Investor's Opinion

Portfolio Update

Published: 2010-03-17 22:12:00 EDT by Unknown

CPLP had a bearish day on less than average volume. The price movement was is adding to the sideways movement of the stock. I find it strange that the Stochastic indicator is still rising although the stock is not, but I am not surprised that the MACD is finally turning down toward it's signal line.

EVEP had a bearish day on much greater than average volume. The price movement was out of the ordinary, though. The price gaped down over a dollar a share and then after rising back up and then back down again even further it settled up for the day but down around the low of the previous day. The Stochastic indicator is in the overbought range but currently going down. The MACD indicator is also heading down. I perceive that the stock will be going down to about $30 a share if not a little further.

SLV had a bullish day on less than average volume. The price movement was not impressive at all, suggesting very little. The Stochastic indicator is still traveling down but has slowed a little. The MACD indicator, however, has pulled back up and is in contact with its signal line. Weighted with the price movement, this suggests a resistance to decline. This should be expected in the current price range of $16.50 and $17.50 as oscillation occurred here back in December. Future buy and selling would be wise just outside of this range depending on the position of direction of the technical indicators. My sold call option was unchanged and is still safe from being exercised against at this time.

Now for my paper trades. ISPH had a bearish day, which degrades the value of the shares I "own" but is preserving the premium of the call options I "sold" against them. S had a bullish day returning the value of the call options I "bought." It is currently at break even. My other paper trades, AUO, GLW, GME, and LEAP all had a bullish day. As a result the options I "bought" are all profitable right now. The only one I have significant concerns about is GLW as it is part of the construction industry sector and the Stochastic for the stock is in the overbought range and showing signs of weakness. Their is just under 40% appreciation in this position, which is significant enough to collect on, but the current bid and ask prices are higher than the current price. This suggests to me possible growth tomorrow that I want to wait and see for. That is my opinion, you can take it or leave it.

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Labels: MACD, option picks, option strategies, paper trade, prognostication, Stochastic, stock picks, stock strategies, update

Updated: 2010-03-17 23:10:28 EDT