Investor's Opinion
Portfolio Update
Published: 2010-03-10 22:58:00 EST by Unknown
EVEP had a bullish day on slightly less than average volume. The price movement was opened where it closed the day before, but had strong bullish movement all the way to the closing bell. Because of being in the overbought condition for such a long time, the Stochastic indicator has actually dropped below it's signal line. The MACD indicator does not have the same averaging effect so it has continued to climb. This is about the highest that this stock has been for a while. I personally didn't think it would reach this high again, but I am not changing my opinion that it will probably not extend above this level, or at least will not remain above it for any extended amount of time.
SLV had a bearish day on greater than average volume. The price movement started higher and extended higher, but collapsed to the close near the low of the previous day. On this day, the Stochastic and MACD indicators have crossed below their signal lines. I believe it will not extend any higher than $17.50 a share for some time, at best. I am inclined to believe that it will fall to around $16.
My paper trades are looking more promising. ISPH had a bullish day with a very wide price range. As a result of the bullish move the price of the call option I sold against my shares has lost some of it's value. To "buy" it back at this time would result in a $4 loss. It is wiser to let it continue as is. Either I will profit after it is "exercised" or will be able to "sell" more options after the current ones expire. S gained a little value today and my Call options profited as a result. My options on AUO, GLW, GME, and LEAP were all unchanged but the underlying stocks are still likely to climb, so the options are also. That is my opinion, you can take it or leave it.
Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
Labels: MACD, option picks, option strategies, paper trade, prognostication, Stochastic, stock picks, stock strategies, updateUpdated: 2010-03-11 00:27:07 EST
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