Permagnus.com

It’s official now, I’m off for holiday! It’s still in the middle of the day but I already closed all of my position. This last two weeks have been amazing. My portfolio got beaten up before but for the range between late May till late August (that’s today), it’s been up (as in “net profit”) [...]

After 277 point down, the market swing at us with full force to close higher. So where actually are we? There’s no positive news yesterday so I believe that the rally is still based on technical factors (bottom fishing everyone?) in which does not justify a sustainable moves. (NCTY is not a very smart move, [...]

Okay this is so not good: http://www.forbes.com/feeds/ap/2007/08/28/ap4062676.html
The stock is currently down 13% from closing, so not good for my position (didn’t enter strangle or straddle — thinking that the China’s gaming industry is booming). This is so not me. I have to get back into my discipline to NOT playing earnings (or playing it from [...]

Dow Jones plunged yet again in what can be considered the biggest 1-day decline since early August. My trading position took a hit today after gaining quite a lot on previous trading session. The profit that hasn’t been closed was asked back by the market but the overall performance of my portfolio is still in [...]

This week has been an emotional roller coaster (just like the market, although we closed higher for the week for most of the market). This Friday I closed out SPWR (after averaging it down a little, a sin, I know) for almost $1 loss on the trade, sold NVDA for quite a proft (sold @$3.1, [...]

Going to long put PALM now, Sept 21 ‘07 15 put @ $0.70, unfilled
Going to go long call AAPL now, Sept 21 ‘07 125 call @ $10, filled. Average position @ $9.8. AAPL’s candle not looking good. The market is still holding though
Going to go long INTC now, Oct 19 ‘07 22.5 call @$ 2.25, [...]

Can PALM play today bring profit for us? Click the chart to enlarge.
 
I believe it’s safe to buy puts or short if PALM today can’t break a $15 price. William’s %R is still not in an oversold condition so there’s still probability for PALM to go minus for today. As usual, this is only for [...]

Not much trading ideas right now unless Dow Jones can trade above the resistance line that I’ve drew for the last couple of days. Asia is mostly green and so does Europe at the time of this writing (around 4 AM EST). There will be two scenario, Dow Jones opened up above 13100 line and [...]

I was right (well, many are right) that The Fed’s decision to slash its rate on discount window isn’t the cure that the market is expecting and Dow closes down around 30 points in a pretty low volatility session.
Out from 3 trade idea that I posted here, I only execute two of them which is [...]

At the time of this writing, Europe is bouncing back a bit and many are in the green. I’m still uncertain about the long-term market outlook so this will be another short-term play (1-5 days max). So here it goes, I’m going to get long on SPWR (I believe will break its short term bearish [...]