Irrationally mad decision making to obtain the American Dream.

my big 2009 stock picks – new option practice trades going into new year

hello. how has your stock trading been going these days? currently I’m reading the Dick Davis Dividend. a big fat book with a lot of “i don’t knows” in it. i’m about only 30 pages in to it. definitely a slow read and waiting for the good stuff. i’ve never known a writer so interested in summer camp. i couldn’t stand the ones i was a counselor at so i suppose its how much you dig it.

for my 2009 big stock picks (For myself):

i have a strong conviction that X Steel (X) currently at $38 is going back up up up. it just recently broke its downtrend and slow like a crater tippy toeing back up. i could be wrong and like mr. davis “i don’t know” because there are so many “ifs” in the market that change circumstances, but for now if i bet my life on it i’d buy X call options and the stock (covered calls). even in a slow economy we are still building and so is many growing countries such as china and india. other stocks i see ripe are Apple (AAPL) at $98. it recently hit $110. i see everyone with an iPod and many people i know and people i meet talk about how they want to buy an apple computer. when you go into their mall show room retail stores its stuffed with helpful workers and masses of interested potential and current apple fans. i think another star is AMAT Technologies (AMAT). currently at $10 it is one of those innovative companies and with obama’s energy bill it should strike some wicked fat solar contracts. southwestern energy company (SWN) is always knocking its head with the trend. if you look at the charts its broke its trend and has been moving sideways. its currently on its low so i expect it to move past $30 again currently at $28+ a share. lastly the credit card companies Mastercard (MA) and Visa (V) are both on a tidal wave and likely profiting from this credit mess and consumers going back to credit card use not home equity for all those christmas presents this year for the kiddies. V at $52 still new to the stock market exchange is likely to move quicker past $60 i think.

for my stock trades i’m currently still up +690% since august 2008. if i would have sold out of my last option trades sooner i would have been up more but because i neglected them i lost over 130% on those trades, but that’s okay i’m back in practicing again and that is what counts. i just need to keep practicing even when I see a stock like HOKU at $2.89 and I want to be in it. the more practicing i do the closer and sooner i will get to my goal of understand my stocks better to trade them with less risk and what pisses me off the most is telling me trading in the stock market is gambling. it isn’t if you take real calculated risks which i am practicing on this year.

see recent practice trades going into new year 2009:
12-12-08-fn1

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2 responses

  1. bloghak

    Good post I agree with you on V and bought in for 200 shares when it was at 48. I am not convinced about X though.

    December 15, 2008 at 9:03 pm

    • How come you aren’t convinced about X? at least technically on charts it looks like a major turn around on the weekly. I’m convinced we are still going to use steel to build and even at a slow economic environment. It’s a necessity for building cities.

      December 16, 2008 at 3:47 am

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