Thinking about doing weekly options write on PM which is a stock in my portfolio.
Over the long haul PM has been one if not the best stable performing stock of all time of approx 20% annualized.
Max ATR(7) is 5 and was a rare event. Glad to add to it in my portfolio if I am called around the 80 ish range.
Despite dollar strength it is performing. What then...
Potential reversal in CHK may be coming as large shareholders such as Carl Ican step in after the large drop (believing in oil rebound - he thinks that the world need a new Sudi Arabi to be found each year or so to sustain the world with oil...).
Would potentially look for reversal trades with very tight stop at balance.
We go short SOPW at the balance extreme if we find shares to short.
Solar Power Inc is a Chinese pump & dump stock that has been hyped up to unrealistic prices.
At current valuation the company trades at a market cap of approx USD 650 million but has negative earnings and cash flow and a price to book ratio of around 30 and price to sales at 14 that is NOT...
IBM looks oversold and is forming a balance. Bad news yielded a large gap and I believe we have a potential of closing it.
The stock is one of Warren Buffets darlings which he acquired in the 170s range several years ago.
It is a very large position in his portfolio so would look to Berkshire adding as well as other value investors.
We go long if we break the balance extreme forming.
This is a value stock that has great long term potential. Three banks in one and held by many shrewd investors and portfolio managers.
As with GS I see upside in over the next year and happy to hold and buy dips of it or on balance extremes such as forming at the moment. Probably more upside in BAC than GS...
We go long on the balance extreme completing and HS bottom pattern. These patterns tend to have a very high success ratio.
Given that we are entering November which is a beginning of a seasonally strong period until May and the Republican party gaining more influence which often spells more deregulation and other positive effects on banks there could be a...
XCO Resources is a stock in the Natural Gas/Oil Space that has been beaten up a lot this and last year.
It is considered a value stocks by some people and held by Wilbur Ross and Prem Watsa.
It is forming a balance and has had some good news (and stocks like this are pron to have buy out rumors) that may propel it upwards if the balance is broken and we trade...
Resolute Forest Products is a good value stock that is trading at a balance extreme and has a cup and handle pattern.
It is held by Prem Watsa of Fairfax Financial.
I would look for trades on the long side after earnings if it is an earnings winner.
Gold has been a classic bubble that topped in 2012 but that has further downside.
We are now seeing the same pattern reproducing in balance. Given the strong down trend and general strength in the USD I believe we will crack through it. In particular that the bear raid in the indices seems to have failed and we are going into November which statistically is a...
Given the conflict an increased aggressive Russia there may be a political risk in the process of being priced in some European countries currencies.
Also given the sanctions there is a weakening of the economy such as the Polish which has some trade with Russia even though Germany is the largest.
According to the McD Index, Poland has one of the most...
The SEK tends to weaken against USD when stocks fall or in general when the US economy is improving.
Given the outcome of elections and a weak government in Sweden as well as a housing bubble we may see weakness in the SEK in the future.
RIG is a high yielder stock with deep value and performing some fundamental valuations from a quantitative perspective it is highly undervalued.
Car Ichan holds the stock and is performing changes. There has been some positive news but in general the market is afraid that low oil prices and dayrates will push earnings down.
Given that the stock has fallen a...
Banco Santander is one of my favorite dividend stocks that I acquired at favorable prices.
It took some beating in October with the test of the market and the Chairman also pasted away and his daughter took over.
What is interesting now is that we seem to be testing one balance and a test of the upper smaller balance should be possible. From there it could be...
Sears Holding Corporation may be a great investment and probably has great value in terms of what the company has on the books according to value investors.
The potential for a short squeeze is there given the particular float situation. Good news and extended buying from Lampert and Berkowitz et al could push the price up. Bad news and more short selling could...