Here’s to watching some companies throughout the years and
to keeping an eye on your Everyday Money.
EveryDay Money
Follow along as I attempt to stack up enough money and become good enough to trade full time. Here's to chasing the job I've always wanted.
Tuesday, May 22, 2012
Buying ExxonMobil Stock (XOM)
So, the no margin idea went right out the window when things
to buy started to pop up. You can only
look at Exxon in the low $80 for so long till you have to get a little. So yesterday I took a small bit in the $81
range and will wait for it rise. I have
had a little XOM off and on for the better part of 20 years. That experience and the need for at least one
lower beta stock in the group was all it took to jump in again.
Sunday, May 20, 2012
Weekend Weigh In (5/20/2012)
So, this
week sucked. The markets just kept
dropping. It’s hard seeing everything
falling and not doing something. Perhaps
I should be doing something? I have thought
about dumping some but haven’t. And there
were moments this week, when I thought about dumping them all but just turned
off the computer instead. For the most
part I like what I have and believe that all will recover in time. Here’s what I have right now.
Alcoa
(AA): Underwater and still waiting. Next earning date is beginning of July. I flip back and forth between selling when it
recovers enough for a small profit and sticking with it longer term. If I stick with it longer term it may recover
toward that $15+ level. I just don’t
know if I want to have money tied up in it for that long or even how long that
might be. Let’s see how long it takes
just to get back to good.
Aflac
(AFL): Underwater and pissed. Here’s a perfect example of what not to
do. I bought this just before earnings,
it jumped up and I was slow to sell. Since then I have watched it go from profit to
loss this week. Stupid!! Need to be better if I am to transition to
full time trading someday.
Hewlett-Packard
Company (HPQ): Underwater. There’s talk this week that Meg is going to
cut about 25,000 employees. Looking back
I should have passed on this one. The company
just has too much stuff going on. And it
seems that investors are just tired of hearing it all. I am going to have to wait a couple of
quarters for this one to get back to good, I feel. I bought in that $25 range so it has some
swimming to do.
Walgreen Co.
(WAG): Underwater. Walgreen dropped out
of what I would call the channel of $32 - $35 range. Have played this range before a few times and
I may have pushed it one too many times.
I am really interested to see how it acts this week.
International
Game Technology (IGT): Underwater. This
too I was looking for it to bounce back into that $17 range and it hasn’t done
it yet. So another one that goes on the
wait list.
EXCO
Resources Inc. (XCO): Underwater. Still
waiting for nat gas prices to go up.
They have been climbing some but I need them to keep climbing. Still thinking about hanging on to this one
and seeing if it might turn into a homerun down the road.
That’s it
for this weekend. I find it is always good
to review where I’m at and the good and bad decisions that I have made.
Here’s to a
better week than the last one and to keeping an eye on your Everyday Money.
Tuesday, May 15, 2012
Channel trading Walgreen’s stock (WAG)
So, had my
limit order in at the open and it got filled under my price. Getting filled under my limit price is both
good and worrisome at the same time. It
closed today above my buy price so that is a small bit of confront. The one thing about trading a range bound
stock is that it is in a range all the way to the point that it isn’t. For the past few months that I have traded
Walgreen’s stock I always think that this may be the time when the channel stops. This is fine, if it breaks to the up side. So now I wait for the move back up. Under a month is what it should be if it is
like the past times. I have my sell
order just waiting too. That’s it for
today, short and sweet.
Here’s to
channel stocks staying in the channel one more time and to keeping an eye on
your Everyday Money.
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