sold weekly when i had profit of 200, should have waited more for better price on selling calls but all part of learning.
Sold two LVS calls for 90% profit (2.80 to 5.30) in two days. Also it was good desion yesterday to sell GLD puts for 15 % profit. Gold was almost 3% up today. That would have erased all losses and have put me in loss.
Also got some TZA at 41.70. THis time i used buy on strength and didn't work well. Almost 4% down now. Hoping market is overbought and will get some pull back tomorrow to breakeven :)
I had also put note yesterday to buy both NFLX and VMW if goes above 200 MA, but didn't pull the trigeer and now NFLX is almost 5% up and VMW is about 2% up from that point.
Monday, August 29, 2011
Stocks to monitor tomorrow
Amzn closed above 50 MA. Buy on pullback with stop below 50 MA.
EQIX closed above 200 MA and should be a good buy around 200 MA with stop below 200MA.
ISRG, pullback to 50 MA should be good entry.
TSU breaking out to new high. Little puback is a good entry point with stop below 30.00
Thursday, December 16, 2010
Taxes - How it really works
Suppose that every day, ten men go out for beer and the bill for all ten comes to $100...
If they paid their bill the way we pay our taxes, it would go something like this...
The first four men (the poorest) would pay nothing.
The fifth would pay $1.
The sixth would pay $3.
The seventh would pay $7..
The eighth would pay $12.
The ninth would pay $18.
The tenth man (the richest) would pay $59.
So, that's what they decided to do..
The ten men drank in the bar every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve ball. "Since you are all such good customers," he said, "I'm going to reduce the cost of your daily beer by $20". Drinks for the ten men would now cost just $80.
The group still wanted to pay their bill the way we pay our taxes. So the first four men were unaffected. They would still drink for free. But what about the other six men? The paying customers? How could they divide the $20 windfall so that everyone would get his fair share?
They realized that $20 divided by six is $3.33. But if they subtracted that from everybody's share, then the fifth man and the sixth man would each end up being paid to drink his beer.
So, the bar owner suggested that it would be fair to reduce each man's bill by a higher percentage the poorer he was, to follow the principle of the tax system they had been using, and he proceeded to work out the amounts he suggested that each should now pay.
And so the fifth man, like the first four, now paid nothing (100% saving).
The sixth now paid $2 instead of $3 (33% saving).
The seventh now paid $5 instead of $7 (28% saving).
The eighth now paid $9 instead of $12 (25% saving).
The ninth now paid $14 instead of $18 (22% saving).
The tenth now paid $49 instead of $59 (16% saving).
Each of the six was better off than before. And the first four continued to drink for free. But, once outside the bar, the men began to compare their savings.
"I only got a dollar out of the $20 saving," declared the sixth man. He pointed to the tenth man, "but he got $10!"
"Yeah, that's right," exclaimed the fifth man. "I only saved a dollar too. It's unfair that he got ten times more benefit than me!"
"That's true!" shouted the seventh man. "Why should he get $10 back, when I got only $2? The wealthy get all the breaks!"
"Wait a minute," yelled the first four men in unison, "we didn't get anything at all. This new tax system exploits the poor!"
The nine men surrounded the tenth and beat him up.
The next night the tenth man didn't show up for drinks, so the nine sat down and had their beers without him. But when it came time to pay the bill, they discovered something important. They didn't have enough money between all of them for even half of the bill!
And that, boys and girls, journalists and government ministers, is how our tax system works. The people who already pay the highest taxes will naturally get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore. In fact, they might start drinking overseas, where the atmosphere is somewhat friendlier.
David R. Kamerschen, Ph.D.
Professor of Economics.
For those who understand, no explanation is needed.
For those who do not understand, no explanation is possible
PS --- IT'S YOUR TURN TO PAY !!!!!
If they paid their bill the way we pay our taxes, it would go something like this...
The first four men (the poorest) would pay nothing.
The fifth would pay $1.
The sixth would pay $3.
The seventh would pay $7..
The eighth would pay $12.
The ninth would pay $18.
The tenth man (the richest) would pay $59.
So, that's what they decided to do..
The ten men drank in the bar every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve ball. "Since you are all such good customers," he said, "I'm going to reduce the cost of your daily beer by $20". Drinks for the ten men would now cost just $80.
The group still wanted to pay their bill the way we pay our taxes. So the first four men were unaffected. They would still drink for free. But what about the other six men? The paying customers? How could they divide the $20 windfall so that everyone would get his fair share?
They realized that $20 divided by six is $3.33. But if they subtracted that from everybody's share, then the fifth man and the sixth man would each end up being paid to drink his beer.
So, the bar owner suggested that it would be fair to reduce each man's bill by a higher percentage the poorer he was, to follow the principle of the tax system they had been using, and he proceeded to work out the amounts he suggested that each should now pay.
And so the fifth man, like the first four, now paid nothing (100% saving).
The sixth now paid $2 instead of $3 (33% saving).
The seventh now paid $5 instead of $7 (28% saving).
The eighth now paid $9 instead of $12 (25% saving).
The ninth now paid $14 instead of $18 (22% saving).
The tenth now paid $49 instead of $59 (16% saving).
Each of the six was better off than before. And the first four continued to drink for free. But, once outside the bar, the men began to compare their savings.
"I only got a dollar out of the $20 saving," declared the sixth man. He pointed to the tenth man, "but he got $10!"
"Yeah, that's right," exclaimed the fifth man. "I only saved a dollar too. It's unfair that he got ten times more benefit than me!"
"That's true!" shouted the seventh man. "Why should he get $10 back, when I got only $2? The wealthy get all the breaks!"
"Wait a minute," yelled the first four men in unison, "we didn't get anything at all. This new tax system exploits the poor!"
The nine men surrounded the tenth and beat him up.
The next night the tenth man didn't show up for drinks, so the nine sat down and had their beers without him. But when it came time to pay the bill, they discovered something important. They didn't have enough money between all of them for even half of the bill!
And that, boys and girls, journalists and government ministers, is how our tax system works. The people who already pay the highest taxes will naturally get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore. In fact, they might start drinking overseas, where the atmosphere is somewhat friendlier.
David R. Kamerschen, Ph.D.
Professor of Economics.
For those who understand, no explanation is needed.
For those who do not understand, no explanation is possible
PS --- IT'S YOUR TURN TO PAY !!!!!
Friday, October 29, 2010
New possible Short - NUE
NUE has been in down trend as well as in kind of channel of 40 to 37 for last few weeks. I think its a good short if you can get around 38 or higher. 38.35 is 50 day MA and i think it will have tough time go above it.
If you see volume pattern , then in last few weeks you have high selling and low buying.
RSI(14) is also weak.
If you see volume pattern , then in last few weeks you have high selling and low buying.
RSI(14) is also weak.
UNG follow up
I posted twitter around Aug 9th for Possible H&S breakdown on UNG and possible test of low's 5.
Here is the post
I think it looks like it has reached that possible target and now its a trade to go long with stop below 5. If get get little weakness in it, then it is better entry price.
Here is the post
I think it looks like it has reached that possible target and now its a trade to go long with stop below 5. If get get little weakness in it, then it is better entry price.
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