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Monday, November 23, 2009

first loss

Hey

The account has taken its first loss. The decision has been made to move forward and find a more profitable trade rather than wait for something positive to happen to the stock.

The account is premised on finding stocks to sell calls and not to invest into a company's stock. By selling, this continues the mission.

The full report on the stock will be written later this week.

- As always, the account does not fully divulge information on companies that have open trades. This is to protect the trade. When the trade on a particular stock ends, the account will give out the rest of the details (stock name, price purchased, call purchased, news on company/ETF, chart info) that sort of thing. Please feel free to ask questions and the account will answer them the best way possible can without endangering the trade. If you have any info regarding call selling, be sure to comment or send an email.

Friday, November 20, 2009

final day and new capital

Hey everyone

Today is the last day for the November call the account sold. It will most certainly (barring shocking positive news) expire at the end of the day. The question for the account now is to keep the stock and find another call to sell within the stock or sell the stock and find another one with a greater opportunity to make a profit. The research is going on and will continue until a decision can be made. The account will keep the stock until another can be found. Research will be done using Optionsxpress, Yahoo Finance, and various news sites such as cnbc, and Bloomberg.

The account has also added new capital to the account. This should push up the prices available to trade.

- As always, the account does not fully divulge information on companies that have open trades. This is to protect the trade. When the trade on a particular stock ends, the account will give out the rest of the details (stock name, price purchased, call purchased, news on company/ETF, chart info) that sort of thing. Please feel free to ask questions and the account will answer them the best way possible can without endangering the trade. If you have any info regarding call selling, be sure to comment or send an email.

Friday, November 13, 2009

One week to go.....

Hey

The call will probably expire worthless next week. The stock is still below the strike price. Earnings for the company were released on Monday and showed that the shares are almost trading for their cash value. They beat the estimate by a penny. There is talk of a possible buyout from a product partner which could add some value for the shares. They will be waiting on test results from their joint product in the next couple of months.

The account might just sell the shares after expiration is over to move on to the next trade. It would involve taking a loss but would free the capital for the next trade. To be sure, there will not be any movement until another profitable trade has been found.

- As always, the account does not fully divulge information on companies that have open trades. This is to protect the trade. When the trade on a particular stock ends, the account will give out the rest of the details (stock name, price purchased, call purchased, news on company/ETF, chart info) that sort of thing. Please feel free to ask questions and the account will answer them the best way possible can without endangering the trade.

Monday, November 9, 2009

Less than 2 weeks left...new capital added

Hey

The account added more capital to the account this past weekend. If the account decides to sell the current stock, the combined amount will allow the account to be ready to get into a higher priced stock. This will allow the account to find stocks that have a higher premium and therefor increase the revenue.
The stock is still below the strike price. This should be an active week as the stock is supposed to release their quarterly earnings today after the bell. The main factor in this report is the amount of cash available for the company. The stock is actually lower than the cash value of the last quarterly report. Any amount with the same amount of cash will provide a bump in the stock price. The company also might discuss the products currently being tested by the government.
- As always, the account does not fully divulge information on companies that have open trades. This is to protect the trade. When the trade on a particular stock ends, the account will give out the rest of the details (stock name, price purchased, call purchased, news on company/ETF, chart info) that sort of thing. Please feel free to ask questions and the account will answer them the best way possible can without endangering the trade.