Posts tagged cc

CONTEST!

It seems that i will be giving away a 15 dollar itunes giftcard or a 5$ paypal direct deposit to the person who guesses CC’s Closing price on tuesday.

Get posting and remember, guesses must be in before early trading on tuesday.

This contest is sponsored by THECODYREPORT.NET

So go there and help me hold more.

Break over, its time to assault the market

I decided to stay out of the market for the past two days, I just didnt have the time to spend the normal amount of attention to the market that i wanted, and on top of that, have you seen the market?

Sometimes the best trading move you can make is to not trade at all.

However, it is now time to get back in. It is my belief that the market is going to be going up for the next few days, and I intend to take advantage of this

Stocks that I’m going to try be diving into before Friday are:

  • (GOOG) – reasoning will be located (here)
  • (LEH)- Call it suicide, it probably is
  • (CROX)- Because of great information from TheCodyReport
  • (SSO)- I believe the S&P will be up 3%+ more by the end of the week, transferring to a 6% gain
  • (CC)- It is my belief there will be a news item on CC within the week

Number 1 threat to the market this week: Bears

Why I sold the rest of my stock in CC

So I did something i don’t usually do today, I liquidated my long position on Circuit City (CC) today because of the pattern it was in, along with the fact that I could see no improvement, at all, in the price for the next three days.

It turns out i was extremely lucky, because as evidenced by the chart below, there was a rather rapid price drop soon after my sell (wall street must have my computer bugged, lol)

My Circuit City (cc) Trade

Either way, stay tuned for the next post to find out the money making trade i executed with my Circuit City(cc) cash, which will be located HERE.

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Guess CC’s Closing price before 3:00pm and win money!

Thats right, in a shameless move to promote my blog, i am giving away 5$ via paypal to the person who guesses the correct closing price, and weather this is down from its highs, at its highs, and also if its above or below where it was at 12:00, 1:00 and 3:00

So a valid guess would be  something like

19.73(completely fake), down from highs, up from 12, down from 1, up from 3

get posting!

Why Yahoo Will be a great buy tommrow.

Ok, SO I DO NOT RECCOMEND BUYING AT THE OPEN. I wanted to make that clear.

However, if you want to grab yahoo, there may be some oppourtunity to buy the weakness when the stock hits levels below 19.

My Lehman trade

My Lehman brothers trade was made on the reasoning that Lehman wouldnt go bankrupt, this was based on sound research I did, and a bottom that was evidenced earlier in the day

Yahoo will be in the same sort of situation that LEH was in back this year when i made an 80%+ profit.

Your yahoo trade

If you see yahoo go below its lows, it is most likely from all of the selling action, and with the likelyhood of price recovery being quite high when the shorts start to cover, you may want to pic a percentage and buy, then you can thank msft