Irrationally mad decision making to obtain the American Dream.

stock story

-41% on recent plays – Apple changing status to a downtrend stock? First Solar flipping to the upside now?

Wow. What a confusing market. As soon as I think the markets are stabilizing they do some crazy stuff and caught off guard. Tuesday the Fed lowered the interest rates which was assumed would happen by the market. If it didn’t happen then would the market be tanking right now? I think lower interest rates are good. Personally, if the rates went below 5% I would definitely refinance. On the main page of the Honolulu Advertiser newspaper it said “rush to refinance” I see this as a mega plan for failing mortgage companies to become cash king giants again. Remember every refinanced mortgage they do they earn fat commissions. If within the year more people are buying because of lowered interest rates which means the more you can buy with less money then I’ll definitely be flipping my Hawaii condo for a real fat profit. I’m about to put another $1800 into finishing all the drywall. I figure get it done now when I do have the money so if I can’t sell it within a few years (some major markets chaos) then at least I can rent it well because it looks new.

My bad plays were Apple (AAPL) and First Solar (FSLR). Apple predicts a halt in sales I think this is going to make this stock drop drop drop until Steve Jobs their savior says something different or they come out with something more innovative and new. As for First Solar there was tons of bad news on the company and charts showed it still falling. Then it goes up 20 pts. This week commodities have done quite well. If I would have sold out of my options Tuesday the majority of all my options going into the fed decision rallied and I would have been in the plus likely for all of them. It just shows what one day and one news story can do when trading within days using call and put options.

I’m definitely changing status on AAPL options. Likely will be practicing shorting it with put options here on. Also after a big day yesterday the second day usually lets some gains go. So practice selling today probably wasn’t the best day. 2 days in the trade would have been the best.

see results: (click to enlarge)
12-17-08fnn

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oops I did it again – bought AAPL MAY 145 Calls & QQQQ MAY 50 Calls

So I was watching the market and felt on these two stocks the timing was right to buy calls. If this rally is fake I will be eating dirt for the rest of the year. Both AAPL and QQQQ had promising technicals, but then again technicals have lied to me in the past so I’m watching my back for any breaks that should not happen. In general GOOG and AAPL are going into earnings in the mid 20’s of April 2008. Last years chart for AAPL started a reversal around now after dropping hard after earnings. PLUS!!!! BIG NEWS BIG STORY on Apple is the new iPhone going to be presented in June 2008. What happened for last years iPhone???? Oh, only the stock went up 100% in about 3 months INTO the iPhone release. So I plan to sell out before earnings then buy Jul 08 calls after earnigs on AAPL. QQQQ is just a less risky play that follows all of the heavy rich tech nasdaq stocks like AAPL and GOOG so if AAPL pushes so should tech and QQQQ’s. That is my thought so “oops I did it again” just lucky a smart choice with a motive behind it.

peace =-)

Btw India business is GREAT!!! I could possibly be semi-retired by 2009 with the choice I made. From what I hear we are helping a telecommunications company and will receive 15% of the profits for the life of the business. I’m pysched. My sailboat is still hurten. I finally finished renovating the front berthing so I actually have a bed now. I wall mounted my computer screen so its a sweet setup now to watch the market laying in bed.