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Closed positions
Today, I got closed on my QCOM positions. I have completely forgotten I had placed an order to exit at $40.25. So, the position was filled this afternoon. Not bad for a 12% gain.
Also, it was time to get ride of AA Alcoa, I sold it today @$14.80 for a 9% gain.
By Carlos Molina
Buying some VIX Calls for protection
After the huge movement in the markets, is time to buy some protection against our portfolio. Even though we might continue to see some movement to the upside, I think a small pullback is about to happen. Today, I am buying some contracts on the VIX Apr $16 Call @$4.00. Best wishes everyone,
By Carlos Molina
Buying some QCOM
Opening a position in Qualcomm this afternoon. Once the stock hit $35.85, I pulled the trigger. This is a great company with a lot of potential but lately has been taken down due to their earnings. For a trade I expect the stock to bounce to the $40 level. Take a look at the charts.
By Carlos Molina
Buying PCLN Call March $230
Priceline has been in my radar since January, after earnings the stock went up to $235+, well today it touched the $220 level, that gave me an entry point for the March $230 Calls at @$3.70.
By Carlos Molina
Buying some more RIMM March $70 Calls
Yesterday, I mentioned to you guys that if RIMM was to pullback I was going to get in the trade once again.
Well, the dip was IN this morning…. I opened some contracts on RIMM March $70 Calls @$1.94. So far the chart is showing that RIMM wants to go higher. The price target $90.00
By Carlos Molina
Open and IBM $125 Call
Buying the dip, I went ahead and open a position on IBM March $125 Call @$2.69 We can see a bounce in the markets closing the month tomorrow. Techs will drive this market higher….
By Carlos Molina
Closing GOOG March $540 position
This morning our stop loss was triggered, and I took a hit of -52% on my GOOG position. I was thinking of holding the position, but hey…DISCIPLINE is my priority. Now with the bounde of the markets GOOGLE is rallying once again to the $530 level. FYI – GOOG chart is broken since yesterday, so be careful with the trading. Today, it hold the $520 level, which is great…I am a big believer in GOOGLE for the long term, and we can see this stock going back to the $540 or $550 level if the chart go above the $530 in strong volume. Happy trading everybody..!!!
By Carlos Molina
Opening a Mastercard Call $220 Position
One of my stocks in my portfolio have been taking a hit since reporting earnings, that is MASTERCARD ( MA ). However, that’s not going to stop me from making money in the meantime. Today, I decided to pull the trigger on some March contracts, the $220 Call @$5.60. Why? 1.Technicals, look at the chart and you will see the signals on the RSI, and MACD indicators. 2. Mastercard has a support of around $217.50, so our entry level is not that compromised at all, probably a $5 or 10 down,,,vs,, $30 or 40 up risk/reward. We need this market to finish strong for the rest of the week to see our position gain some $$$. Happy trading everyone!!!
Don’t forget, you can follow my 2010 Performance where you will find all of my individual transactions.
By Carlos Molina
Closed my RIMM position, quick 43.50%
Like I thought, RIMM bounced back today well above the $70 level. That gave me a quick 43.50% return on my investment. Tomorrow in a pullback, I am getting IN. Why? 1. RIMM was upgraded this week, 2.they appear to have a strong momentum, 3. technicals are showing the stock can go as high as $80, based on markets conditions of course. and 4. RUMORS: Theres is some speculation that MSFT might put an offer in the table for RIMM. Let me know what you think….
By Carlos Molina
Closing my VIX position
As of Monday Feb 22, I went ahead and closed my position on the $VIX.X March $20 Calls. The contracts were taking a hit after no direction in the markets. I took a small LOSS of -13.50% and decided to move the funds to another position. Please see my 2010 Performance where you will find all of my individual transactions.
By Carlos Molina
- Jerry Larach : 21% Gain in two positions is not bad at all. Keep up the good work. ...
- Mel : There is a bubble and it's hovering over the ceiling of the stock mark ...
- Jerry Larach : That was a good CALL... 15% ROI !!!! Not a bad day.... Good J ...
- Mel : Analiza EGAS y comentas como la ves ...
- Mel : Good move. You should include that transaction in the performance sect ...
- Carlos Molina : Claro, lo voy a hacer tan pronto pueda. En estos momentos mi unica pos ...
- inocente : carlitos el melvin me comento a cerca de tu pagina me gustaria aserte ...