Surfing the Chop on Wall Street Towards Retirement

Surfing the Chop on Wall Street Towards Retirement

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Friday, July 9, 2010

New Posts Will Now Only Be Available on http://surfingwallstreet.blogspot.com/

See my other blog at http://surfingwallstreet.blogspot.com/

I will discontinue updating this blog starting today.    Sorry for any inconvenience.

Friday, July 2, 2010

Summer Duldrums - Buy at Dow 9400 and sell at Dow 10400 till end of August

My plan for making money this summer is unfortunately a trading strategy for technology and high beta type stocks.    I plan to buy low at DOW 9400ish and Sell at DOW 10400ish.    Mostly I will plan on buying call options or purchasing the actual stock depending on circumstances.   I think the market has enough noise in it to last till the end of summer within that trading range.    Then hopefully the bulls will get organized toward an October - early December Bull Market.    Let me know if you have a better crystal ball?   I am always game to listen to other opinions.

Friday, June 25, 2010

Congress Is Done With the Financial Bill FinRef - NEXT COMES THE ENERGY BILL?

Two good pics and two stock I own for the new ENERGY BILL could be:
NATURAL GAS INFRASTRUCTURE STOCKS:  
CLNE - This stock will add value as the natural gas stays low promoting further switch overs from gasoline to natural gas.    Another stock that could benefit would be FSYS which I believe modifies engines from gasoline to natural gas.  Fuel Systems Solutions, Inc. engages in the design, manufacture, and supply of alternative fuel components and systems for use in the transportation, industrial, and power generation industries.
COAL INFRASTRUCTURE STOCKS:
ADES - Coal stack scrubbers and the like will like be in demand if further regulation on existing and new coal plants needs to adopt stricker regulations.  

Any other ideas for energy bill winners?

Thursday, June 24, 2010

SOLD 100 SHARES OF VAW AT 66.28ish

I was just thinking it was time to sell materials as they looked currently overpriced in our current market.    I put in a buy order near 61 for 100 shares.   Hopefully, I will get a chance to buy these shares back at a later date, as I think inflation is in our future.   One just does not know exactly when and how bad. 

Bought 200 shares of KFN at 7.87

This stock should move forward.    However, the stock currently seems to have a large beta as correlated with the broader market.    There could be further lowering of KFN if the broader market drops further.   I need to do some more homework on this complex stock.

Wednesday, June 23, 2010

Sold 25 Shares of AAPL today at 271ish

I plan on buying them back lower.    Currently, I have a limit order to buy the shares back at 252ish per share.  I think Cramer is right about the stock dropping temporarily before the release 4.0 of the Iphone.     Any thoughts?

Tuesday, June 22, 2010

Bull or Bear in the Next Two Weeks?

Possibly a small bull before the end of the month, based on Hedge Fund and end of the quarter needs for porfits (Cramer's yesterday segment).   However, given the market is already high, I am just am just going to sit on the sidelines and potentially sell some more stock in the next two weeks.   If there is a low enough decline I will be a buyer of call on names like - SKWS, ADSK, SNDK, YHOO, APPL, and the like growth stocks.  Lets see what happens.

Thursday, June 17, 2010

Is It Time to Wait For The Next Shoe To Drop Or Start Buying

I am going to continue with buy and hold of High Dividend and Safe Large Caps.    With Options I will "Trade the Market" for ups and downs during the summer.    I sold my APPL Call yesterday for a 30% gain and will wait for APPL to return to the 250 level to Buy in the money calls at that level.     Any other ideas on how to profit from a horizontal market I think will last for most of the summer?

Tuesday, June 15, 2010

Summer Market Concept Dejour

Volitility will likely continue.   This will continue to hammer low dividend high growth stocks.   This is where the next sector rotation will likely take place as soon as the volatility stabilizes.

I will continue to own a core position of high dividend stocks and buy stock or more likely buy calls on under valued tech growth stocks like ADSK, AAPL, SNDK, CRM, ARMH, EMC, INTC, HPQ ORCL, IBM, SWKS.    Many of these were also mentioned on Cramer's Mad Money yesterday as being undervalued as per the expected future growth.   So keep your eyes open for the greatest option.

About Me

I have a passion for investing and surfing.